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      <record key="001" att1="001" value="183729" att2="183729">001   183729</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-271.pdf</field>
      <field key="079" subkey="z">Bianconi, Marcelo - et al., Intertemporal Budget Policies and Macroeconomic Adjustment in Indebted Open Economies (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/271.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 271 (RePEc)</field>
      <field key="100" subkey="">Bianconi, Marcelo</field>
      <field key="103" subkey="">Department of Economics, Tufts University, Medford, MA, USA</field>
      <field key="104" subkey="a">Fisher, Walter H.</field>
      <field key="107" subkey="">Department of Economics and Finance, Institute for Advanced Studies, Vienna, Austria</field>
      <field key="331" subkey="">Intertemporal Budget Policies and Macroeconomic Adjustment in Indebted Open Economies</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">2011, June</field>
      <field key="433" subkey="">34 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 271</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Assoc. Ed.) ; Ritzberger, Klaus (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; The Model and Growth Equilibrium; Intertemporal Government Budget Constraint; Steady</field>
      <field key="Sta" subkey="t">e, Long-Run Effects and Impact Effects; Budget Policies and Analysis; Numerical Simulations; Concluding Remarks; Appendix;</field>
      <field key="Ref" subkey="e">rences; Tables; Figures;</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 271</field>
      <field key="700" subkey="">E5</field>
      <field key="700" subkey="">E6</field>
      <field key="700" subkey="">F4</field>
      <field key="720" subkey="">Government budget constraint</field>
      <field key="720" subkey="">Nominal assets</field>
      <field key="720" subkey="">Capital income tax</field>
      <field key="753" subkey="">Abstract: We analyze the role of government intertemporal budget policies in a growing open economy including nominal assets in</field>
      <field key="the" subkey="">presence of an upward sloping supply of debt. This introduces transitional dynamics that influence the effects of government</field>
      <field key="pol" subkey="i">cy instruments on the long term fiscal liability. In particular, shifts in capital income taxes can lead to dynamic scoring</field>
      <field key="eff" subkey="e">cts through the evolution of foreign debt. We show that a combination of tax-cumexpenditure, or government expenditure alone</field>
      <field key="can" subkey="">balance the long term government budget constraint. However, for certain combinations of parameter values, the capital income</field>
      <field key="tax" subkey="">alone cannot balance the intertemporal budget.;</field>
    </SEQUENTIAL>
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