</td><td>
</td><td>
</td><td>@Article{stecas98dc,
</td><td>  author = 	 {Cassou, Stephen P. and Kevin J. Lansing},
</td><td>  title = 	 {Optimal Fiscal Policy, Public Capital and the Productivity Slowdown},
</td><td>  journal = 	 dc,
</td><td>  year = 	 1998,
</td><td>  volume =	 22,
</td><td>  volume =	 6,
</td><td>  number =	 {911--935}
</td><td>}
</td><td>
</td><td>@Article{johtat90sl,
</td><td>  author = 	 {Tatom, John A.},
</td><td>  title = 	 {Public Capital and Private Sector Performance},
</td><td>  journal = 	 {Federal Reserve Bank of St. Louis Quaterly Review},
</td><td>  year = 	 1991,
</td><td>  number =	 {Mar},
</td><td>  pages =	 {3--15}
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>
</td><td>@Article{marbax93am,
</td><td>  author = 	 {Baxter, Marianne and King, Robert G.},
</td><td>  title = 	 {Fiscal Policy in General Equilibrium},
</td><td>  journal = 	 am,
</td><td>  year = 	 1993,
</td><td>  volume =	 83,
</td><td>  number =	 3,
</td><td>  pages =	 {315--329}
</td><td>}
</td><td>
</td><td>@Article{alimun90ne,
</td><td>  author = 	 {Munnell, Alicia H.},
</td><td>  title = 	 {Why has productivity growth declined? Productivity and PublicInvestment},
</td><td>  journal = 	 {New England Economic Review},
</td><td>  year = 	 1990,
</td><td>  number =	 {January},
</td><td>  pages =	 {3--22}
</td><td>}
</td><td>
</td><td>@Article{davash89mo,
</td><td>  author = 	 {David A. Aschauer},
</td><td>  title = 	 {Is public capital productive?},
</td><td>  journal = 	 mo,
</td><td>  year = 	 1989,
</td><td>  volume =	 23,
</td><td>  volume =	 3,
</td><td>  number =	 {177--200}
</td><td>}
</td><td>
</td><td>@Article{walfis98ej,
</td><td>  author = 	 {Walter H. Fischer and Stephen J. Turnovsky},
</td><td>  title = 	 {Public Investment, Congestion and Private
</td><td>Capital Accumulation},
</td><td>  journal = 	 {Economic Journal},
</td><td>  year = 	 1998,
</td><td>  volume =	 108,
</td><td>  pages =	 {399--413}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{stetur97md,
</td><td>  author = 	 {Stephen J. Turnovsky},
</td><td>  title = 	 {Fiscal Policy in a Growing Economy with Public Capital},
</td><td>  journal = 	 {Macroeconomic Dynamics},
</td><td>  year = 	 1997,
</td><td>  volume =	 1,
</td><td>  pages =	 {615--628}
</td><td>}
</td><td>
</td><td>
</td><td>@Book{tambar95dynamic,
</td><td>  author =	 {Basar, Tamar and Olsder, G.J.},
</td><td>  title = 	 {Dynamic Non-cooperative Game Theory},
</td><td>  publisher = 	 {Academic Press},
</td><td>  year = 	 1995,
</td><td>  address =	 {London}
</td><td>}
</td><td>
</td><td>@Article{torper85in,
</td><td>  author = 	 {Torsten Persson},
</td><td>  title = 	 {Deficits and Intergeneratinal Welfare in Open Economies},
</td><td>  journal = 	 in,
</td><td>  year = 	 1985,
</td><td>  volume =	 19,
</td><td>  pages =	 {67--84}
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Article{alasto80po,
</td><td>  author = 	 {Alan C. Stockman},
</td><td>  title = 	 {A Theory of Exchange Rate Determination},
</td><td>  journal = 	 po,
</td><td>  year = 	 1980,
</td><td>  key =		 88,
</td><td>  volume =	 88,
</td><td>  number =	 {673--698}
</td><td>}
</td><td>
</td><td>@Article{ruddor77am,
</td><td>  author = 	 {R\"udiger Dornbusch and Stanley Fisher and Paul A. Samuelson},
</td><td>  title = 	 {Comparative Advantage, Trade and Payments in a Ricardian Model with a Continuum of Goods},
</td><td>  journal = 	 am,
</td><td>  year = 	 1977,
</td><td>  volume =	 67,
</td><td>  pages =	 {823--39}
</td><td>}
</td><td>
</td><td>@Article{paukru93rs,
</td><td>  author = 	 {Paul Krugman},
</td><td>  title = 	 {First Nature, Second Nature and Metropolitan Location},
</td><td>  journal = 	 {Journal of Regional Science},
</td><td>  year = 	 1993,
</td><td>  volume =	 33,
</td><td>  number =	 2,
</td><td>  pages =	 {129--144}
</td><td>}
</td><td>
</td><td>@Article{phigra93rs,
</td><td>  author = 	 {Phillip E. Graves and Peter Mueser},
</td><td>  title = 	 {The Role of Equilibrium and Disequilibrium in Modeling Regional Growth and Decline: A Crititical Reassessment},
</td><td>  journal = 	 {Journal of Regional Science},
</td><td>  year = 	 1993,
</td><td>  volume =	 33,
</td><td>  pages =	 {69--84}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{jossha93rs,
</td><td>  author = 	 {Joseph Schachter and Paul G. Althaus},
</td><td>  title = 	 {The Assumption of Equilibrium in Models of Migration},
</td><td>  journal = 	 {Journal of Regional Science},
</td><td>  year = 	 1993,
</td><td>  volume =	 33,
</td><td>  pages =	 {85--88}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{alaewa90rs,
</td><td>  author = 	 {Evans, Alan W},
</td><td>  title = 	 {The Assumption of Equilibrium in the Analysis of Migration and Interregional Differenences: A Review of Recent Research},
</td><td>  journal = 	 {Journal of Regional Science},
</td><td>  year = 	 1990,
</td><td>  volume =	 27,
</td><td>  pages =	 {515--531}
</td><td>}
</td><td>
</td><td>@Unpublished{piykon97beyond,
</td><td>  author = 	 {Piyabah Kongsamut and Sergio Rebelo and Danyang Xie},
</td><td>  title = 	 {Beyond Balanced Growth},
</td><td>  year =         1997,
</td><td>  note = 	 {CEPR discussion paper no. 1693}
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Article{ruddor83po,
</td><td>  author = 	 {R{\"u}diger Dornbusch},
</td><td>  title = 	 {Real Interest Rates, Home Goods and Optimal External Borrowing},
</td><td>  journal = 	 po,
</td><td>  year = 	 1983,
</td><td>  volume =	 91,
</td><td>  pages =	 {141--153}
</td><td>}
</td><td>
</td><td>@Article{yosono96na,
</td><td>  author = 	 {Yoshiyasu Ono and Shinsuke Ikeda},
</td><td>  title = 	 {Fiscal Policy, Wealht Divergcen adn Lifetime Utility},
</td><td>  journal = 	 na,
</td><td>  year = 	 1996,
</td><td>  volume =	 64,
</td><td>  pages =	 {265--280}
</td><td>}
</td><td>
</td><td>@Book{gengro92innovation,
</td><td>  author = 	 {Gene M. Grossman and Elhanan Helpman},
</td><td>  title = 	 {Innovation and Growth in the Global Economy},
</td><td>  publisher = 	 {MIT Press},
</td><td>  year = 	 1992,
</td><td>  address =	 {Cambridge, Mass.}
</td><td>}
</td><td>
</td><td>@Article{klawal96na,
</td><td>  author = 	 {Klaus W\"alde},
</td><td>  title = 	 {Proof of Global Stability, Transitional Dynamics and International Capital Flows in a Two-country Model of Innovation and Growth},
</td><td>  journal = 	 {Journal of Economics---Zeitschrift f{\"u}r National{\"o}konomie},
</td><td>  year = 	 1996,
</td><td>  volume =	 64,
</td><td>  pages =	 {53--84}
</td><td>}
</td><td>
</td><td>@Article{robbar95am,
</td><td>  author = 	 {Barro, Robert J and N. Gregory Mankiw and {Sala-i-Martin}, Xavier},
</td><td>  title = 	 {Capital Mobility in Neoclassical Models of Growth},
</td><td>  journal = 	 am,
</td><td>  year = 	 1995,
</td><td>  volume =	 85,
</td><td>  pages =	 {103--114}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{torper87me,
</td><td>  author = 	 {Persson, Matts and Persson, Thorsten and Svensson, Lars E.O.},
</td><td>  title = 	 {Time Consistency of Fiscal and Monetary Policy},
</td><td>  journal = 	 em,
</td><td>  year = 	 1987,
</td><td>  volume =	 55,
</td><td>  number =	 6,
</td><td>  pages =	 {1419--1431}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{lawkot88am,
</td><td>  author = 	 {Lawrence J. Kotlikoff and Thorsten Persson and Lars E.O. Svensson},
</td><td>  title = 	 {Special Contracts as Assets: A Possible Solution to the
</td><td> Time-Consistency Problem},
</td><td>  journal = 	 am,
</td><td>  year = 	 1988,
</td><td>  volume =	 78,
</td><td>  pages =	 {662--677}
</td><td>}
</td><td>
</td><td>@Book{kenarr70public,
</td><td>  author = 	 {Kenneth J. Arrow and Mordecai Kurz},
</td><td>  title = 	 {Public Investment, the Rate of Return, and Optimal Fiscal Policy},
</td><td>  publisher = 	 {John Hopkins University Press},
</td><td>  year = 	 1970,
</td><td>  address =	 {Baltimore, Maryland, USA}
</td><td>}
</td><td>
</td><td>@Article{martui97md,
</td><td>  author = 	 {van Tuijl, Martin A and de Groof, Robert J. and Koolnaar, Ad H.J.},
</td><td>  title = 	 {Fiscal Policy and Public Capital in Interdependent Economies},
</td><td>  journal = 	 {Economic Modelling},
</td><td>  year = 	 1997,
</td><td>  volume =	 14,
</td><td>  pages =	 {279--300}
</td><td>}
</td><td>
</td><td>@Article{tosiho97ma,
</td><td>  title = 	 {Taxes on Capital Accumulation and Economic Growth},
</td><td>  author = 	 {Toshihiro Ihori},
</td><td>  journal = 	 ma,
</td><td>  year = 	 1997,
</td><td>  volume =	 19,
</td><td>  pages =	 {590--522}
</td><td>}
</td><td>
</td><td>@Article{kamliu94pq,
</td><td>  author = 	 {Kam W. Liu},
</td><td>  title = 	 {Do Capital Income Taxes Always Reduce Growth?},
</td><td>  journal = 	 pq,
</td><td>  year = 	 1994,
</td><td>  volume =	 22,
</td><td>  pages =	 {383--396}
</td><td>}
</td><td>
</td><td>@Article{alfgre96pq,
</td><td>  author = 	 {Alfred Greiner},
</td><td>  title = 	 {Fiscal Policy in a Model of Endogenous Growth with Learning
</td><td> by Doing},
</td><td>  journal = 	 pq,
</td><td>  year = 	 1996,
</td><td>  pages =	 {371--390},
</td><td>  volume =	 24
</td><td>}
</td><td>
</td><td>@Article{wilbui95ca,
</td><td>  author = 	 {Willem H. Buiter and Kenneth M. Kletzer},
</td><td>  title = 	 {Capital Mobility, Fiscal Policy, and Growth under Self-financing of Human Capital Formation},
</td><td>  journal = 	 ca,
</td><td>  year = 	 1995,
</td><td>  volume =	 28,
</td><td>  pages =	 {S163--S194}
</td><td>}
</td><td>
</td><td>@Article{thoosa96eu,
</td><td>  author = 	 {Thomas Osang and Alfredo Pereira},
</td><td>  title = 	 {Import Tariffs and Growth in a Small Open Economy},
</td><td>  journal = 	 pu,
</td><td>  volume =	 60,
</td><td>  year = 	 1996,
</td><td>  pages =	 {45--71}
</td><td>}
</td><td>
</td><td>@Article{stetur96pu,
</td><td>  author = 	 {Stephen J. Turnovsky},
