International aspects of fiscal policies / edited by Jacob A. Frenkel.

Format:

Book

Contributor:

Frenkel, Jacob A.

National Bureau of Economic Research.

Series:

Conference report (National Bureau of Economic Research)

A National Bureau of Economic Research conference report

Language:

English

Subjects (All):

Fiscal policy.

International economic relations.

Physical Description:

1 online resource (422 pages)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 1988.

Language Note:

English

Summary:

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 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.

Contents:

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

Notes:

Papers presented at a conference held in Cambridge, Mass., on Dec. 13-14, 1985, sponsored by the National Bureau of Economic Research.

Includes bibliographies and indexes.

ISBN:

9786611223465

9781281223463

1281223468

9780226262543

0226262545

OCLC:

476228556