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Budgetary policy, international and intertemporal trade in the global economy

Author: Willem H Buiter
Publisher: Amsterdam, The Netherlands ; New York : North-Holland ; New York, N.Y., U.S.A. : Sole distributors for the U.S.A. and Canada, Elsevier Science Pub. Co., ©1989.
Series: Professor Dr. P. Hennipman lectures in economics, v. 10.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
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Document Type: Book
All Authors / Contributors: Willem H Buiter
ISBN: 0444871357 9780444871350
OCLC Number: 18780106
Description: xii, 148 pages : illustrations ; 20 cm.
Contents: Introduction. Does an Increase in the Trade Balance Surplus or in the Current Account Surplus at Full Employment Require a Depreciation of the Real Exchange Rate? A First Approach. A Very Simple Two-Country Model Based on Krugman and Baldwin. Supply Shocks. Intertemporal Allocation and Financial Markets. Endogenous Absorption Shares. Private Consumption. Private Capital Formation. Public Spending. Imported Intermediate Inputs. The Domestic Bias in Spending. Increasing Returns to Scale in Production. A Simple Pooling Equilibrium. A Pooling Equilibrium with Capital Formation. Long Run Equilibrim. Dynamic Adjustment. Imported Capital Goods. A Model with Domestic Bias in Private Consumption, Capital Formation and Portfolio Choice. Consumption. Investment, Employment and Production. The Complete Model. Debt Neutrality and Henry George's ``Single Tax''. Long-Run Equilibrium. Table V.1. Demand Shocks with Deficit Financing. Dynamic Adjustment to an Early Tax Cut Followed by an Eventual Tax Increase. Balanced Budget Demand Shocks. Balanced Budget Supply Shocks. Dynamic Response to a Productivity Shock. Conclusion. References.
Series Title: Professor Dr. P. Hennipman lectures in economics, v. 10.
Responsibility: Willem H. Buiter.

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