</td><td>  title = 	 {Optimal Tax, Debt, and Expenditure Policies in a Growing Economy},
</td><td>  journal = 	 pu,
</td><td>  year = 	 1996,
</td><td>  volume =	 60,
</td><td>  pages =	 {21-44}
</td><td>}
</td><td>
</td><td>@Article{vittan97im,
</td><td>  author = 	 {Vito Tanzi and Howell H. Zee},
</td><td>  title = 	 {Fiscal Policy and Long-Run Growth},
</td><td>  journal = 	 im,
</td><td>  volume =	 44,
</td><td>  year = 	 1997,
</td><td>  pages =	 {179--209}
</td><td>}
</td><td>
</td><td>@Article{phimar97ox,
</td><td>  author = 	 {Phillippe Martin and Carol Ann Rogers},
</td><td>  title = 	 {Stabilization Policy, Learning-by-Doing, and Economic Growth},
</td><td>  journal = 	 ox,
</td><td>  year = 	 1997,
</td><td>  volume =	 49,
</td><td>  pages =	 {152--166}
</td><td>}
</td><td>
</td><td>@Article{pinwan95so,
</td><td>  author = 	 {Ping Wang and Chong K. Yip},
</td><td>  title = 	 {Macroeconomic Effects of Factor Taxation with Endogenous Human Capital Formation},
</td><td>  journal = 	 so,
</td><td>  year = 	 1995,
</td><td>  volume =	 61,
</td><td>  pages =	 {803--818}
</td><td>}
</td><td>
</td><td>@Article{shawxi94ma,
</td><td>  author = 	 {Shawn Ni and Xinghe Wang},
</td><td>  title = 	 {Human Capital and Income Taxation in an Endogenous Growth Model},
</td><td>  journal = 	 ma,
</td><td>  volume =	 16,
</td><td>  year = 	 1994,
</td><td>  pages =	 {493--507}
</td><td>}
</td><td>
</td><td>@Article{riccla94om,
</td><td>  author = 	 {Richard Clarida and Ronald Findlay},
</td><td>  title = 	 {After Maastricht: Public Investment, Economic Integration and Internaationald Capital Mobility},
</td><td>  journal = 	 om,
</td><td>  year = 	 1994,
</td><td>  volume =	 61,
</td><td>  pages =	 {319--329}
</td><td>}
</td><td>
</td><td>@Article{bintra95na,
</td><td>  author = 	 {Tran-Nam, Binh  and  Truong, C\^{o}ng Ngh\^{e} and
</td><td>  Ninh Van Tu, Pierre},
</td><td>  title = 	 {Human Capital and Economic Growth in an Overlapping Generations Model},
</td><td>  journal = 	 {Journal of Economics---Zeitschrift f\"ur National\"okonomie},
</td><td>  year = 	 1995,
</td><td>  volume =	 61,
</td><td>  pages =	 {147--173}
</td><td>}
</td><td>
</td><td>@Article{koifut95na,
</td><td>  author = 	 {Koichi Futagami and Kazuo Mino},
</td><td>  title = 	 {Public Capital and Patterns of Growth in the Presence of Threshold Externalities},
</td><td>  journal = 	 {Journal of Economics---Zeitschrift f\"ur National\"okonomie},
</td><td>  year = 	 1995,
</td><td>  volume =	 61,
</td><td>  pages =	 {123--146}
</td><td>}
</td><td>
</td><td>@Article{koifut93sc,
</td><td>  author = 	 {Koichi Futagami and Yuichi Morita and Akihisa Shibata},
</td><td>  title = 	 {Dynamic Analysis of an Endogenous Growth Model with Public Capital},
</td><td>  journal = 	 sc,
</td><td>  year = 	 1993,
</td><td>  volume =	 95,
</td><td>  pages =	 {607--625}
</td><td>}
</td><td>
</td><td>@Article{jesben96eu,
</td><td>  author =       {Jess Benhabib and Andr\`es Velasco},
</td><td>  title = 	 {On the Optimal and Best Sustainable 
</td><td>Taxes in an Open Economy},
</td><td>  journal = 	 eu,
</td><td>  year = 	 1996,
</td><td>  volume =	 40,
</td><td>  pages =	 {135--154}
</td><td>}
</td><td>
</td><td>@Article{haruhl96eu,
</td><td>  author = 	 {Harald Uhlig and Noriyuki Yanagawa},
</td><td>  title = 	 {Increasing the Capital Income Tax may Lead to Faster Growth},
</td><td>  journal = 	 eu,
</td><td>  year = 	 1996,
</td><td>  volume =	 40,
</td><td>  pages =	 {1521--1540}
</td><td>}
</td><td>
</td><td>@Article{ricplo95ir,
</td><td>  author = 	 { van der Ploeg, Frederick},
</td><td>  title = 	 {Political Economy of Monetary and Budgetary Policy},
</td><td>  journal = 	 ir,
</td><td>  year = 	 1995,
</td><td>  volume =	 36,
</td><td>  month =	 {May},
</td><td>  pages =	 {427--439}
</td><td>}
</td><td>
</td><td>@Unpublished{clamic97long,
</td><td>  author = 	 {Claudio Micjelacci},
</td><td>  title = 	 {Long Run Growth and Business Cycle Volatility},
</td><td>  note = 	 {mimeo}
</td><td>}
</td><td>
</td><td>@Article{johcoo93fi,
</td><td>  author = 	 {John W. Cooney, Jr and Avner Kalay},
</td><td>  title = 	 {Positive Information from Equity Issue Annoucements},
</td><td>  journal = 	 fi,
</td><td>  year = 	 1993,
</td><td>  volume =	 33,
</td><td>  pages =	 {149--172}
</td><td>}
</td><td>
</td><td>@Article{robmun51am,
</td><td>  author = 	 {Robert Mundell},
</td><td>  title = 	 {Inflation and Interest Rates},
</td><td>  journal = 	 am,
</td><td>  year = 	 1951,
</td><td>  volume =	 59,
</td><td>  pages =	 {93--116}
</td><td>}
</td><td>
</td><td>@Unpublished{kribli97barriers,
</td><td>  author = 	 {Christopher Bliss},
</td><td>  title = 	 {Barriers to Long-Run Convergence},
</td><td>  note = 	 {mimeo, Nuffield College Oxford}
</td><td>}
</td><td>
</td><td>@Unpublished{fabghi97out,
</td><td>  author = 	 {Fabio Ghironi and Fancesco Givazzi},
</td><td>  title = 	 {Out in the Sunshine? Outsiders, Insiders adn the United States in 1998},
</td><td>  note = 	 {CEPR discussion paper no. 1547}
</td><td>}
</td><td>
</td><td>@Unpublished{walfis96world,
</td><td>  author = 	 {Walter H. Fisher and Dek Terrell},
</td><td>  title = 	 {World Interest Shocks, Capital and the Current Account},
</td><td>  note = 	 {mineo},
</td><td>  year =	 1996
</td><td>}
</td><td>
</td><td>@Unpublished{marrao95analytical,
</td><td>  author = 	 {Rao, Marvinder.J.M. and Singh,Balwant},
</td><td>  title = 	 {Analytical Foundations of
</td><td>                  Financial Programming and Growth Oriented Adjustment},
</td><td>  year = 	 1995,
</td><td>  note = 	 {Department of Economic Analysis and Policy,
</td><td>                  Reserve Bank of India, Bombay}
</td><td>}
</td><td> 
</td><td>
</td><td>@Article{yvebal80th,
</td><td>  author = 	 {Yves Balasko and Karl Shell},
</td><td>  title = 	 {The Overlapping-Generations Model, I: The Case of Pure Exchange without Money},
</td><td>  journal = 	 th,
</td><td>  year = 	 1980,
</td><td>  volume =	 23,
</td><td>  pages =	 {281--306}
</td><td>}
</td><td>
</td><td>@Unpublished{giamar97endogenous,
</td><td>  author = 	 {Giancarlo Marini and Pasquale Scaramozzino},
</td><td>  title = 	 {Endogenous Growth and Social Security},
</td><td>  note = 	 {mimeo},
</td><td>  year =	 1997
</td><td>}
</td><td>
</td><td>@Article{sebedw85im,
</td><td>  author = 	 {Edwards, Sebastian and Mohsin S. Khan},
</td><td>  title = 	 {Interest Rate Determination in Developing Countries},
</td><td>  journal = 	 im,
</td><td>  year = 	 1985,
</td><td>  volume =	 32
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Unpublished{wilgof96future,
</td><td>  author = 	 {William L. Goffe and Robert Parks},
</td><td>  title = 	 {The Future Information Structure in Economics},
</td><td>  note = 	 {URN:WoPEc:wuwpmi9605001},
</td><td>  year =	 1996
</td><td>}
</td><td>
</td><td>@Unpublished{oliadl96europaeische,
</td><td>  author = 	 {Oliver Adler},
</td><td>  title = 	 {Europ\"aische W\"ahrungsunion: Bedeutung f\"ur Europa und die Schweiz},
</td><td>  note = 	 {USB Economic Research},
</td><td>  year =	 1996
</td><td>}
</td><td>
</td><td>
</td><td>@Article{torper85in,
</td><td>  author = 	 {Torsten Persson},
</td><td>  title = 	 {Deficits and Intergeneratinal Welfare in Open Economies},
</td><td>  journal = 	 in,
</td><td>  year = 	 1985,
</td><td>  volume =	 19,
</td><td>  pages =	 {67--84}
</td><td>}
</td><td>
</td><td>@Unpublished{maralo,
</td><td>  author = 	 {Marta Aloi and Huw D. Dixon, Teresa Lloyd Braga},
</td><td>  title = 	 {Endogenous Fluctuations in an Open Economy with
</td><td>                  Imperfect Competition},
</td><td>  note = 	 {mimeo}
</td><td>}
</td><td>
</td><td>@Unpublished{alialn96central,
</td><td>  author = 	 {Ali al-Nowaihi and Paul Levine},
</td><td>  title = 	 {Central Bank Independence: Gain Without Pain?},
</td><td>  note = 	 {mimeo}
</td><td>}
</td><td>
</td><td>@Unpublished{hankri96seignorage,
</td><td>  author = 	 {Hans-Martin Krolzig and Don I Asoka W\"ohrmann},
</td><td>  title = 	 {Seignorage, Government Spending and Growth in a
</td><td>                  Lucasian General Equilibrium Model},
</td><td>  note = 	 {University of Oxford Applied Economics Discussion
</td><td>                  Paper no. 187}
</td><td>}
</td><td>
</td><td>@Article{syleij96pc,
</td><td>  author = 	 {Sylvester Eijffinger and Maarten van
</td><td>                   Rooij and Eric Schaling},
</td><td>  title = 	 {Central Bank Independence: A paneldata approach},
</td><td>  journal = 	 pc,
</td><td>  year = 	 1996,
</td><td>  volume =	 89,
</td><td>  pages =	 {163--182}
</td><td>}
</td><td>
</td><td>@Article{jakdeh95pc,
</td><td>  author = 	 {Jakob de Haan and Gert Jan van't Hag},
</td><td>  title = 	 {Variations in Central Bank Independence across
</td><td>                  Countries: Some Provisional Empirical Evidence},
</td><td>  journal = 	 pc,
</td><td>  year = 	 1995,
</td><td>  volume =	 85,
</td><td>  pages =	 {335--351}
</td><td>}
</td><td>
</td><td>@Article{cf_bic06jo,
</td><td>  author = 	 {Bickerdike},
</td><td>  title = 	 {The Theory of Incipient Taxes},
</td><td>  journal = 	 jo,
</td><td>  year = 	 1906,
</td><td>  pages =	 {529--535}
</td><td>}
</td><td>
</td><td>@Unpublished{paulev97does,
</td><td>  author = 	 {Paul Levine},
</td><td>  title = 	 {Does Time Inconsitency Matter?},
</td><td>  note = 	 {CEPR Discussion Paper 227}
</td><td>}
</td><td>
</td><td>@Unpublished{arjlej96fiscal,
</td><td>  author = 	 {Arjan M. Lejour and Harries A.A. Verbon},
</td><td>  title = 	 {Fiscal Policies and Endogenous Growth in Integrated
</td><td>                  Capital Markets},
</td><td>  note = 	 {WoPEc:}
</td><td>}
</td><td>
</td><td>@Article{jagbha58st,
</td><td>  author = 	 {Jagdish Bhagwati},
</td><td>  title = 	 {Immiserzing Growth: A Geometical Note},
</td><td>  journal = 	 st,
</td><td>  year = 	 1958,
</td><td>  volume =	 25,
</td><td>  number =	 3,
</td><td>  pages =	 {201--205}
