English, Article, Journal or magazine article edition: Fiscal Policy Interdependence and Efficiency Willem H. Buiter; Kenneth M. Kletzer

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Bookmark: http://trove.nla.gov.au/version/140881
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Fiscal Policy Interdependence and Efficiency
Author
  • Willem H. Buiter
  • Kenneth M. Kletzer
Physical Description
  • preprint
Notes
  • 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.
  • RePEc:nbr:nberwo:3328
Language
  • English
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