International Coordination of Fiscal Policy in Limiting Economies
Bibliographic Data
| ID | 10176558 |
|---|---|
| Authors | V Chari (0000-0002-7425-8739, Twin Cities Orthopedics), V V Chari, Patrick J Kehoe (0000-0001-5738-1236) |
| Year | 1990 |
| Volume | 98 |
| Issue | 3 |
| Pages | 617-636 |
| Publication date | 1990-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261697 |
| OpenAlex | W2079907130 |
| Language | EN |
| Citations received | 3 |
| References cited | 2 |
The authors examine the limiting behavior of cooperative and noncooperative fiscal policies as countries' market power goes to zero. They show that these policies converge if countries raise revenues through lump-sum taxation. However, if there are unremovable domestic distortions, such as distorting taxes, there can be gains to coordination even when a single country's policy cannot affect world prices. These results differ from the received wisdom in the optimal tariff literature. The key distinction is that, contrary to the tariff literature, the spending decisions of governments are explicitly modeled. Copyright 1990 by University of Chicago Press
Economics · Fiscal policy · International economics · Limiting · Macroeconomics · Market power · Microeconomics · Monetary economics · Revenue · Tariff · Tax revenue · Finance · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Local Government Finance and Decentralization
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,1 |
| Citation span | 1997 - 2013 (17) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |