Trade and Tax Policy, Inflation and Exchange Rates

A Modern View

  • Assaf Razin
  • Hans-Jürgen Vosgerau
Conference proceedings

Part of the Studies in International Economics and Institutions book series (INTERN.ECONOM.)

Table of contents

  1. Front Matter
    Pages i-v
  2. Introduction

    1. Assaf Razin, Hans-Jürgen Vosgerau
      Pages 1-4
  3. Inflation, Exchange Rates and Macro-Economic Ajustment in the Global Economy

  4. Trade and Tax Policies in the Global Economy

    1. Front Matter
      Pages 169-169
    2. Gene M. Grossman, Elhanan Helpman
      Pages 171-214
    3. Arye L. Hillman, Manuel Hinds, Branko Milanovic, Heinrich W. Ursprung
      Pages 215-243
    4. Albert G. Schweinberger, Hans-Jürgen Vosgerau
      Pages 244-262
  5. Back Matter
    Pages 295-296

About these proceedings

Introduction

Ass a f R a z i nand Hans-Jiirgen Vosgerau The eight chapters of this volume have been grouped into two parts. Part A of contains chapters which are mainly monetary in character, whereas real aspects international economics are treated in Part B. It goes without saying that this is only a device for structuring the field. In substance most chapters reveal the close connections between real and monetary aspects. Part A on "Inflation, Exchange Rates, and Macro-Economic Adjustment in the Global Economy" consists of four papers. In recent years, an inflation targeting framework for monetary policy has been adopted by New Zealand, Canada, the United Kingdom, Finland, Sweden, Australia, and Spain (in chronological order). The use of inflation targeting can be viewed as a further step in the evolution of monetary policy techniques adopted by central banks. A common feature of the countries that have adopted inflation targets is the relatively poor inflation record over the last 30 years compared with other industrial countries such as Germany, Switzerland, Japan and the United States. Because of their relatively good inflation record, this latter group of countries has not explicitly adopted inflation targeting. With, or without, explicit inflation targeting the monetary policy credibility hinges on the independence of the central bank. Alex Cukierman addresses the issue of central bank independence by surveying alternative ways to characterize independence.

Keywords

Außenhandelstheorie Besteuerung Import Inflation Wechselkurse Zollpolitik exchange rates tariff policy taxation trade theory

Editors and affiliations

  • Assaf Razin
    • 1
  • Hans-Jürgen Vosgerau
    • 2
  1. 1.The Eitan Berglas School of Economics Faculty of Social SciencesTel Aviv UniversityTel AvivIsrael
  2. 2.Faculty of Economics and StatisticsUniversity of KonstanzKonstanzGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-60846-9
  • Copyright Information Springer-Verlag Berlin Heidelberg 1997
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-64582-2
  • Online ISBN 978-3-642-60846-9
  • Series Print ISSN 1431-6366
  • About this book