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Fiscal Policy Interdependence and Efficiency / Willem H. Buiter, Kenneth M. Kletzer.
- Format:
- Book
- Author/Creator:
- Buiter, Willem H.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3328.
- NBER working paper series no. w3328
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1990.
- Summary:
- international transmission of fiscal policy among open interdependent economies under free international capital mobility. With only lump-sum taxes and transfers, international transmission involves only pecuniary externalities: barring dynamic inefficiency, only distributional issues (intergenerational and international) are involved. With age-specific taxes and transfers, the ability to run deficits and issue debt does not enhance the choice set of the governments. Source-based taxes on the rentals from capital and residence-based taxes on all property income are also studied.
- Notes:
- Print version record
- April 1990.
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