Disziplinierung der nationalen Wirtschaftspolitik: durch die internationale Kapitalmobilität

Arbeitspapier

The paper discusses the impact of high capital mobility for monetary and budget policy as well as for the Provision of public goods, for taxation, for wage policy and trade unions, for distribution policy, and for social security Systems. The mobility of porrfolio capital puts additional restraints on monetary and fiscal policy of governments, the mobility of real capital restricts the maneuvering space of governments (in redefining the opportunity costs of government decisions in open economies). It is shown that competition between governments does not degenerate but serves as a mechanism to reduce costs and to discover new institutional arrangements.

Object Details

• Language: Deutsch

References and Relationships

• Bibliographic citation: Year: 1997 ; Kiel: Institut für Weltwirtschaft (IfW)

Classification and Topics

• Classification: Wirtschaft ; International Economics: General
• Subject: Wirtschaftspolitik ; Standortwettbewerb ; Internationale Kapitalmobilität ; Institutioneller Wettbewerb ; Theorie ; Welt

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Siebert, Horst
• Event: Veröffentlichung
• (who): Kiel Institute of World Economics (IfW) ; ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (where): Kiel
• (when): 1997

Further information

• Handle: http://hdl.handle.net/10419/983
• Last update: 10.03.2025, 11:45 AM CET