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James Tobin : an appreciation of his contribution to economics
Buiter, Willem H. - London School of Economics (LSE) - 2003
Jim Tobin, who died on March 11, 2002 at the age of 84, was one of giants of economics of the second half of the twentieth century and the greatest macroeconomist of his generation. Tobin’s influence on macroeconomic theory is so pervasive - so much part of our professional ‘acquis’ - that...
Persistent link: https://www.econbiz.de/10011071326
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To Purgatory and Beyond: When and How Should the Accession Countries from Central and Eastern Europe Become Full Members of EMU?
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2004
membership. It should also be sufficient. 3) Convergence, prior to the adoption of the euro, of an EMU candidate’s inflation rate … to its euro area equilibrium inflation rate is helpful but not essential. 4) Real convergence is irrelevant for EMU … fiscal sustainability (and preferably also inflation convergence), the EMU candidate should be given a firm date and …
Persistent link: https://www.econbiz.de/10005666853
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Should We Worry About the Fiscal Numerology of Maastricht?
Buiter, Willem H. - C.E.P.R. Discussion Papers - 1992
fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership …
Persistent link: https://www.econbiz.de/10005123517
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Capital Mobility, Fiscal Policy and Growth Under Self-Financing of Human Capital Formation
Buiter, Willem H.; Kletzer, Kenneth - C.E.P.R. Discussion Papers - 1995
This paper considers the effects of fiscal and financial policy on economic growth in open and closed economies, when human capital formation by young households is constrained by the illiquidity of human wealth. Both endogenous and exogenous growth versions of the basic OLG model are analysed....
Persistent link: https://www.econbiz.de/10005497940
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Monetary Misconceptions: New and Old Paradigmata and Other Sad Tales
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2000
Several recent studies imply that the response of national saving to fiscal policy is non-monotonic. In this paper, we use two data sets to search for the circumstances in which such non-monotonic responses arise: one refers to a sample of OECD countries, as in previous studies, and one to a...
Persistent link: https://www.econbiz.de/10005124252
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The Limits to Fiscal Stimulus
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2009
The paper considers the case for an internationally coordinated further fiscal stimulus during the second half of 2009. Although this makes some of the analysis period-specific, most of the issues and principles considered are timeless. For a fiscal stimulus to be both effective there must be...
Persistent link: https://www.econbiz.de/10008557012
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Central Banking and the Choice of Currency Regime in Accession Countries
Buiter, Willem H.; Grafe, Clemens - SUERF - The European Money and Finance Forum
The subject matter of this paper is the design of appropriate Central Banking arrangements and exchange rate regimes for those former centrally planned Central and East European countries that are candidates for full membership in the European Union. We give an overview of the existing...
Persistent link: https://www.econbiz.de/10005529075
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Central Banking and the Choice of Currency Regime in Accession Countries
Buiter, Willem H.; Grafe, Clemens - 2001
The subject matter of this paper is the design of appropriate Central Banking arrangements and exchange rate regimes for those former centrally planned Central and East European countries that are candidates for full membership in the European Union. We give an overview of the existing...
Persistent link: https://www.econbiz.de/10011689895
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The Current Global Economic Situation, Outlook and Policy Options, with Special Emphasis on Fiscal Policy Issues
Buiter, Willem H. - C.E.P.R. Discussion Papers - 1987
The paper provides an account of the current global economic situation, outlook and policy options. Medium-term prospects are mediocre and fraught with considerable downside risk. Fiscal and monetary policy options for the main industrial countries to improve global economic performance are...
Persistent link: https://www.econbiz.de/10005791563