</td><td>}
</td><td>
</td><td>@Book{riccav68readings,
</td><td>  author = 	 {Caves, Richard Earl and Johnson, Harry G},
</td><td>  title = 	 {Readings in international economics},
</td><td>  publisher = 	 {Allen \& Unwin},
</td><td>  year = 	 1968
</td><td>}
</td><td>
</td><td>@Book{mauobs96foundations,
</td><td>  author = 	 {Maurice Obstfeld and Kenneth Rogoff},
</td><td>  title = 	 {Foundations of International Macroeconomics},
</td><td>  publisher = 	 {MIT Press},
</td><td>  year = 	 1996
</td><td>}
</td><td>
</td><td>@Unpublished{thokri96dynamic,
</td><td>  author = 	 {Thomas Krichel},
</td><td>  title = 	 {{\it Lecture Notes on Dynamic Macroeconomics}},
</td><td>  note = 	 {{\tt http://gretel.econ.surrey.ac.uk/dyn.pdf}},
</td><td>  year = 	 2000
</td><td>}
</td><td>
</td><td>@Book{ruddor80open,
</td><td>  author = 	 {R\"udiger Dornbusch},
</td><td>  title = 	 {Open Economy Macroeconomics},
</td><td>  publisher = 	 {Basic Books},
</td><td>  year = 	 1980
</td><td>}
</td><td>
</td><td>@Book{ruddor92exchange,
</td><td>  author = 	 {R\"udiger Dornbusch},
</td><td>  title = 	 {Exchange Rates and Inflation},
</td><td>  publisher = 	 {MIT Press},
</td><td>  address =	 {Cambridge (Mass)},
</td><td>  year = 	 1992
</td><td>}
</td><td>
</td><td>@Article{cosaza81th,
</td><td>  author = 	 {Costas Azariadis},
</td><td>  title = 	 {Self-fulfilling Prophecies},
</td><td>  journal = 	 th,
</td><td>  year = 	 1981,
</td><td>  pages =	 {380--396}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{cosaza90qu,
</td><td>  author = 	 {Costas Azariadis and Allan Drazen},
</td><td>  title = 	 {Threshold Externalities in Economic Development},
</td><td>  journal = 	 qu,
</td><td>  year = 	 1990,
</td><td>  volume =	 105,
</td><td>  pages =	 {501--526}
</td><td>}
</td><td>
</td><td>@Book{rogfar93macroeconomics,
</td><td>  author = 	 {Roger E.A. Farmer},
</td><td>  title = 	 {The Macroeconomics of Self-fulfilling Prophecies},
</td><td>  publisher = 	 {MIT Press},
</td><td>  year = 	 1993,
</td><td>  address =	 {Cambridge (Mass)}
</td><td>}
</td><td>
</td><td>@Article{petdia65am,
</td><td>  author = 	 {Peter A. Diamond},
</td><td>  title = 	 {National Debt in a Neoclassical Growth Model},
</td><td>  journal = 	 am,
</td><td>  year = 	 1965,
</td><td>  volume =	 55,
</td><td>  pages =	 {1126--1150}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{davgal71in,
</td><td>  author = 	 {David Gale},
</td><td>  title = 	 {General Equilibrium with Imbalance of Trade},
</td><td>  journal = 	 in,
</td><td>  year = 	 1971,
</td><td>  volume =	 1,
</td><td>  number =	 2,
</td><td>  pages =	 {141-158}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{davgal74in,
</td><td>  author = 	 {David Gale},
</td><td>  title = 	 {The Trade Imbalance Story},
</td><td>  journal = 	 in,
</td><td>  year = 	 1974,
</td><td>  volume =	 4,
</td><td>  number =	 2,
</td><td>  pages =	 {119-137}
</td><td>}
</td><td>
</td><td>@Article{davgal73th,
</td><td>  author = 	 {David Gale},
</td><td>  title = 	 {Pure Exchange Equilibrium of Dynamic Economic Models},
</td><td>  journal = 	 th,
</td><td>  year = 	 1973,
</td><td>  volume =	 5,
</td><td>  pages =	 {12--36}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{davcas83po,
</td><td>  author = 	 {David Cass and Karl Shell},
</td><td>  title = 	 {Do Sunspots Matter?},
</td><td>  journal = 	 po,
</td><td>  year = 	 1993,
</td><td>  pages =	 {193--227}
</td><td>}
</td><td>
</td><td>@Article{jeagra85em,
</td><td>  author = 	 {Grandmont, Jean Michel},
</td><td>  title = 	 {On Endogenous Competitive Business Cycles},
</td><td>  journal = 	 em,
</td><td>  year = 	 1985,
</td><td>  volume =	 53,
</td><td>  pages =	 {995-1045}
</td><td>}
</td><td>
</td><td>@Article{pausam58po,
</td><td>  author = 	 {Paul A. Samuelson},
</td><td>  title = 	 {An Exact Consumption-Loan Model of Interest with and
</td><td>                  without the Social Contrivance of Money},
</td><td>  journal = 	 po,
</td><td>  year = 	 1958,
</td><td>  volume =	 66,
</td><td>  pages =	 {467--482}
</td><td>}
</td><td>
</td><td>@Article{robluc72th,
</td><td>  author = 	 {Lucas, Jr, Robert E.},
</td><td>  title = 	 {Expectations and the Neutrality of Money},
</td><td>  journal = 	 th,
</td><td>  year = 	 1972,
</td><td>  volume =	 4,
</td><td>  pages =	 {103--124}
</td><td>}
</td><td>
</td><td>@Article{robluc88mo,
</td><td>  author = 	 {Lucas, Jr, Robert E.},
</td><td>  title = 	 {On the Mechanics of Economic Development},
</td><td>  journal = 	 mo,
</td><td>  year = 	 1988,
</td><td>  volume =	 25,
</td><td>  pages =	 {3--42}
</td><td>}
</td><td>
</td><td>@Unpublished{marbia95international,
</td><td>  author = 	 {Marcelo Bianconi and Stephen J. Turnovsky},
</td><td>  title = 	  "International Effects of Government Expenditure in
</td><td>                  Interdependent Economies",
</td><td>  note = 	 {mimeo},
</td><td>  year =	 1995
</td><td>}
</td><td>
</td><td>@Unpublished{marbia95fiscal,
</td><td>  author = 	 {Marcelo Bianconi and Stephen J. Turnovsky},
</td><td>  title = 	 "Fiscal Policy in the World Economy: Transmission and
</td><td>                  Implications for Strategic Behaviour",
</td><td>  note = 	 {mimeo},
</td><td>  year =	 1995
</td><td>}
</td><td>
</td><td>@Article{stetur92ri,
</td><td>  author = 	 {Stephen J. Turnovsky and Marcelo Bianconi},
</td><td>  title = 	 "The International Transmission of Tax Policies  in a
</td><td>                  Dynamic World Economy",
</td><td>  journal = 	 ri,
</td><td>  year = 	 1992,
</td><td>  volume =	 1,
</td><td>  number =	 1,
</td><td>  pages =	 {49--72}
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Article{edmphl61am,
</td><td>  author = 	 {Phleps, Edmund S.},
</td><td>  title = 	 {The Golden Rule of Capital Accumulation: A Fable for
</td><td>                  Growthmen},
</td><td>  journal = 	 am,
</td><td>  year = 	 1961,
</td><td>  volume =	 51,
</td><td>  pages =	 {638--643}
</td><td>}
</td><td>
</td><td>@Article{phibro94ri,
</td><td>  author = 	 {Philip L. Brock and Stephen J. Turnovsky},
</td><td>  title = 	 "The Dependent Economy Model with Both Traded and
</td><td>                  Nontraded Capital Goods",
</td><td>  journal = 	 ri,
</td><td>  year = 	 1994,
</td><td>  volume =	 1,
</td><td>  number =	 1,
</td><td>  pages =	 {306--325}
</td><td>}
</td><td>
</td><td>
</td><td>@Unpublished{stetur95fiscal,
</td><td>  author = 	 {Stephen J. Turnovsky},
</td><td>  title = 	 "Fiscal Policy, Growth and Macrcoeconmic Performance
</td><td>                  in a Small Open Economy",
</td><td>  note = 	 {mimeo},
</td><td>  key =		 1995
</td><td>}
</td><td>
</td><td>@Article{johcoo93fi,
</td><td>  author = 	 {Conney, John W. Jr. and  Avner Kalay},
</td><td>  title = 	 {Positive Information from Equity Issue Annoucements},
</td><td>  journal = 	 fi,
</td><td>  year = 	 1993,
</td><td>  volume =	 33,
</td><td>  pages =	 {149--172}
</td><td>}
</td><td>
</td><td>@Unpublished{klawal94trade,
</td><td>  author = 	 {Klaus W\"alde},
</td><td>  title = 	 {Trade Pattern Reversal: The R\^ole of Technological
</td><td>                  Change, Factor Accumulation and Government Intervention},
</td><td>  year =         1994,
</td><td>  note = 	 {Discussion Paper \#100, Institut f\"ur Theoretische
</td><td>                  Volkswirtschaftslehre, Universit\"at Kiel}
</td><td>}
</td><td>
</td><td>@Unpublished{klawal94factor,
</td><td>  author = 	 {Klaus W\"alde},
</td><td>  title = 	 {Factor Endowmnet, impatience adn Trade Patterns in a
</td><td>                  small open Economy of Endogenous Growth},
</td><td>  year =         1994,
</td><td>  note = 	 {Discussion Paper \#97, Institut f\"ur Theoretische
</td><td>                  Volkswirtschaftslehre, Universit\"at Kiel}
</td><td>}
</td><td>
</td><td>
</td><td>@InCollection{edmmal86maurice,
</td><td>  author = 	 {Edmond Malinvaud},
</td><td>  title = 	 {Maurice Allais, pr\'{e}curseur m\'{e}connu des mod\`{e}les
</td><td>                  \`{a} g\'{e}n\'{e}rations renouvel\'{e}es},
</td><td>  booktitle = 	 {March\'{e}s, capital et incertitude: essais en l'honneur de
</td><td>                   Maurice Allais},
</td><td>  crossref =	 {bermun86marches}
</td><td>}
</td><td>
</td><td>
</td><td>@Book{mauall47economie,
</td><td>  author = 	 {Maurice Allais},
</td><td>  title = 	 {Economie et Inter\^{e}t},
</td><td>  publisher = 	 {Imprimerie Nationale},
</td><td>  year = 	 1947,
</td><td>  address =	 {Paris}
</td><td>}
</td><td>
</td><td>
</td><td>@Book{bermun86marches,
</td><td>  author = 	 {Munier, Bertrand R.  and Boiteux, Marcel and Montbrial, Thierry
</td><td>                   de},
</td><td>  title = 	 {March\'es, capital et incertitude: essais en l'honneur de
</td><td>                   Maurice Allais},
</td><td>  publisher = 	 {Paris: Economica},
</td><td>  year = 	 1986
</td><td>}
</td><td>
</td><td>@Article{joepea86md,
</td><td>  author = 	 {Joseph Pearlman and  David Currie and Paul Levine},
</td><td>  title = 	 {Rational Expectation Models with Partial Information},
</td><td>  journal = 	 md,
</td><td>  year = 	 1986,
</td><td>  volume =	 3,
</td><td>  number =	 2,
</td><td>  pages =	 {90--105}
</td><td>}
</td><td>
</td><td>@Article{olibla80em,
</td><td>  author = 	 {Olivier J. Blanchard and Charles M. Khan},
</td><td>  title = 	 {The Solution Linear Difference models under Rational
</td><td>                  Expectations},
</td><td>  journal = 	 {Econometrica},
</td><td>  year = 	 1980,
</td><td>  volume =	 48,
</td><td>  pages =	 {1305--1309}
</td><td>}
</td><td>
</td><td>@Article{wilbui81po,
</td><td>  author = 	 "Willem H. Buiter",
</td><td>  title = 	 "Time Preference and International Lending and
</td><td>		  Borrowing in an Overlapping-Generations Model",
</td><td>  journal =	 "Journal of Political Economy",
</td><td>  year =	 1981,
</td><td>  volume =	 89,
</td><td>  number =	 4,
