<section name="raw">
    <SEQUENTIAL>
      <record key="001" att1="001" value="154647" att2="154647">001   154647</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-161.pdf</field>
      <field key="079" subkey="z">Fisher, Walter H., Imports, Status Preference, and Foreign Borrowing (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/161.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 161 (RePEc)</field>
      <field key="100" subkey="">Fisher, Walter H.</field>
      <field key="103" subkey="">Department of Economics and Finance, Institute for Advanced Studies</field>
      <field key="331" subkey="">Imports, Status Preference, and Foreign Borrowing</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="">2004, September</field>
      <field key="433" subkey="">33 pp., Figures</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 161</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 Intertemporal Equilibrium; Dynamics of an Increase in Status Preference;</field>
      <field key="The" subkey="">Planner's Problem and Optimal Taxation; Conclusions; Appendix;</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 161</field>
      <field key="700" subkey="">E21</field>
      <field key="700" subkey="">F41</field>
      <field key="720" subkey="">Imports</field>
      <field key="720" subkey="">Status-preference</field>
      <field key="720" subkey="">Current account dynamics</field>
      <field key="753" subkey="">Abstract: This paper considers the implications of consumption and borrowing externalities in a small open economy framework. The</field>
      <field key="for" subkey="m">er reflect the assumption that status conscious agents care about the relative consumption of imported goods, whilethe latter</field>
      <field key="ari" subkey="s">e because agents do not take into account the effects of their borrowing decisions on the interest rate on debt. We analyze</field>
      <field key="in" subkey="t">he paper the impact of an increase in the degree of status preference on the saddlepath adjustment of the decentralized</field>
      <field key="eco" subkey="n">omy. In addition, the contrasting steadystate and dynamic properties of the social planner's economy are derived, along with</field>
      <field key="the" subkey="">corresponding optimal tax and subsidy policies.;</field>
    </SEQUENTIAL>
  </section>