The historical evolution of the corporate tax burden in the OECD nations is studied, beginning with an assessment of alternative measures of the burden. Descriptive analysis of these time series reveals no evidence of a competitive "race to the bottom" in capital taxation, and little evidence of...

Analysts have commonly argued that there has been a decline in international coordination of the kinds of policies that governments can use to manage the international payments imbalances that emerge when different governments pursue different macroeconomic policies. The decline typically has...

Frontmatter -- Contents -- Preface -- 1. Coordinating Macroeconomic Adjustment Policy -- 2. The Structure of the International System and Patterns of Policy Coordination -- 3. Insulation and Symptom Management, 1945-55 -- 4. Symptom Management, 1956-70 -- 5. Flexible Exchange Rates and the...