</td><td>  pages =	 "769--797"
</td><td>}
</td><td>
</td><td>@Unpublished{assraz96labour,
</td><td>  author = 	 "Assaf Razin and Chi-Wa Yuen",
</td><td>  title = 	 "Labour Mobility and Fiscal Coordination: Setting
</td><td>		  Growth Agenda for an Economic Union",
</td><td>  note = 	 "CEPR Discussion Paper No. 1342",
</td><td>  year =	 1996,
</td><td>}
</td><td>
</td><td>@Article{serreb91cr,
</td><td>  author = 	 "S\'{e}rgio T. Rebelo",
</td><td>  title = 	 "Growth in Open Economies",
</td><td>  journal =	 "Carnegie-Rochester Conference Series on Public Policy",
</td><td>  year =	 1991,
</td><td>  volume =	 36,
</td><td>  pages =	 "5-46"
</td><td>}
</td><td>
</td><td>@Article{assraz96pu,
</td><td>  author = 	 "Assaf Razin and Chi-Wa Yuen",
</td><td>  title = 	 "Capital Income Taxation and Long-run Growth: 
</td><td>                  New Perspectives",
</td><td>  journal =	 "Journal of Public Economics",
</td><td>  year =	 1996,
</td><td>  volume =	 59,
</td><td>  pages =	 "239--263"
</td><td>}
</td><td>
</td><td>@InCollection{lanbov94capital,
</td><td>  author = 	 "A. Lans Bovenberg",
</td><td>  title = 	 "Capital Taxation in the World Economy",
</td><td>  crossref =	 "freplo94handbook",
</td><td>  chapter =	 5,
</td><td>  pages =	 "116--150"
</td><td>}
</td><td>
</td><td>@InCollection{assraz94international,
</td><td>  author = 	 "Assaf Razin and Efraim Sadka",
</td><td>  title = 	 "International Fiscal Policy Coordination and Competition",
</td><td>  crossref =	 "freplo94handbook",
</td><td>  chapter =	 4,
</td><td>  pages =	 "99--115"
</td><td>}
</td><td>
</td><td>@Book{freplo94handbook,
</td><td>  title = 	 "The Handbook of International Macroeconomics",
</td><td>  publisher = 	 "Basil Blackwell",
</td><td>  year = 	 1994,
</td><td>  editor = 	 "Frederick van der Ploeg",
</td><td>  series =	 "Blackwell Handbooks in Economics"
</td><td>}
</td><td>
</td><td>@Unpublished{davcur96from,
</td><td>  author = 	 "David Currie and Pual L. Levine and Josepph Pearlman
</td><td>		  and Michael Chui",
</td><td>  title = 	 "From Imitation to Innovation: A Pacific RIM/OECD Model",
</td><td>  note = 	 "mimeo, London Business School"
</td><td>}
</td><td>
</td><td>@Article{geoalg91ja,
</td><td>  author = 	 {Alogoskoufis, George S. and van der Ploeg, Frederick},
</td><td>  title = 	 {On Budgetary Policies, Growth and External Deficits
</td><td>		  in an Interdependent World},
</td><td>  journal = 	 {Journal of the Japanese and International Economies},
</td><td>  year = 	 1991,
</td><td>  volume =	 5,
</td><td>  pages =	 {305--324}
</td><td>}
</td><td>		  
</td><td>@Article{wilbui91ja,
</td><td>  author = 	 {Willem H. Buiter and Kenneth M. Kletzer},
</td><td>  title = 	 {Persistent Differences in National Productivity Growth
</td><td>		  Rates with a Common Technology and Free Capital
</td><td>		  Mobility: The Roles of Private Thrift, Public Debt,
</td><td>		  Capital Taxation and Policy toward Human Capital Formation},
</td><td>  journal = 	 {Journal of the Japanese and International Economies},
</td><td>  year = 	 1991,
</td><td>  volume =	 5,
</td><td>  pages =	 {324--353}
</td><td>}
</td><td>
</td><td>@Article{rogfar87cu,
</td><td>  author = 	 {Roger E.A. Farmer and Michael Woodford},
</td><td>  title = 	 {Profec\'\ias que se autorrealizan y el ciclo econ\'omico},
</td><td>  journal = 	 {Cuaderos Econ\'omicos de ICE},
</td><td>  year = 	 1985,
</td><td>  volume =	 35,
</td><td>  number =	 1,
</td><td>  pages =	 {129--160}
</td><td>}
</td><td>
</td><td>@Unpublished{wilbui92government,
</td><td>  author = 	 {Willem H. Buiter and Kenneth M. Kletzer},
</td><td>  title = 	 {Ponzi Finance and the Redundancy and Usefulness of
</td><td>		  Public Debt},
</td><td>  note = 	 {NBER working paper \#4076},
</td><td>  year =	 1992,
</td><td>  month =	 {March}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{alaash88pq,
</td><td>  author = 	 "David Alan Aschauer",
</td><td>  title = 	 "Tax rates, Deficits and Intertemporal Efficiency",
</td><td>  journal =	 "Public Finance Quarterly",
</td><td>  year =	 1988,
</td><td>  volume =	 16,
</td><td>  number =	 3,
</td><td>  pages =	 "374--384"
</td><td>}
</td><td>
</td><td>@Article{aladea94ox,
</td><td>  author = 	 "Alan V. Deardorff",
</td><td>  title = 	 "Growth and Internation Investment with Divering Populations",
</td><td>  journal =	 "Oxford Economic Papers",
</td><td>  year =	 1994,
</td><td>  volume =	 46,
</td><td>  pages =	 "477--491"
</td><td>}
</td><td>
</td><td>@Article{albale95im,
</td><td>  author = 	 "Alberto Alesina and Roberto Perotti",
</td><td>  title = 	 "The Political Economy of Budget Deficits",
</td><td>  journal =	 "IMF Staff Papers",
</td><td>  year =	 1995,
</td><td>  volume =	 42,
</td><td>  number =	 1,
</td><td>  pages =	 "1--13"
</td><td>}
</td><td>
</td><td>
</td><td>@article{alialn94mo,
</td><td>  author =      {al-Nowaihi, Ali and Paul Levine},
</td><td>  title  =      {{Can Repuation solve the Monetary Credility Problem?}},
</td><td>  journal =     {Journal of Monetary Economics},
</td><td>  volume =      33,
</td><td>  pages =       {355--380},
</td><td>  year =        1994
</td><td>}
</td><td>
</td><td>@Article{berhub92eu,
</td><td>  author = 	 "Bernd Huber",
</td><td>  title = 	 "Time Consistency of Government Financial Policy in a
</td><td>		  Small Open-Economy",
</td><td>  journal = 	 "European Economic Review",
</td><td>  year = 	 1992,
</td><td>  volume = 	 36,
</td><td>  number = 	 8,
</td><td>  pages = 	 "1545--1555"
</td><td>}
</td><td>
</td><td>@Book{berohl33interegional,
</td><td>  author = 	 "Bertil Ohlin",
</td><td>  title = 	 "Interegional and International Trade",
</td><td>  publisher = 	 "Harvard University Press",
</td><td>  year = 	 1933
</td><td>}
</td><td>
</td><td>@article{casmul93qu,
</td><td>  author =       {Casey B. Mulligan and {Sala-i-Martin}, Xavier},
</td><td>  title  =       {{Transitional Dynamics in two-sector Models of
</td><td>                 Endogenous Growth}},
</td><td>  journal =      {Quarterly Journal of Economics},
</td><td>  number =       3,
</td><td>  volume =       108,
</td><td>  pages  =       {739--773},
</td><td>  year   =       1993
</td><td>}
</td><td>
</td><td>@Article{chajon95po,
</td><td>  author = 	 "Charles I. Jones",
</td><td>  title = 	 "R \& D-Based Models of Economic Growth",
</td><td>  journal =	 "Journal of Political Economy",
</td><td>  year =	 1995,
</td><td>  volume =	 103,
</td><td>  number =	 4,
</td><td>  pages =	 "759--784"
</td><td>}
</td><td>
</td><td>@Unpublished{chilin95public,
</td><td>  author = 	 "Chi-ang Lin",
</td><td>  title = 	 "Public Expenditure and Economic Growth in the G-7:
</td><td>		  Evidence within and across Countries",
</td><td>  note = 	 "mimeo, University of Nebraska-Lincoln",
</td><td>  year =	 1995
</td><td>}
</td><td>
</td><td>@Article{chohua93mo,
</td><td>  author = 	 "Choa-Hsi Huang and Kenneth S. Lin",
</td><td>  title = 	 "Deficits, Government Expenditure and Tax Smoothing
</td><td>		  in the United States: 1929--1988",
</td><td>  journal =	 "Journal of Monetary Economics",
</td><td>  year =	 1993,
</td><td>  volume =	 31,
</td><td>  pages =	 "317--339"
</td><td>}
</td><td>
</td><td>@Article{chrcha86me,
</td><td>  author = 	 "Christophe Chamley",
</td><td>  title = 	 "Optimal Taxation of Capital Income in General
</td><td>		  Equilibrium with Finite Lives",
</td><td>  journal =	 "Econometrica",
</td><td>  year =	 1986,
</td><td>  volume = 	 54,
</td><td>  pages =	 "607--622"
</td><td>}
</td><td>
</td><td>@Article{chrcha92th,
</td><td>  author = 	 "Christophe Chamley",
</td><td>  title = 	 "The Last Shall Be First: Efficient Constraints
</td><td>		  on Foreign Borrowing in a Model of Endogenous Growth",
</td><td>  journal =	 "Journal of Economic Theory",
</td><td>  year =	 1992,
</td><td>  vol = 	 58,
</td><td>  pages =	 "335--354",
</td><td>}
</td><td>
</td><td>@book{davcur93rules,
</td><td>author={David Currie and Paul Levine},
</td><td>title={Rules, Reputation and Macroeconomic Policy Coordination},
</td><td>publisher={Cambridge University Press},
</td><td>year=1994}
</td><td>
</td><td>@article{edwhsi94ap,
</td><td>author={Edward Hsieh and Kon S. Lai},
</td><td>title ={{Government Spending and Economic Growth: The G7 Experience}},
</td><td>journal={Applied Economics},
</td><td>volume =26,
</td><td>pages  ={535--542},
</td><td>year   =1994}
</td><td>
</td><td>
</td><td>@Book{elhhel78theory,
</td><td>  author = 	 "Helpman, Elhanan and Razin, Assaf",
</td><td>  title = 	 "A Theory of International Trade under Uncertainty",
</td><td>  publisher = 	 "New York: Academic Press",
</td><td>  year = 	 1978,
</td><td>  series =	 "Economic theory, econometrics, and mathematical economics"
</td><td>}
</td><td>
</td><td>@Article{elihec29ti,
</td><td>  author = 	 "Eli Heckscher",
</td><td>  title = 	 {Utrikeshandlens verkan p\aa{}
</td><td>		  inkomstf\"ordelningen. N\aa{}gra
</td><td>                  teoretiska grundlinjer},
</td><td>  journal =	 "Ekonomisk Tidscrift",
</td><td>  year =	 1929,
</td><td>  volume =	 21,
</td><td>  pages =	 "497--512"
</td><td>}
</td><td>
</td><td>@Article{freplo95ep,
</td><td>  author = 	 "Frederick van der Ploeg",
</td><td>  title = 	 "Solvency of Counter-Cyclical Policy Rules",
</td><td>  journal =	 "Journal of Public Economics",
</td><td>  year =	 1995,
</td><td>  volume =	 57,
</td><td>  pages =	 "45--65"
</td><td>}
</td><td>
</td><td>@Article{fynkid77po,
</td><td>  author = 	 "Fynn E. Kidland and Edward C. Prescott",
</td><td>  title = 	 "Rules Rather than Discretion: The Inconsistency 
</td><td>                  of Optimal Plans",
</td><td>  journal = 	 "Journal of Political Economy",
</td><td>  year = 	 1977,
</td><td>  volume = 	 85,
</td><td>  number = 	 3,
</td><td>  pages = 	 "473--493"
</td><td>}
</td><td>
</td><td>@Article{davcur98ox,
</td><td>  author = 	 {David Currie and Paul Levine and Joseph Pearlman and Michael Chui},
