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| Author: | Andersen, T.M. |
| Title: | Fiscal policy coordination and international trade |
| Journal: | Economica
2007 : MAY, VOL. 74:294, p. 235-257 |
| Index terms: | fiscal policy international trade |
| Freeterms: | economic models |
| Language: | eng |
| Abstract: | It has been asserted that non-cooperative (here as: n-c.) fiscal policies (as: f-pol.) suffer a contractionary bias. However, general equilibrium models have shown that the bias is unambiguously expansionary. This paper argues that the latter result relies on a particular and critical way of modelling international trade. It is possible that f-pol. is insufficiently expansionary in the n-c. case. Thus, n-c. policy making implies that f-pol. is used too little if they expand private employment (as: prv-empl.), and too much if they contract prv-empl. |
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