Die Corona-Krise hat zu einem starken Konjunktureinbruch in Deutschland geführt. Nach einem zwischenzeitlichen konjunkturellen Aufholprozess führen der Anstieg der Fallzahlen und die damit einhergehenden erneuten Einschränkungen des öffentlichen Lebens im November wieder zu...

We examine the limiting behavior of cooperative and noncooperative fiscal policies as countries’ market power goes to zero. We show that these policies converge if countries raise revenues through lump-sum taxation. However, if there are unremovable domestic distortions, such as distorting...

This paper provides a simple counterexample to the standard belief that in a world economy in which all countries are small, strategic interactions between policymakers are trivial and thus cooperative and noncooperative government policies coincide. It is well known that this holds for tariff...