Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy

Dai, Meixing (2003): Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy. Published in: Economics Bulletin , Vol. 8, No. 7 (July 2007): pp. 1-7.

Abstract

In this paper, we study the effectiveness of fiscal policies in a framework of a small open economy where the behaviour of representative consumer is characterised by endogenous time preference which depends on wealth and consumption.

• Item Type: MPRA Paper
• Language: English
• Keywords: Time preference, fiscal policy, open economy
• Subjects: H - Public Economics > H5 - National Government Expenditures and Related Policies > H50 - General; F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics

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