On the International Dimension of Fiscal Policy
On the International Dimension of Fiscal Policy
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Malden, USA: Blackwell Publishing Inc
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Language
English
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Publisher
Malden, USA: Blackwell Publishing Inc
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This paper analyzes the international dimension of fiscal policy in a small open economy framework. We consider the case in which the government finances its spending by levying distortionary taxes and issuing statecontingent debt. While in a closed economy taxes are essentially invariant, in an open economy taxes can be as volatile as output. This...
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Full title
On the International Dimension of Fiscal Policy
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TN_cdi_proquest_miscellaneous_854372327
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_854372327
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ISSN
0022-2879
E-ISSN
1538-4616
DOI
10.1111/j.1538-4616.2010.00352.x