</td><td>  title = 	 {Phases of Imitation and Innovation in a North-South Endogenous        Growth Model},
</td><td>  journal = 	 op,
</td><td>  year = 	 1998,
</td><td>  note =	 {forthcoming}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{thokri95pl,
</td><td>  author = 	 {Thomas Krichel and Paul Levine},
</td><td>  title = 	 {Growth, Debt, and Public Infrastructure},
</td><td>  journal = 	 {Economics of Planning},
</td><td>  volume = 	 28,
</td><td>  year = 	 1995,
</td><td>  pages =	 {119-146}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{gerglo92po,
</td><td>  author = 	 "Gerhard Glomm and B. Ravikumar",
</td><td>  title = 	 "Public versus Private Investment in Human Capital:
</td><td>		  Endogenous Growth and Income Inequality",
</td><td>  journal =	 "Journal of Political Economy",
</td><td>  year =	 1992,
</td><td>  volume =	 100,
</td><td>  number =	 4,
</td><td>  pages =	 "818--834"
</td><td>}
</td><td>
</td><td>@article{gerglo94dy,
</td><td>author ={Gerhard Glomm and B. Ravikumar},
</td><td>title  ={{Public Investment in Infrastructure in a Simple Growth Model}},
</td><td>journal={Journal of Economic Dynamics and Control},
</td><td>volume =18,
</td><td>pages  ={1173--1187},
</td><td>year   =1994}
</td><td>
</td><td>@article{gerglo99dy,
</td><td>author ={Gerhard Glomm and B. Ravikumar},
</td><td>title  ={{Competitive Equilibrium and Public Investment Plans}},
</td><td>journal={Journal of Economic Dynamics and Control},
</td><td>volume =23,
</td><td>pages  ={1207--1224},
</td><td>year   =1999}
</td><td>
</td><td>
</td><td>@article{gilsai92qu,
</td><td>author={Gilles Saint-Paul},
</td><td>title={{Fiscal Policy in an Endogenous Growth Model}},
</td><td>journal={Quarterly Journal of Economics},
</td><td>number=4,
</td><td>volume =108,
</td><td>pages  ={1243--1259},
</td><td>year   =1992}
</td><td>
</td><td>
</td><td>@Article{guical88me,
</td><td>  author = 	 "Guillermo Calvo and Maurice Obstfeld",
</td><td>  title = 	 "Optimal Time-Consistent Fiscal Policies with Finite
</td><td>		  Lifetimes",
</td><td>  journal = 	 "Econometrica",
</td><td>  year = 	 1988,
</td><td>  volume = 	 56,
</td><td>  number = 	 2,
</td><td>  pages = 	 "411--432"
</td><td>}
</td><td>
</td><td>@Article{henboh95cb,
</td><td>  author = 	 "Henning Bohn",
</td><td>  title = 	 "The Sustainability of Budget Deficits in a
</td><td>		  Stochastic Economy",
</td><td>  journal =	 "Journal of Money, Credit and Banking",
</td><td>  year =	 1995,
</td><td>  volume =	 27,
</td><td>  pages =	 "257--271"
</td><td>}
</td><td>
</td><td>@Article{henjen94dc,
</td><td>  author = 	 "Henrik Jensen",
</td><td>  title = 	 "Loss of Monetary Discretion in a Simple Dynamic
</td><td>		  Policy Game",
</td><td>  journal = 	 "Journal of Economic Dynamics and Control",
</td><td>  year = 	 1994,
</td><td>  volume = 	 36,
</td><td>  pages = 	 "763--779"
</td><td>}
</td><td>
</td><td>
</td><td>@Article{henjen94in,
</td><td>  author = 	 "Henrik Jensen",
</td><td>  title = 	 "Sustaining Policy Cooperation between Economies of
</td><td>		  Different Sizes",
</td><td>  journal = 	 "Journal of International Economics",
</td><td>  year = 	 1994,
</td><td>  volume = 	 36,
</td><td>  pages = 	 "289--307"
</td><td>}
</td><td>
</td><td>@Article{iankin92so,
</td><td>  author = 	 "Ian P.King",
</td><td>  title = 	 "Endogenous Growth and Government Debt",
</td><td>  journal =	 "Southern Economic Journal",
</td><td>  year =	 1992,
</td><td>  volume =	 51,
</td><td>  number =	 1,
</td><td>  pages =	 "15--20"
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Article{robmun63po,
</td><td>  author = 	 {Robert A. Mundell},
</td><td>  title = 	 {Infltion and Real Interest},
</td><td>  journal = 	 po,
</td><td>  year = 	 1963,
</td><td>  volume =	 71,
</td><td>  pages =	 "280--283"
</td><td>}
</td><td>
</td><td>@Article{jealaf92eu,
</td><td>  author = 	 "Jean-Jaques Laffont and Jean Tirole",
</td><td>  title = 	 "Should Governments Commit?",
</td><td>  journal = 	 "European Economic Review",
</td><td>  year = 	 1992,
</td><td>  volume = 	 36,
</td><td>  pages = 	 "345--353"
</td><td>}
</td><td>
</td><td>@article{jesben94th,
</td><td>author={Jess Benhabib and Roberto Perli},
</td><td>title ={{Uniquenss and Indeterminancy: On the Dynamics
</td><td>         of Endogenous Growth}},
</td><td>journal={Journal of Economic Theory},
</td><td>volume =63,
</td><td>pages  ={113--142},
</td><td>year   =1994}
</td><td>
</td><td>@Unpublished{jesgai89aces,
</td><td>  author = 	 "Jessica Gaines and Ali al-Nowaihi and Paul Levine",
</td><td>  title = 	 "The ACES Package for One-Country
</td><td>		  Rational Expectations Models",
</td><td>  note = 	 "mimeo, Centre for Economic Forecasting, London
</td><td>		  Business School",
</td><td>  year =	 1989
</td><td>}
</td><td>
</td><td>@Unpublished{jesgai89opti,
</td><td>  author = 	 "Jessica Gaines and Paul Levine",
</td><td>  title = 	 "An Optimal Control Package for Multi-Country
</td><td>		  Rational Expections Models---Version I",
</td><td>  note = 	 "mimeo, Centre for Economic Forcasting, London
</td><td>		  Business School",
</td><td>  year =	 1989
</td><td>}
</td><td>
</td><td>@Article{jislee92ja,
</td><td>  author = 	 "Jisoon Lee",
</td><td>  title = 	 "Optimal Size and Compostion of Government Spending",
</td><td>  journal =	 "Journal of Japanese and International Economies",
</td><td>  year =	 1992,
</td><td>  volume =	 6,
</td><td>  pages =	 "423--439"
</td><td>}
</td><td>
</td><td>@article{kenarr62st,
</td><td>author ={Kenneth J. Arrow},
</td><td>title  ={{The Economic Implications of Learning by Doing}},
</td><td>journal={Review of Economic Studies},
</td><td>volume =39,
</td><td>pages  ={155--173},
</td><td>year   =1962}
</td><td>
</td><td>@Article{kenrog85ie,
</td><td>  author = 	 "Kenneth Rogoff",
</td><td>  title = 	 "Can International Monetary Policy Co-ordination
</td><td>		  be Counterproductive?",
</td><td>  journal =	 "Journal of International Economics",
</td><td>  year =	 1985,
</td><td>  volume =	 18,
</td><td>  pages =	 "199--217"
</td><td>}
</td><td>
</td><td>@Article{kenrog85qu,
</td><td>  author = 	 "Kenneth Rogoff",
</td><td>  title = 	 "The Optimal Degree of Commitment to an Intermediate
</td><td>		  Monetary Target",
</td><td>  journal =	 "Quarterly Journal of Economics",
</td><td>  year =	 1985,
</td><td>  volume =	 18,
</td><td>  pages =	 "199--217"
</td><td>}
</td><td>
</td><td>
</td><td>@article{keibla93sc,
</td><td>  author=        {Keith Blackburn and Morten Overgaard Ravn},
</td><td>  title =        {{Growth, Human Capital Spillovers and International
</td><td>                 Policy Coordination}},
</td><td>  journal=       sc,
</td><td>  volume =       95,
</td><td>  number=        4,
</td><td>  pages  =       {495--515},
</td><td>  year   =       1993}
</td><td>
</td><td>@Article{larhan82me,
</td><td>  author = 	 "Lars Peter Hansen and K.P. Singleton",
</td><td>  title = 	 "Generalized Instrumental Variables Estimation of
</td><td>		  Nonlinear Rational Expectations Model",
</td><td>  journal = 	 "Econometrica",
</td><td>  year = 	 1982,
</td><td>  volume = 	 50,
</td><td>  pages = 	 "1029--1054"
</td><td>}
</td><td>
</td><td>
</td><td>@Article{larjon92th,
</td><td>  author = 	 {Larry E. Jones and Rodolfo E. Manuelli},
</td><td>  title = 	 {Finite Lifetimes and Growth},
</td><td>  journal = 	 th,
</td><td>  year = 	 1992,
</td><td>  volume =	 58,
</td><td>  pages =	 {171--197}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{micbol92th,
</td><td>  author = 	 {Boldrin, Michele},          
</td><td>  title = 	 {Dynamic Externalities, Multiple Equilibria, and Growth},
</td><td>  journal = 	 th,
</td><td>  year = 	 1992,
</td><td>  volume =	 58,
</td><td>  pages =	 {198--218}
</td><td>}
</td><td>
</td><td>@Article{larjon93po,
</td><td>  author = 	 "Larry E. Jones and Rodolfo E. Manuelli and Peter E. Rossi",
</td><td>  title = 	 "Optimal Taxation in Models of Endogenous Growth",
</td><td>  journal =	 "Journal of Political Economy",
</td><td>  year =	 1993,
</td><td>  volume =	 101,
</td><td>  number = 	 3,
</td><td>  pages =	 "485--517"
</td><td>}
</td><td>
</td><td>@Article{malede94oe,
</td><td>  author = 	 "Malcolm Edley",
</td><td>  title = 	 "The Costs and Benefits of Moving from Low Inflation
</td><td>		  to Price Stability",
</td><td>  journal =	 "OECD Economics Studies",
</td><td>  year =	 1994,
</td><td>  volume =	 23,
</td><td>  month =	 "Winter",
</td><td>  pages =        "109--130"
</td><td>}
</td><td>
</td><td>@Unpublished{mauobs91dynamic,
</td><td>  author = 	 "Maurice Obstfeld",
</td><td>  title = 	 "Dynamic Seigniorage Theory",
</td><td>  note = 	 "CEPR Discussion Paper No. 519",
</td><td>  year =	 1991
</td><td>}
</td><td>
</td><td>@Article{mauobs95po,
</td><td>  author = 	 "Maurice Obstfeld and Kenneth Rogoff",
</td><td>  title = 	 "Exchange Rate Dynamix Redux",
</td><td>  journal =	 "Journal of Political Economy",
</td><td>  year =	 1995,
</td><td>  volume =	 103,
</td><td>  pages =	 "624--660"
</td><td>}
</td><td>
</td><td>@article{menyar65st,
</td><td>author ={Menachem Yaari},
</td><td>title  ={{Uncertain Lifetime, Life Insurance  and 
</td><td>         the Theory of the Consumer}},
</td><td>journal={Review of Economic Studies},
</td><td>volume =32,
</td><td>pages  ={137--150},
</td><td>year   =1965}
</td><td>
</td><td>@Unpublished{miansa95keynes,
</td><td>  author = 	 "M.I.Ansari and D.V.Gordon and C. Akuamoah",
</td><td>  title = 	 "Keynes versus Wagner: Public Expenditure and
</td><td>		  National Income for Three African Countries",
</td><td>  note = 	 "mimeo",
</td><td>  year =	 1995
</td><td>}
</td><td>
</td><td>@Article{micdev92in,
</td><td>  author = 	 "Micheal B. Devereux and Arman Mansoorian",
</td><td>  title = 	 "International Fiscal Policy Coordination and
</td><td>		  Economic Growth",
</td><td>  journal =	 "International Economic Review",
