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Fiscal Policies and Growth in the World Economy

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Covering a full array of topics in open economy macro and public economics, "Fiscal Policies and Growth in the World Economy" has been thoroughly revised and extended. The added material in this new edition includes stochastic rational-expectations extensions of the Mundell-Fleming model, the development of a dynamic-optimizing approach of the trade balance, and an entirely new part on issues of international economic convergence, which also contains a comprehensive policy overview.

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First published September 26, 1996

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Jacob A. Frenkel

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