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Debt, deficits, and destabilizing monetary policy in open economies

Schabert, Andreas; Wijnbergen, Sweder van - 2006 - Revised Version: May 2006

inflation stabilization. Unstable dynamics can occur when the CB is aggressively raising the interest rate in response to higher … expected inflation. The constraint on stabilizing interest rate policy is tighter the higher the primary deficit and the more … policy to be accommodating (passive). Inflation stabilization is nevertheless feasible if the CB uses an instrument not …

Persistent link: https://www.econbiz.de/10011349206

Debt, deficits, and destabilizing monetary policy in open economies

Schabert, Andreas; Wijnbergen, Sweder van - 2006

Persistent link: https://www.econbiz.de/10003332112

Intergenerational and international welfare leakages of a product subsidy in a small open economy

Bettendorf, Leon; Heijdra, Ben J. - 1997

Persistent link: https://www.econbiz.de/10000959249

Competition policy in an open economy

Francois, Joseph F.; Horn, Henrik - 1998 - Rev.

We examine the setting of national competition policy in a two-country setting,emphasizing the relationship of trade to the goals of competition policy (suchas the degree and nature of competition). The issues we address involve thegeneral equilibrium distributional effects of competition...

Persistent link: https://www.econbiz.de/10011299975

An experimental investigation of wage taxation and unemployment in closed and open economies

Riedl, Arno; Winden, Frans A. A. M. van - 2000

We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed economy and an international economy. The main findings are the following. (i) There is clear evidence of a vicious circle in the dynamic interaction between the wage tax and...

Persistent link: https://www.econbiz.de/10011304623