</td><td>  year =	 1992,
</td><td>  volume =	 33,
</td><td>  number =	 2,
</td><td>  pages =	 "249--268"
</td><td>}
</td><td>
</td><td>@article{micdev95mc,
</td><td>author ={Michael B. Devereux and David R.F. Love},
</td><td>title  ={{The Dynamics of Government Spending in a Two-Sector
</td><td>          Endogenous Growth Model}},
</td><td>journal={Journal of Money, Credit and Banking},
</td><td>volume =27,
</td><td>number=1,
</td><td>pages  ={232--256},
</td><td>year   =1995}
</td><td>
</td><td>@Article{miqfai95cb,
</td><td>  author = 	 "Miquel Faig",
</td><td>  title = 	 "Debt Restructuring and the Time Consistency of
</td><td>		  Optimal Policies",
</td><td>  journal =	 "Journal of Money, Credit and Banking",
</td><td>  volume =       27,
</td><td>  year =	 1995,
</td><td>  pages =	 "171--181"
</td><td>}
</td><td>
</td><td>
</td><td>@Article{nansto89am,
</td><td>  author = 	 "Nancy L. Stokey",
</td><td>  title = 	 "Repuation and Time-consistency",
</td><td>  journal = 	 "American Economic Review",
</td><td>  year = 	 1989,
</td><td>  volume = 	 79,
</td><td>  number = 	 2,
</td><td>  pages = 	 "134--139",
</td><td>}
</td><td>
</td><td>@Article{nansto91dc,
</td><td>  author = 	 "Nancy L. Stockey",
</td><td>  title = 	 "Credible Public Policy",
</td><td>  journal = 	 "Journal of Economic Dynamics and Control",
</td><td>  year = 	 1991,
</td><td>  volume = 	 15,
</td><td>  number = 	 4,
</td><td>  pages = 	 "627--656"
</td><td>}
</td><td>
</td><td>@Article{nansto95po,
</td><td>  author = 	 "Nancy L. Stockey and Sergio Rebelo",
</td><td>  title = 	 "Growth Effects of Flat-Rate Taxes",
</td><td>  journal =	 "Journal of Political Economy",
</td><td>  year =	 1995,
</td><td>  volume =	 103,
</td><td>  number =	 3,
</td><td>  pages =	 "519--550"
</td><td>}
</td><td>
</td><td>@Article{natlef93ky,
</td><td>  author = 	 "Nathaniel H. Leff and Kazuo Sato",
</td><td>  title = 	 "Homogenous Preferences and Heterogenous Growth
</td><td>		  Performance: International Evidence in Saving and
</td><td>		  Investment Behaviour",
</td><td>  journal =	 "Kyklos",
</td><td>  year =	 1993,
</td><td>  volume =	 46,
</td><td>  pages =	 "203--223"
</td><td>}
</td><td>
</td><td>@book{oecdst94flows,
</td><td>author={OECD},
</td><td>title={Flows and Stocks of Fixed Capital},
</td><td>publisher={Organisation for Economic Developement and Cooperation},
</td><td>year=1994}
</td><td>
</td><td>@book{oecdst97flows,
</td><td>author={OECD},
</td><td>title={Flows and Stocks of Fixed Capital},
</td><td>publisher={Organisation for Economic Developement and Cooperation},
</td><td>year=1997}
</td><td>
</td><td>@article{olibla85po,
</td><td>author ={Olivier J. Blanchard},
</td><td>title  ={{Debt, Deficits and Finite Horizons}},
</td><td>journal={Journal of Political Economy},
</td><td>volume =93,
</td><td>pages  ={223--247},
</td><td>year   =1985}
</td><td>
</td><td>@Article{olibla93qu,
</td><td>  author = 	 "Olivier Blanchard and Changyong Rhee and Lawrence Summers",
</td><td>  title = 	 "The Stock Market, Profit, and Investment",
</td><td>  journal =	 "Quarterly Journal of Economics",
</td><td>  year =	 1993,
</td><td>  volume =	 100,
</td><td>  number =	 2,
</td><td>  pages =	 "115--136"
</td><td>}
</td><td>
</td><td>@Article{paucas95im,
</td><td>  author = 	 "Paul Cashin",
</td><td>  title = 	 "Government Spending, Taxes and Economic Growth",
</td><td>  journal =	 "IMF Staff Papers",
</td><td>  year =	 1995,
</td><td>  volume =	 42,
</td><td>  number =	 2,
</td><td>  pages =        "237--269"
</td><td>}
</td><td>
</td><td>@Article{paulev93ms,
</td><td>  author = 	 "Paul L. Levine",
</td><td>  title = 	 "Fiscal Policy Coordination under E.M.U. and the Choice
</td><td>		  of Policy Instrument",
</td><td>  journal =	 "Manchester School",
</td><td>  year =	 1993,
</td><td>  volume =	 61,
</td><td>  pages =	 "1--12",
</td><td>}
</td><td>
</td><td>
</td><td>@Article{micdev94qu,
</td><td>  author = 	 {Michael B. Devereux and Berverly  J. Lapham},
</td><td>  title = 	 {The Stability of Economic Integration and Economic Growth},
</td><td>  journal = 	 qu,
</td><td>  year = 	 1994,
</td><td>  volume =	 109,
</td><td>  pages =	 {299--3051}
</td><td>}
</td><td>
</td><td>@Article{luiriv91qu,
</td><td>  author = 	 {Rivera-Batiz, Luis A. and Romer, Paul M.},
</td><td>  title = 	 {Economic Integration and Economic Growth},
</td><td>  journal = 	 qu,
</td><td>  year = 	 1991,
</td><td>  volume =	 106,
</td><td>  pages =	 {531--555}
</td><td>}
</td><td>
</td><td>@article{paurom86po,
</td><td>author ={Paul M. Romer},
</td><td>title  ={{Increasing Returns and Long-run Growth}},
</td><td>journal={Journal of Political Economy},
</td><td>volume =94,
</td><td>pages  ={1002--1037},
</td><td>year   =1986}
</td><td>
</td><td>@article{paurom89po,
</td><td>author ={Paul M. Romer},
</td><td>title  ={{Endogenous Technological Change}},
</td><td>journal={Journal of Political Economy},
</td><td>volume =98,
</td><td>pages  ={71--103},
</td><td>year   =1989
</td><td>}
</td><td>
</td><td>
</td><td>@Article{pausam48jo,
</td><td>  author = 	 "Paul A. Samuelson",
</td><td>  title = 	 "Factor Endowments and Relative Commodity Prices",
</td><td>  journal =	 "Economic Journal",
</td><td>  year =	 1948,
</td><td>  volume =	 58,
</td><td>  pages =	 "1--22"
</td><td>}
</td><td>
</td><td>@Article{petham93sc,
</td><td>  author = 	 "Peter J. Hammond and Andr\'es Rodr\'iguez-Clare",
</td><td>  title = 	 "On Endogenizing Long-run Growth",
</td><td>  journal = 	 "Scandinavian Journal of Economics",
</td><td>  year = 	 1993,
</td><td>  volume = 	 95,
</td><td>  number = 	 4,
</td><td>  pages = 	 "607--625"
</td><td>}
</td><td>
</td><td>@techreport{phiagi91,
</td><td>author={Phillippe Aghion and Peter Howitt},
</td><td>title ={{Growth and Unemployment}},
</td><td>institution={Centre for Economic Policy Research},
</td><td>type={Working Paper},
</td><td>number=577,
</td><td>year   =1991}
</td><td>
</td><td>@article{phiwei89pu,
</td><td>author ={Phillipe Weil},
</td><td>title  ={{Overlapping Generations of Infinitly Lived Agents}},
</td><td>journal={Journal of Public Economics},
</td><td>volume =38,
</td><td>pages  ={183--198},
</td><td>year   =1989}
</td><td>
</td><td>@Unpublished{raoaiy93expansionary,
</td><td>  author = 	 "Aiyagari, S. Roa",
</td><td>  title = 	 "Expansionary Effects of Fiscal Policy under Optimal
</td><td>		  Labour Taxation",
</td><td>  note = 	 "Federal Reserve Bank of Minneapolis Research
</td><td>		  Department Working Paper no 455",
</td><td>  year =	 1993
</td><td>}
</td><td>
</td><td>@Article{renstu90fe,
</td><td>  author = 	 "Ren\'e M. Stulz",
</td><td>  title = 	 "Managerial Discretion and Optimal Financing Policies",
</td><td>  journal =	 "Journal of Financial Economics",
</td><td>  year =	 1990,
</td><td>  volume =	 26,
</td><td>  pages =	 "3--27"
</td><td>}
</td><td>
</td><td>@Article{robbar83mo,
</td><td>  author = 	 "Robert J. Barro and David B. Gordon",
</td><td>  title = 	 "Rules, Discretion and Reputation in a Model of
</td><td>		  Monetary Policy",
</td><td>  journal =	 "Journal of Monetary Economics",
</td><td>  year =	 1983,
</td><td>  volume =	 12,
</td><td>  pages =	 "101--120"
</td><td>}
</td><td>
</td><td>@Article{robbar86mo,
</td><td>  author = 	 "Robert J. Barro",
</td><td>  title = 	 "Reputation in a Model of Monetary Policy with
</td><td>		  Incomplete Information",
</td><td>  journal =	 "Journal of Monetary Economics",
</td><td>  year =	 1986,
</td><td>  volume =	 17,
</td><td>  pages =	 "3--20"
</td><td>}
</td><td>
</td><td>@article{robbar90po,
</td><td>author={Robert J. Barro},
</td><td>title ={{Government Spending in a Simple Model of Endogenous Growth}},
</td><td>journal={Journal of Political Economy},
</td><td>number=5,
</td><td>volume =98,
</td><td>pages  ={103--125},
</td><td>year   =1990}
</td><td>
</td><td>@article{robbar91qu,
</td><td>author={Barro, Robert J.},
</td><td>title ={{Economic Growth in a Cross Section of Countries}},
</td><td>journal={Quarterly Journal of Economics},
</td><td>number=2,
</td><td>volume =98,
</td><td>pages  ={103--125},
</td><td>year   =1991}
</td><td>
</td><td>@Article{robbar92st,
</td><td>  author = 	 "Robert J. Barro and {Sala-i-Martin}, Xavier",
</td><td>  title = 	 "Public Finance in Models of Economic Growth",
</td><td>  journal =	 "Review of Economic Studies",
</td><td>  year =	 1992,
</td><td>  volume =	 59,
</td><td>  pages =	 "645--661"
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>
</td><td>@Book{robbar95economic,
</td><td>  author = 	 {Robert J. Barro and {Sala-i-Martin}, Xavier},
</td><td>  title = 	 {Economic Growth},
</td><td>  publisher = 	 {McGraw Hill},
</td><td>  year = 	 1995
</td><td>}
</td><td>
</td><td>@article{robluc83mo,
</td><td>author={Lucas, Jr, Robert E. and Nancy L. Stokey},
</td><td>title={{Optimal Fiscal and Monetary Policy in an Economy without Capital}},
</td><td>journal={Journal of Monetary Economics},
</td><td>volume =12,
</td><td>pages  ={55--93},
</td><td>year   =1983}
</td><td>
</td><td>@Article{robluc86mo,
</td><td>  author = 	 {Lucas, Jr, Robert E.},
</td><td>  title = 	 "Principles of Fiscal and Monetary Policy",
</td><td>  journal =	 "Journal of Monetary Economics",
</td><td>  year =	 1986,
</td><td>  volume =	 17,
</td><td>  pages =	 "117--134"
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>
</td><td>@InCollection{raoaya94economic,
</td><td>  author = 	 {S. Rao Aiyagari},
</td><td>  title = 	 {Economic Fluctuations without Shocks to
</td><td>                  Fundamentals; Or, Does the Stock Market Dance to Its
</td><td>                  Own Music?},
</td><td>  booktitle = 	 {The Rational Expectations Revolution},
</td><td>  crossref =	 {premil94rational},
</td><td>  publisher = 	 {MIT Press},
</td><td>  year =	 1994,
</td><td>  chapter = 	 19,
</td><td>  pages =	 {355--386}
</td><td>}
</td><td>
</td><td>
