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Fiscal Policies and the World Economy; An Intertemporal Approach (Cambridge, Mass.: MIT Press, 1987)

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  • Frenkel, Jacob A
  • Razin, Assaf

Abstract

Recent theoretical development in closed-economy macroeconomics are extended to open economies to investigate the dynamics of the current account of the balance of payments and the effects of fiscal policies.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 20438.

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Date of creation: 01 Feb 1987
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Handle: RePEc:pra:mprapa:20438

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Keywords: intertemporal approach to the current account; investment-saving balance; microfoundations of fiscal policy in the open economy;

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References

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  25. Calvo, Guillermo A & Obstfeld, Maurice, 1988. "Optimal Time-Consistent Fiscal Policy with Finite Lifetimes," Econometrica, Econometric Society, vol. 56(2), pages 411-32, March.
  26. Robert E. Lucas Jr. & Nancy L. Stokey, 1982. "Optimal Fiscal and Monetary Policy in an Economy Without Capital," Discussion Papers 532, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  27. Jean-Thomas Bernard & Robert J. Weiner, 1989. "Multinational Corporations, Transfer Prices, and Taxes: Evidence from the U.S. Petroleum Industry," NBER Working Papers 3013, National Bureau of Economic Research, Inc.
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  40. Frenkel, Jacob A & Razin, Assaf, 1986. "Government Spending, Debt, and International Economic Interdependence: Errata," Economic Journal, Royal Economic Society, vol. 96(383), pages 814, September.
  41. Robert E. Cumby & Richard M. Levich, 1987. "On the Definition and Magnitude of Recent Capital Flight," NBER Working Papers 2275, National Bureau of Economic Research, Inc.
  42. Michael P. Dooley, 1988. "Capital Flight: A Response to Differences in Financial Risks," IMF Staff Papers, Palgrave Macmillan, vol. 35(3), pages 422-436, September.
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