| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP226 |
| DP226 Domestic Politics and the International Coordination of Fiscal Policies | |
| Guido Tabellini | |
| 发表日期 | 1988-02-01 |
| 出版年 | 1988 |
| 语种 | 英语 |
| 摘要 | This paper investigates the desirability of international fiscal policy coordination in the presence of a domestic political distortion. The domestic distortion results from the inability of the current policy-maker to enter into a binding agreement with future policy-makers about the composition of public spending. This distortion generates a bias towards budget deficits. International coordination can exacerbate this bias, and thus reduce social welfare at home and abroad. The reason is that international coordination enables the domestic and foreign governments to form a coalition that excludes future policy-makers. This international coalition reduces the cost of running a budget deficit, and thus enhances the adverse effects of the domestic political distortion. |
| 主题 | International Macroeconomics |
| 关键词 | Budget deficit Coordination Fiscal policy International policy Political economy Public spending |
| URL | https://cepr.org/publications/dp226 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529380 |
| 推荐引用方式 GB/T 7714 | Guido Tabellini. DP226 Domestic Politics and the International Coordination of Fiscal Policies. 1988. |
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