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

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  • Dai, Meixing

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.

Suggested Citation

  • Dai, Meixing, 2003. "Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy," MPRA Paper 13865, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:13865
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    More about this item

    Keywords

    Time preference; fiscal policy; open economy;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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