Series: Lectures in Economics: Theory, Institutions, Policy

Most recent volume


Volume . Budgetary Policy, International and Intertemporal Trade in the Global Economy

Published: 1st April 1989 Editors: W.H. Buiter
This monograph addresses a number of practical current policy issues in the areas of open economy macro-economic and international trade theory. The questions that are asked and answered include the following: What are the effects of a debt-financed cut in taxes on the real exchange rate, the trade balance, the current account and domestic and foreign real interest rates and stock markets in the short run and the long run? How do variations in public spending (financed through variations in taxations or borrowing) affect these same variables? How do productivity shocks or supply side-friendly tax cuts such as reductions in the rate of taxation on capital income affect the domestic and foreign economies? While the questions have an obvious immediate practical policy relevance, their treatment is uncompromisingly theoretical. A number of highly abstract and greatly simplified two-country models are presented and put through their paces in order to shed some light on the essential features of the international transmission mechanism.

Additional volumes


Theory and Practice of Managed Competition in Health Care Finance

Published: 1st June 1988 Editors: A.C. Enthoven

Understanding Technical Change as an Evolutionary Process

Published: 1st December 1987 Editors: R.R. Nelson

Post-War Economic Growth Revisited

Published: 1st November 1985 Editors: G. Bombach

Commodities and Capabilities

Published: 1st September 1985 Editors: A. Sen

Among Economists

Published: 1st January 1985 Editors: J. Pen

Economic, Legal and Political Dimensions of Competition

Published: 1st June 1982 Editors: H. Demsetz