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The Intertemporal Effects of International Transfers

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  • Pertti Haaparanta

Abstract

The classical transfer problem is studied in an overlapping generations framework, where the transfer is from a creditor country to a debtor country. A distinction is made between tax-financed and debt-financed transfers on the one hand, and between the uses of the transfer on the other hand. The transfer can be used to increase private income or to reduce government debt. It is first shown that the transfer can make the welfare change in the same direction in both of the countries, and that this possibility cannot be ruled out by stability condition.

Suggested Citation

  • Pertti Haaparanta, 1986. "The Intertemporal Effects of International Transfers," WIDER Working Paper Series wp-1986-003, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-1986-003
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    File URL: https://www.wider.unu.edu/sites/default/files/WP3.pdf
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    References listed on IDEAS

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    1. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    2. Persson, Torsten, 1985. "Deficits and intergenerational welfare in open economies," Journal of International Economics, Elsevier, vol. 19(1-2), pages 67-84, August.
    3. Buiter, Willem H, 1981. "Time Preference and International Lending and Borrowing in an Overlapping-Generations Model," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 769-797, August.
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    Cited by:

    1. Partha Dasgupta, 1990. "The Environment as a Commodity," WIDER Working Paper Series wp-1990-084, World Institute for Development Economic Research (UNU-WIDER).
    2. Yuyan Zhang, 1989. "Economic System Reform in China," WIDER Working Paper Series wp-1989-055, World Institute for Development Economic Research (UNU-WIDER).
    3. Kolodho, G.W. & Ostrowski, M. & Rosati, D., 1990. "Stabilization Policy in Poland; Challenges and Constraints," Research Paper 81, World Institute for Development Economics Research.

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