</td><td>@Book{premil94rational,
</td><td>  author = 	 {Preeston J. Miller},
</td><td>  title = 	 {The Rational Expectations Revolution},
</td><td>  publisher = 	 {MIT Press},
</td><td>  year = 	 1994,
</td><td>  address =	 {Cambridge (Mass)}
</td><td>}
</td><td>
</td><td>@unpublished{roebet95,
</td><td>author={Roel M. W. J. Beetsma and A. Lans Bovenberg},
</td><td>title ={{Does Monetary Unification Lead to Excessive Debt Accumulation?}},
</td><td>note={mimeo, University of Limburg},
</td><td>month = July,
</td><td>year   =1995}
</td><td>
</td><td>@Article{ronjon56st,
</td><td>  author = 	 "Ronald W. Jones",
</td><td>  title = 	 "Factor proportions and the Heckscher-Ohlin theorem",
</td><td>  journal =	 "Review of Economic Studies",
</td><td>  year =	 "1956-1957",
</td><td>  volume =	 24,
</td><td>  pages =	 "1--10"
</td><td>}
</td><td>
</td><td>
</td><td>@Article{ronjon65po,
</td><td>  author = 	 "Ronald W. Jones",
</td><td>  title = 	 "The Structure of Simple General Equilibrium Models",
</td><td>  journal =	 "Journal of Political Economy",
</td><td>  year =	 1965,
</td><td>  volume =	 73,
</td><td>  pages =	 "557--572"
</td><td>}
</td><td>
</td><td>@article{saulau95le,
</td><td>author={Sau-Him Paul Lau},
</td><td>title ={{Welfare-maximising vs. Growth-maximising Shares of
</td><td>       Government Investment and Consumption}},
</td><td>journal={Economics Letters},
</td><td>volume =47,
</td><td>pages  ={351--359},
</td><td>year   =1995}
</td><td>
</td><td>@Article{stecas95dc,
</td><td>  author = 	 "Stephen P. Cassous",
</td><td>  title = 	 "imal Tax Rules in a Dynamic Stochastic Economy
</td><td>		  with Capital",
</td><td>  journal = 	 "Journal of Economic Dynamics and Control",
</td><td>  year = 	 1995,
</td><td>  volume = 	 19,
</td><td>  pages = 	 "1165--1197"
</td><td>}
</td><td>
</td><td>@article{stelin94ap,
</td><td>author={Steven A. Y. Lin},
</td><td>title ={{Government Spending and Economic Growth}},
</td><td>journal={Applied Economics},
</td><td>volume =26,
</td><td>pages  ={83--94},
</td><td>year   =1994}
</td><td>
</td><td>@article{stetur95dc,
</td><td>author={Stephen J. Turnovsky and Walter H. Fisher},
</td><td>title ={{The Composition of Government Expenditure
</td><td>         and its Consequences for Macroeconomic Performance}},
</td><td>journal={Journal of Economic Dynamics and Control},
</td><td>volume =19,
</td><td>pages  ={747--786},
</td><td>year   =1995}
</td><td>
</td><td>@Unpublished{thokri94fisc,
</td><td>  author = 	 "Thomas Krichel and Joseph Pearlman and Paul Levine",
</td><td>  title = 	 "Fiscal and Monetary Policy in a Monetary Union:
</td><td>		  Credible Inflation Targets or Monetised Debt",
</td><td>  note =	 "forthcoming in Weltwirtschafliches Archiv 1996",
</td><td>  year =	 1994,
</td><td>}
</td><td>
</td><td>@Unpublished{thokri96does,
</td><td>  author = 	 "Thomas Krichel and Paul L. Levine",
</td><td>  title = 	 "Does Precommitment Raise Growth? 
</td><td>                  Dynamic Aspects of Growth and Fiscal Policy",
</td><td>  note = 	 "University of Surrey discussion paper, RePEc:sur:surrec:9601",
</td><td>  year =	 1996
</td><td>}
</td><td>
</td><td>@Article{thokri96wa,
</td><td>  author = 	 "Thomas Krichel and Joseph Pearlman and Paul Levine",
</td><td>  title = 	 "Fiscal and Monetary Policy in a Monetary Union:
</td><td>		  Credible Inflation Targets or Monetised Debt",
</td><td>  journal =	 "Weltwirtschaftliches Archiv",
</td><td>  year =	 1996,
</td><td>  volume =	 132,
</td><td>  number =	 1
</td><td>}
</td><td>
</td><td>
</td><td>@Article{thorib55om,
</td><td>  author = 	 "Thomas M. Rybczynsky",
</td><td>  title = 	 "Factor Endowment and Relative Commodity Prices",
</td><td>  journal =	 "Economica",
</td><td>  year =	 1955,
</td><td>  volume =	 22,
</td><td>  pages =	 "336-341"
</td><td>}
</td><td>
</td><td>@Article{thosar81mi,
</td><td>  author = 	 "Thomas J. Sargent and Neil Wallace",
</td><td>  title = 	 "Some Unpleasant Monetarist Arythmetic",
</td><td>  journal =	 "Federal Reserve Bank of Minneapolis Quarterly Review",
</td><td>  year =	 1981,
</td><td>  volume =	 5,
</td><td>  number =	 3,
</td><td>  pages =	 "1--17"
</td><td>}
</td><td>
</td><td>@Article{torper89qu,
</td><td>  author = 	 "Torsten Persson and Lars E. O. Svensson",
</td><td>  title = 	 "Why a Stubborn Conserative would run a Deficit:
</td><td>		  Policy with Time-Inconsistent Preferences",
</td><td>  journal =	 "Quarterly Journal of Economics",
</td><td>  year =	 1989,
</td><td>  volume =	 104,
</td><td>  pages =	 "325--345"
</td><td>}
</td><td>
</td><td>@techreport{tuljap94,
</td><td>author={Tulio Jappelli and Andrea Ripa di Meana},
</td><td>title ={{Public Investment and Welfare: Theory and Empirical
</td><td>        Implications}},
</td><td>institution={Centre for Economic Policy Research},
</td><td>type={Discussion Paper},
</td><td>number=887,
</td><td>year   =1994}
</td><td>
</td><td>
</td><td>@Article{vinswa93pf,
</td><td>  author = 	 "Vinaya Swadroop",
</td><td>  title = 	 "Optimal Fiscal Policy: Theory and Evidence",
</td><td>  journal = 	 "Public Finance---Finances Publiques",
</td><td>  year = 	 1993,
</td><td>  volume = 	 48,
</td><td>  number = 	 3,
</td><td>  pages = 	 "448--469"
</td><td>}
</td><td>
</td><td>
</td><td>@Article{vvchar93th,
</td><td>  author = 	 "V.V. Chari and Patric Kehoe",
</td><td>  title = 	 "Sustainable Plans and Debt",
</td><td>  journal = 	 "Journal of Economic Theory",
</td><td>  year = 	 1993,
</td><td>  volume = 	 61,
</td><td>  number = 	 2,
</td><td>  pages = 	 "230--261"
</td><td>}
</td><td>
</td><td>@Article{vvchar94po,
</td><td>  author = 	 "V.V. Chari, Lawrence J. Christiano and Patrick J. Kehoe",
</td><td>  title = 	 "Optimal Fiscal Policy in a Business Cycle Model",
</td><td>  journal =	 "Journal of Political Economy",
</td><td>  year =	 1994,
</td><td>  volume =	 102,
</td><td>  number = 	 4,
</td><td>  pages =	 "617--652"
</td><td>}
</td><td>
</td><td>@Article{w__sto41st,
</td><td>  author = 	 "Stolper, W.F. and Paul A. Samuelson",
</td><td>  title = 	 "Protection and Real Wages",
</td><td>  journal =	 "Review of Economic Studies",
</td><td>  year =	 1941,
</td><td>  volume =	 9,
</td><td>  pages =	 "58--73"
</td><td>}
</td><td>
</td><td>@TechReport{wilbui90debts,
</td><td>  author = 	 "Willem H. Buiter and U. R. Patel",
</td><td>  title = 	 "Debts, Deficits and Inflation: an Application to the
</td><td>		  Public Finances of India",
</td><td>  institution =  "Centre for Economic Policy Research",
</td><td>  year = 	 1990,
</td><td>  type = 	 "Discussion Paper",
</td><td>  number = 	 408,
</td><td>}
</td><td>
</td><td>
</td><td>@article{wilbui93sc,
</td><td>author={Willem H. Buiter and Kenneth M. Kletzer},
</td><td>title ={{Permanent International Productivity Growth Differentials
</td><td>         in an Integrated Global Economy}},
</td><td>journal={Scandinavian Journal of Economics},
</td><td>volume =95,
</td><td>number=4,
</td><td>pages  ={467--493},
</td><td>year   =1993}
</td><td>
</td><td>@techreport{wilbui94savings,
</td><td>author={Willem H. Buiter},
</td><td>title ={{Savings and Endogenous Growth: a Survey of Theory and Policy}},
</td><td>institution={Centre for Economic Policy Research},
</td><td>type={Working Paper},
</td><td>number=606,
</td><td>year   =1991}
</td><td>
</td><td>@Article{xiazhu92th,
</td><td>  author = 	 "Xiaodong Zhu",
</td><td>  title = 	 "Optimal Fiscal Policy in a Stochastic Growth Model",
</td><td>  journal =	 "Journal of Economic Theory",
</td><td>  year =	 1992,
</td><td>  volume =	 38,
</td><td>  pages =	 "250--289"
</td><td>}
</td><td>
</td><td>
</td><td>@Article{aripak94ra,
</td><td>  author = 	 "Ariel Pakes and Paul McGuire",
</td><td>  title = 	 "Computing Markov-perfect Nash Equilibria: Numerical
</td><td>		  Implications of a Dynamic Differentiated Product Model",
</td><td>  journal =	 "Rand Journal of Economics",
</td><td>  year =	 1994,
</td><td>  volume =	 25,
</td><td>  number =	 4,
</td><td>  month =	 "555--589"
</td><td>}
</td><td>
</td><td>@Article{vvchar95mi,
</td><td>  author = 	 "Chari, V.V. and  Larry E. Jones and Rodolfo E. Manuelli",
</td><td>  title = 	 "The Growth Effects of Monetary Policy",
</td><td>  journal =	 "Federal Reserve Bank of Minneapolis Quaterly Review",
</td><td>  year =	 1994,
</td><td>  volume =	 19,
</td><td>  number =	 4,
</td><td>  pages =	 "18--32"
</td><td>}
</td><td>
</td><td>@Unpublished{torper96monetary,
</td><td>  author = 	 "Torsten Persons and Guido Tabellini",
</td><td>  title = 	 "Monetary Cohabiation in Europe",
</td><td>  year = 	 1996,
</td><td>  note = 	 "CEPR Discussion Paper No. 130"
</td><td>}
</td><td>
</td><td>
</td><td>@Unpublished{willbui95macrcoeconmic,
</td><td>  author = 	 "Willem Buiter",
</td><td>  title = 	 "Macroeconomic Policy During a Transition to Monetary Union",
</td><td>  note = 	 "CEPR Discussion Paper No 1222",
</td><td>  year =	 1995
</td><td>}
</td><td>
</td><td>@Unpublished{kritsu96government,
</td><td>  author = 	 "Christopher Tsoukis",
</td><td>  title = 	 "The Government Budget Constraint and Crowding Out in
</td><td>		  a Small Open Economy",
</td><td>  note = 	 "mimeo, University of Hull",
</td><td>  year =	 1996
</td><td>}
</td><td>
</td><td>@Article{thoswa56re,
</td><td>  author = 	 "Trevor Swan",
</td><td>  title = 	 "Economic Growth and Capital Accumulation",
</td><td>  journal =	 "Economic Record",
</td><td>  volume =	 22,
</td><td>  year = 	 1956,
</td><td>  pages =	 "334--361"
</td><td>}
</td><td>
</td><td>@Article{robsol56qu,
</td><td>  author = 	 "Robert M. Solow",
</td><td>  title = 	 "A Contribution to the Theory of Economic Growth",
</td><td>  journal =	 "Quarterly Journal of Economics",
</td><td>  year =	 1956,
</td><td>  volume =	 70,
</td><td>  pages =	 "65--94"
</td><td>}
</td><td>
</td><td>
</td><td>@Article{howzee94pf,
</td><td>  author = 	 {Howell H. Zee},
