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SUMMARY:'Expansionary Fiscal Policy – Open Economy Issues’ - Jonathan 
 Perraton  - Jonathan Perraton 
DTSTART:20170308T180000Z
DTEND:20170308T193000Z
UID:TALK69850@talks.cam.ac.uk
CONTACT:Philippa Millerchip
DESCRIPTION:*Talk Title:* '‘Expansionary Fiscal Policy – Open Economy 
 Issues’\n\nThe next St Catharine's Political Economy Seminar in the seri
 es on the Economics of Austerity\, will be held on 08 March\, 2017 - Jonat
 han Perraton will give a talk on ‘Expansionary Fiscal Policy – Open Ec
 onomy Issues'. The seminar will be held in the Ramsden Room at St Catharin
 e's College from 6.00-7.30 pm. All are welcome. The seminar series is supp
 orted by the Cambridge Journal of Economics and the Economics and Policy G
 roup at the Judge Business School.\n\n*Speaker:*\nJonathan Perraton is Sen
 ior Lecturer in Economics at the University of Sheffield and an Associate 
 Fellow of the Sheffield Political Economy Research Institute. He has publi
 shed on economic globalisation\, balance of payments constrained growth\, 
 political economy and economic methodology. He is a past coordinator of th
 e Post-Keynesian Economics Study Group.\n\n*Talk Overview:*\nMuch of the r
 ecent discussion of expansionary fiscal policy has abstracted from open ec
 onomy issues. The degree of openness of an economy would be expected to af
 fect the multiplier\; further\, the size\, composition and financing of an
 y expansionary package would be expected to affect the real exchange rate.
  Some studies have indicated particular responses here from public infrast
 ructure investment. The response of interest rates determined in global ma
 rkets is crucial\; this is related here to earlier economics and political
  economy work on the feasibility of Keynesian policies under globalisation
 . Some of this earlier work pointed to possible risk premium effects limit
 ing the effectiveness of Keynesian policies. This work is revisited\, draw
 ing on evidence from before and since the Global Financial Crisis.\n\nPlea
 se contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Mic
 hael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.
LOCATION:The Ramsden Room\, St Catharine's College
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