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By studying the international aspects of fiscal policy, the book establishes international differences in fiscal policy as determinants of persistent trade imbalances and international indebtedness. It also considers some basic questions on international transfers and austerity in open economies. This book based on the OLG model fills a gap on fiscal-policy issues in the recent spate of books on overlapping generations.

Produktbeschreibung
By studying the international aspects of fiscal policy, the book establishes international differences in fiscal policy as determinants of persistent trade imbalances and international indebtedness. It also considers some basic questions on international transfers and austerity in open economies. This book based on the OLG model fills a gap on fiscal-policy issues in the recent spate of books on overlapping generations.


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Autorenporträt
Kim Heng Tan obtained his Bachelor of Engineering from the University of Adelaide, a Master of Commerce from the University of New South Wales and a PhD in Economics from the University of Sydney. He wrote his PhD thesis "Public Policies in Dynamic Open Economies" under the supervision of eminent international trade theorist Alan Woodland. He taught economics at the University of New South Wales and Macquarie University in Australia before joining Nanyang Technological University (NTU). He has published in internationally refereed journals. He is now retired from NTU but still teaches Macroeconomics for the MSc (Applied Economics) programme.