</td><td>  title = 	 {Time-Consistent Optimal Intertermporal Taxation in
</td><td>                  Externally-Indebted Economies},
</td><td>  journal = 	 pf,
</td><td>  year = 	 1994,
</td><td>  volume =       49,
</td><td>  number =	 1,
</td><td>  pages =	 {113--125}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{tergar96es,
</td><td>  author = 	 {Teresa Garcia-Mila  and Therese J. McGuire and  and Robert H. Porter},
</td><td>  title = 	 {The Effect of Public Capital in State-Level Production Function Reconsidered},
</td><td>  journal = 	 es,
</td><td>  year = 	 1996,
</td><td>  volume =	 78,
</td><td>  number =	 5
</td><td>}
</td><td>
</td><td>@Article{tergar96es,
</td><td>  author = 	 {Narayana Kocherlakota and Kei-Mu Yi and  Robert H. Porter },
</td><td>  title = 	 {The Effect of Public Capital in State-Level
</td><td>                  Production Function Reconsidered},
</td><td>  journal = 	 es,
</td><td>  year = 	 1996,
</td><td>  volume =	 78,
</td><td>  number =	 5
</td><td>}
</td><td>
</td><td>
</td><td>@Article{phimic96vu,
</td><td>  author = 	 {Philippe Michel and Alain Venditti},
</td><td>  title = 	 {Croissance optimale et cycles dans le mod\`ele \`a
</td><td>                  g\'en\'erations imbriqu\'ees},
</td><td>  journal = 	 vu,
</td><td>  year = 	 1996,
</td><td>  volume =	 47,
</td><td>  number =	 2,
</td><td>  pages =	 {487--497}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{phiwei,
</td><td>  author = 	 {Philippe Weil},
</td><td>  title = 	 {Confidence and thge Real Value of Money in an
</td><td>                  Overlapping Generations Economy},
</td><td>  journal = 	 qu,
</td><td>  year = 	 1987,
</td><td>  volume =	 102,
</td><td>  number =	 1,
</td><td>  pages =	 {1--22}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{guecal88am,
</td><td>  author = 	 {Guillermo A. Calvo},
</td><td>  title = 	 {Servicing the Public Debt: the R\^ole of Expectations},
</td><td>  journal = 	 am,
</td><td>  volume =	 78,
</td><td>  number =	 3,
</td><td>  year = 	 1988,
</td><td>  pages =	 {647--661}
</td><td>}
</td><td>
</td><td>@Article{jerbur89am,
</td><td>  author = 	 {Jeremy Bulow and Kenneth Rogoff},
</td><td>  title = 	 {Sovereign Public Debt: Is to Forgive to Forget?},
</td><td>  journal = 	 am,
</td><td>  volume =	 79,
</td><td>  number =	 1,
</td><td>  pages =	 {43--50},
</td><td>  year = 	 1989
</td><td>}
</td><td>
</td><td>@Article{robbar74po,
</td><td>  author = 	 {Robert J. Barro},
</td><td>  title = 	 {Are Government Bonds Net Wealth},
</td><td>  journal = 	 po,
</td><td>  year = 	 1974,
</td><td>  volume =	 82,
</td><td>  pages =	 {1095--1117}
</td><td>}
</td><td>
</td><td>@Article{robbar79po,
</td><td>  author = 	 {Robert J. Barro},
</td><td>  title = 	 {On the Determination of the Public Debt},
</td><td>  journal = 	 po,
</td><td>  year = 	 1979,
</td><td>  volume =	 87,
</td><td>  pages =	 {940--971}
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Article{greman87mo,
</td><td>  author = 	 {N. Gregroy Mankiw},
</td><td>  title = 	 {On the Optimal Collection of Seigniorage: 
</td><td>                    Theory and Evidence},
</td><td>  journal = 	 mo,
</td><td>  year = 	 1987,
</td><td>  volume =       20,
</td><td>  pages =	 {327--341}
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>%
</td><td>% migration
</td><td>%
</td><td>
</td><td>@Article{arvpan81am,
</td><td>  author = 	 {Arvind Panagariya},
</td><td>  title = 	 {Variable Returns to Scale in Production and Patterns of
</td><td>Specialization},
</td><td>  journal = 	 am,
</td><td>  year = 	 1981,
</td><td>  volume =	 71,
</td><td>  pages =	 {221--230}
</td><td>}
</td><td>
</td><td>@Article{petsch84ep,
</td><td>  author = 	 {Peter Schaeffer},
</td><td>  title = 	 {Barriers and Forsight in International Labour Migration},
</td><td>  journal = 	 {Environment and Planning A},
</td><td>  year = 	 1984,
</td><td>  volume =	 16,
</td><td>  pages =	 {451--466}
</td><td>}
</td><td>
</td><td>@Book{ahlish85indian,
</td><td>  author = 	 {Ahluwalia, Isher},
</td><td>  title = 	 {Indian Industrial Performance},
</td><td>  publisher = 	 {Oxford University Press},
</td><td>  year = 	 1985,
</td><td>  address =	 {Delhi}
</td><td>}
</td><td>
</td><td>@Article{geoalg88ep,
</td><td>  author = 	 {Alogoskoufis, George and Manning, Allan},
</td><td>  title = 	 {On the Persistence of Unemployment},
</td><td>  journal = 	 {Economic Policy},
</td><td>  year = 	 1988,
</td><td>  volume =	 7,
</td><td>  pages =	 {427--469}
</td><td>}
</td><td>
</td><td>
</td><td>@Unpublished{anegeh92mass,
</td><td>  author = 	 {Gehrig, Annette and  Schmidt, Christoph M. and Klaus F. Zimmermann},
</td><td>  title = 	 {Mass Migration, Unions and Fiscal Migration Policy},
</td><td>  note = 	 {mimeo, Universtit\"at M\"unchen},
</td><td>  year =	 1992
</td><td>}
</td><td>
</td><td>@Unpublished{thostr92towards,
</td><td>  author = 	 {Straubhaar, Thomas and Klaus F. Zimmermann},
</td><td>  title = 	 {Towards a European Migration Policy},
</td><td>  note = 	 {CEPR Discussion Paper No.641},
</td><td>  year =	 1992
</td><td>}
</td><td>
</td><td>@Book{riclay91unemployment,
</td><td>  author = 	 {Layard, Richard and Nickell, Stephen and Jackman,  Robert },
</td><td>  title = 	 {Unemployment},
</td><td>  publisher = 	 {Oxford University Press},
</td><td>  year = 	 1991,
</td><td>  address =	 {New York}
</td><td>}
</td><td>
</td><td>@Unpublished{micbur92trade,
</td><td>  author = 	 {Burda, Micheal. and Michael Funke},
</td><td>  title = 	 {Trade Unions,Wages and Structural Adjustment in the New German States},
</td><td>  note = 	 {CEPR Discussion Paper No. 1092},
</td><td>  year =	 1992
</td><td>}
</td><td>
</td><td>@Unpublished{micbur91human,
</td><td>  author = 	 {Burda, Michael and Wyplosz, Charles},
</td><td>  title = 	 {Human Capital Investment and Migration in an Integrated Europe},
</td><td>  note = 	 {CEPR Discussion Paper No.~qq614},
</td><td>  year =	 1991
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Book{guspap88indian,
</td><td>  editor = 	 {Lucas, Robert E.B. and Papanek, Gustav F.},
</td><td>  title = 	 {The Indian Economy},
</td><td>  publisher = 	 {Oxford University Press},
</td><td>  year = 	 1988
</td><td>}
</td><td>
</td><td>@Article{jagbha74am,
</td><td>  author = 	 {Bhagwati, Jagdish and Srinivasan, T. N.},
</td><td>  title = 	 {On Re-Analysing the Harris-Todaro Model: Policy Ranking in the Case of Sector Specific Sticky Wages},
</td><td>  journal = 	 am,
</td><td>  year = 	 1974,
</td><td>  volume =	 64,
</td><td>  pages =	 {502--508}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{obluc88mo,
</td><td>  author = 	 {Lucas, Robert E.},
</td><td>  title = 	 {On the Mechanics of Economic Development},
</td><td>  journal = 	 mo,
</td><td>  year = 	 1988,
</td><td>  volume =	 17,
</td><td>  pages =	 {3--42}
</td><td>}
</td><td>
</td><td>
</td><td>@Book{govind91economic,
</td><td>  author = 	 {{Government of India}},
</td><td>  title = 	 {Economic Survey},
</td><td>  publisher = 	 {C.S.O.},
</td><td>  year = 	 1991,
</td><td>  address =	 {Delhi}
</td><td>}
</td><td>
</td><td>
</td><td>@Book{govind91statistical,
</td><td>  author = 	 {{Government of India}},
</td><td>  title = 	 {Statistical Abstract},
</td><td>  publisher = 	 {C.S.O.},
</td><td>  year = 	 1991,
</td><td>  address =	 {Delhi}
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Article{jonhar70am,
</td><td>  author = 	 {Harris, John R. and Michael P. Todaro},
</td><td>  title = 	 {Migration, Unemployment and Development},
</td><td>  journal = 	 am,
</td><td>  year = 	 1970,
</td><td>  volume =	 60,
</td><td>  pages =	 {126--144}
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Article{odesta90ur,
</td><td>  author = 	 {Vibhooti Shukla and Oded Stark},
</td><td>  title = 	 {Policy Comparisons with an Agglomeration
</td><td> Effects Augmented Dual Economy Model},
</td><td>  journal = 	 ur,
</td><td>  volume =       27,
</td><td>  year = 	 1990,
</td><td>  pages =	 {1-27}
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Book{odesta91migration,
</td><td>  author = 	 {Oded Stark},
</td><td>  title = 	 {The Migration of Labour},
</td><td>  publisher = 	 {Blackwell},
</td><td>  year = 	 1991,
</td><td>  address =	 {Oxford}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{mictod69am,
</td><td>  author = 	 {Micheal P. Todaro},
</td><td>  title = 	 {A Model of Labour Migration and Urban Unemployment
</td><td> in Less Developed Countries},
</td><td>  journal = 	 am,
</td><td>  year = 	 1969,
</td><td>  volume =	 59,
</td><td>  pages =	 {138--48}
</td><td>}
</td><td>
</td><td>
</td><td>@Book{worban888990world,
</td><td>  author = 	 {{World Bank}},
</td><td>  title = 	 {World Development Reports},
</td><td>  publisher = 	 {Oxford University Press},
</td><td>  year = 	 {1988, 1989, 1990},
</td><td>  address =	 {New York / Oxford}
</td><td>}
</td><td>
</td><td>@InCollection{guspap88poverty,
</td><td>  author = 	 {Papanek, Gustav. F.},
</td><td>  title = 	 {Poverty in India},
</td><td>  booktitle = 	 {in \citeN{guspap88indian}},
</td><td>  crossref =	 {guspap88indian}
</td><td>}
</td><td>
</td><td>
</td><td>@Article{narkoc96es,
</td><td>  author = 	 {Kocherlakota, Naranya R and  Yi, Kim M},
</td><td>  title = 	 {A simple time series test of endogenous vs exogenous growth models: An application to the United States},
</td><td>  journal = 	 {Review of Economics and Statistics},
</td><td>  year = 	 1996,
</td><td>  volume =	 78,
</td><td>  number =	 1,
</td><td>  pages =	 {126--134}
</td><td>}
</td><td>
</td><td>
</td><td>
</td><td>@Article{chajon95qu,
</td><td>  author = 	 {Jones, Charles I.},
</td><td>  title = 	 {Time-series Tests of Endogenous Growth-models},
</td><td>  journal = 	 {Quarterly Journal of Economics},
</td><td>  year = 	 1995,
</td><td>  volume =	 110,
</td><td>  number =	 2,
</td><td>  pages =	 {495--525}
</td><td>}
</td><td>
</td><td>
</td><td>
