Exercises in Intertemporal Open Economy Macroeconomics

This exercise manual has been revised to be a companion volume to the third edition of "Fiscal Policies and the World Economy" by Jacob Frenkel and Assaf Razin. It includes new material on endogenous growth, convergence, and an extension of the Mundell-Flemming model.

List of contents

Part 2 Traditional approaches: the income-expenditure model - fiscal policies and the determination of output; the Mundell-Fleming model - deterministic dynamics; the Mundell-Fleming model - stochastic dynamics. Part 3 The intertemporal approach: the two-period composite-commodity world; the two-period multiple-good world; current-account dynamics. Part 4 An intertemporal approach to fiscal policies in world economy: government spending; budget deficits with nondistortionary taxes - the pure wealth effect; an exposition of the two-country overlapping-generations model; equivalence relations in international taxation. Part 5 Economic growth and international convergence: exogenous growth under international capital and labour mobility; endogenous growth under international capital and labour mobility; international taxation and exogenous growth; international taxation and endogenous growth.

About the author

Chi-Wa Yuen is Associate Professor of Economics and Finance at the University of Hong Kong.

Product details

• Authors: Hong Kong) Chi-Wa Yuen (University of Hong Kong, Thomas H. Krueger, Thomas J. Krueger, Thomas J. Ostry Krueger, Jonathan D. Ostry, Jonathan David Ostry, Chi-Wa Yuen, Chu-Wa Yuen
• Publisher: The MIT Press
• Languages: English
• Product format: Paperback / Softback
• Released: 03.03.1997
• EAN: 9780262611305
• ISBN: 978-0-262-61130-5
• No. of pages: 179
• Series: Supplement 1
• Subject: Social sciences, law, business > Business > Economics