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1. |
Record Nr. |
UNINA9910777304703321 |
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Titolo |
International aspects of fiscal policies / / editor, Jacob A. Frenkel |
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Pubbl/distr/stampa |
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Chicago : , : University of Chicago Press, , 1988 |
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ISBN |
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1-281-22346-8 |
9786611223465 |
0-226-26254-5 |
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Descrizione fisica |
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1 online resource (422 pages) |
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Collana |
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A National Bureau of Economic Research conference report |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Fiscal policy |
International economic relations |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Papers presented at a conference held in Cambridge, Mass., on Dec. 13-14, 1985, sponsored by the National Bureau of Economic Research. |
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Nota di bibliografia |
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Includes bibliographies and indexes. |
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Nota di contenuto |
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Front matter -- Contents -- Preface -- 1. An Introduction to International Aspects of Fiscal Policies -- 2. Fiscal Policies, Net Saving, and Real Exchange Rates: The United States, the Federal Republic of Germany, and Japan -- 3. Coordination of Monetary and Fiscal Policies in the Industrial Economies -- 4. Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies -- 5. A Positive Theory of Fiscal Policy in Open Economies -- 6. Fiscal Policies and International Financial Markets -- 7. Expansionary Fiscal Policy and International Interdependence -- 8. Fiscal Policy, Trade Intervention, and World Interest Rates: An Empirical Analysis -- 9. Optimal Tax Policy for Balance of Payments Objectives -- 10. Tax Policy and International Competitiveness -- Contributors -- Author Index -- Subject Index |
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Sommario/riassunto |
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This volume brings together nine papers from a conference on international macroeconomics sponsored by the NBER in 1985. International economists as well as graduate students in the fields of global monetary economics, finance, and macroeconomics will find this an outstanding contribution to current research. It includes two commentaries for each paper, written by experts in the field, and |
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Frenkel's detailed introduction, which serves as a reader's guide to the arguments made, the models employed, and the issues raised by each contributor. The studies analyze national fiscal policies within the context of the international economic order. Malcolm D. Knight and Paul R. Masson use an empirical model to show that fiscal changes in recent years in the United States, West Germany, and Japan have caused major disturbances in net savings and investment flows. Linda S. Kole uses a two-country simulation model to examine the effects of a large nation's expansion on exchange rates, interest rates, and the balance of payments. In other studies, Warwick J. McKibbin and Jeffrey D. Sachs discuss the influences of different currency regimes on the international transmission of inflation; Kent P. Kimbrough analyzes the interaction between optimal tax policies and international trade; Sweder van Wijnbergen investigates the interrelation of fiscal policies, trade intervention, and world interest rates; and Willem H. Buiter uses an analytical model to look at fiscal interdependence and optimal policy design. David Backus, Michael Devereux, and Douglas Purvis develop a theoretical model to investigate effects of different fiscal policies in an open economy. Alan C. Stockman looks at the influence of policy anticipation in the private sector, while Lawrence H. Summers shows the effects of differential tax policy on international competitiveness. |
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