| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7241 |
| DP7241 Languages, Fees and the International Scope of Patenting | |
| Dietmar Harhoff; Bruno van Pottelsberghe de la Potterie; Karin Hoisl | |
| 发表日期 | 2009-03-29 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper analyses the international dimension of fiscal policy using a small open economy framework in which the government finances its spending by levying distortionary taxation and issuing non-state-contingent debt. The main finding of the paper is that, once the open economy aspect of the policy problem is considered, it is not optimal to smooth taxes following idiosyncratic shocks. Even when prices are flexible and inflation can costlessly act as a shock absorber to restore fiscal equilibrium, the presence of a terms of trade externality lead to movements in the tax rate. Also in contrast with the closed economy, the introduction of sticky prices, can reduce the optimal volatility of taxes. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy Optimal policy Small open economy |
| URL | https://cepr.org/publications/dp7241 |
| 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/536078 |
| 推荐引用方式 GB/T 7714 | Dietmar Harhoff,Bruno van Pottelsberghe de la Potterie,Karin Hoisl. DP7241 Languages, Fees and the International Scope of Patenting. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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