Titlebook: International Economic Interdependence, Patterns of Trade Balances and Economic Policy Coordination; Mario Baldassarri (Professor of Econo

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Central Issues in Contemporary Economic Theory and Policyhttp://image.papertrans.cn/i/image/471495.jpg

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978-1-349-22258-2Palgrave Macmillan, a division of Macmillan Publishers Limited 1992

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https://doi.org/10.1007/978-1-349-22256-8economic policy; equilibrium; exchange rates; fiscal policy; general equilibrium; Government; income distr

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The Economic Effects of Expected Fiscal Policy in Small Open Economies will be shown that in open economies these effects crucially depend on the impact of the expected fiscal expansion on the country’s international creditworthiness (2). Therefore, two — extreme — cases will be discussed.

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International Economic Interdependence and Trade Balances: Introductory Noteses, together with the corresponding surpluses of Japan and Germany, represents a challenge to the interpretation of the international adjustment mechanisms at the theoretical level and, at the practical level, to the attempts that are being made to achieve international coordination of economic policy.

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