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Should We Worry About the Fiscal Numerology of Maastricht?
Buiter, Willem H. - C.E.P.R. Discussion Papers - 1992
The paper reviews and evaluates in a non-technical manner the economic and political arguments for and against the two fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership in Economic and Monetary Union (EMU), net general...
Persistent link: https://www.econbiz.de/10005123517
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Pecuniary & Market Mediated Externalities : Towards a General Theory of the Welfare Economics & Economies with Imperfect Information & Incomplete Mrkts
Greenwald, Bruce C. - 1984
This paper presents a simple but quite general framework for analyzing the impact of informational externalities. By … identifying the traditional pecuniary effect of these externalities which nets out,the paper greatly simplifies the problem of …
Persistent link: https://www.econbiz.de/10012477791
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Pecuniary & Market Mediated Externalities : Towards a General Theory of the Welfare Economics & Economies with Imperfect Information & Incomplete Mrkts
Greenwald, Bruce C. N.; Stiglitz, Joseph E. - 2021
This paper presents a simple but quite general framework for analyzing the impact of informational externalities. By … identifying the traditional pecuniary effect of these externalities which nets out,the paper greatly simplifies the problem of …
Persistent link: https://www.econbiz.de/10013218340
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The theory of local public goods twenty-five years after Tiebout : a perspective
Stiglitz, Joseph E. - 1982
Persistent link: https://www.econbiz.de/10002860833
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The Theory of Local Public Goods Twenty-Five Years After Tiebout : A Perspective
Stiglitz, Joseph E. - 1982
closely related to some important policy issues concerning, for instance, urban concentralization, fiscal decentralization …
Persistent link: https://www.econbiz.de/10012478151
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The Theory of Local Public Goods Twenty-Five Years after Tiebout : A Perspective
Stiglitz, Joseph E. - 2021
closely related to some important policy issues concerning, for instance, urban concentralization, fiscal decentralization …
Persistent link: https://www.econbiz.de/10013216522
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Government deficits in large open economies : the problem of too little public debt
Buiter, Willem H.; Sibert, Anne C. - 2016
costly tax collection and exogenously given public spending and initial debt. They ask whether the externalities associated …
Persistent link: https://www.econbiz.de/10011416454
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Government deficits in large open economies : the problem of too little public debt
Buiter, Willem H.; Sibert, Anne C. - 2015
costly tax collection and exogenously given public spending and initial debt. They ask whether the externalities associated …
Persistent link: https://www.econbiz.de/10011316577
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Government budget deficits in large open economies
Buiter, Willem H.; Sibert, Anne C. - 2011
tax collection and exogenously given public spending and initial debt. We ask whether the externalities associated with an …
Persistent link: https://www.econbiz.de/10009130177
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Government Budget Deficits in Large Open Economies
Buiter, Willem H. - 2011
Large and growing levels of public debt in the United States, United Kingdom, Japan and the Euro Area raise new interest in the cross-country effects of a large open economy's deficits. We consider a dynamic optimizing model with costly tax collection and exogenously given public spending and...
Persistent link: https://www.econbiz.de/10013124182