@prefix dcat: <http://www.w3.org/ns/dcat#> .
@prefix dct: <http://purl.org/dc/terms/> .
@prefix foaf: <http://xmlns.com/foaf/0.1/> .
@prefix vcard: <http://www.w3.org/2006/vcard/ns#> .
@prefix xsd: <http://www.w3.org/2001/XMLSchema#> .

<https://rec.harvest-normandie.data4citizen.com/dataset/oai-hal-halshs-00655972v2> a dcat:Dataset ;
    dct:description """
              A robust prediction across a wide range of open-economy macroeconomic models is that an unanticipated increase in public spending in a given country appreciates it currency in real terms. This result, however, contradicts the findings of a number of recent empirical studies, which instead document a signifi...cant and persistent depreciation of the real exchange rate following an expansionary government spending shock. In this paper, we rationalize the findings of the empirical literature by proposing a small-open-economy model that features three key ingredients : incomplete and imperfect international financial markets, sticky prices, and a not-too-aggressive monetary policy. The model predicts that in response to an unexpected increase in public expenditures, the risk-adjusted long-term real interest rate falls, causing the real exchange rate to depreciate. We establish this result both analytically, within a special version of the model, and numerically for the more general case.
            """ ;
    dct:identifier "halshs-00655972" ;
    dct:issued "2026-05-24T15:06:00.932950"^^xsd:dateTime ;
    dct:language "en" ;
    dct:modified "2026-05-24T15:06:00.932959"^^xsd:dateTime ;
    dct:publisher <https://rec.harvest-normandie.data4citizen.com/organization/cce9db95-46d9-4dc2-84b6-764215d0a002> ;
    dct:title "Government Spending, Monetary Policy, and the Real Exchange Rate" ;
    dcat:contactPoint [ a vcard:Organization ;
            vcard:fn "CCSD" ] ;
    dcat:distribution <https://rec.harvest-normandie.data4citizen.com/dataset/oai-hal-halshs-00655972v2/resource/ea07f821-df1e-4672-949e-ca8aeb5580b6> ;
    dcat:keyword "infoeu-reposemanticspreprint",
        "jel-f---international-economicsff3---international-financeff3f31---foreign-exchange",
        "jel-f---international-economicsff4---macroeconomic-aspects-of-international-trade-and-financeff",
        "monetary-policy",
        "preprints-working-papers-",
        "public-spending-shocks",
        "real-exchange-rate",
        "shsecohumanities-and-social-scienceseconomics-and-finance",
        "small-open-economy",
        "sticky-prices" ;
    dcat:landingPage <https://shs.hal.science/halshs-00655972> .

<https://rec.harvest-normandie.data4citizen.com/dataset/oai-hal-halshs-00655972v2/resource/ea07f821-df1e-4672-949e-ca8aeb5580b6> a dcat:Distribution ;
    dct:format "HTML" ;
    dct:issued "2026-05-24T15:06:01.018071"^^xsd:dateTime ;
    dct:modified "2026-05-24T15:06:00.879500"^^xsd:dateTime ;
    dct:title "Government Spending, Monetary Policy, and the Real Exchange Rate" ;
    dcat:accessURL <https://shs.hal.science/halshs-00655972> .

<https://rec.harvest-normandie.data4citizen.com/organization/cce9db95-46d9-4dc2-84b6-764215d0a002> a foaf:Agent ;
    foaf:name "test_moissonnage_selune" .

<https://shs.hal.science/halshs-00655972> a foaf:Document .