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| Meixing Dai |
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| ''Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy'' |
| ( 2007, Vol. 8 No.7 ) |
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| In this paper, we propose two alternative formulations of representative consumer¡¯s endogenous time preference that depends on consumption as well as wealth and/or revenue. We solve one of these formulations and apply it to study the effectiveness of fiscal policies in a small open economy facing a perfect international financial market |
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| Keywords: |
JEL: H3 - Fiscal Policies and Behavior of Economic Agents: General
F4 - Macroeconomic Aspects of International Trade and Finance: General |
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| Manuscript Received : Jul 12 2007 | | Manuscript Accepted : Jul 13 2007 |
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