Conference jointly sponsored with CEPR. The program was prepared by professor Albert Marcet (UPF). Financial support was obtained from the Spanish Ministerio de Ciencia y Tecnología and from the Generalitat de Catalunya.
The conference provided a forum for new research on macroeconomics of open economies and brought together leading experts in the field of fiscal policy. There were presented fourteen papers and covered topics such as models of fiscal policy, optimal taxation, empirical evidence on the effects of fiscal policy, distributive issues of taxation and interdependence of monetary and fiscal policy.
Incomplete Interregional Risk Sharing with Complete Markets
by Marco Celentani, J. Ignacio Conde Ruíz and Klaus Desmet
Maastricht's Fiscal Rules at Ten: An Assessment
by Marco Buti and Gabriele Giudice
Optimal Fiscal and Monetary Policy Under Sticky Prices
by Stephanie Schmitt-Grohe and Martin Uribe
Optimal Progressive Capital Income Taxes in The Infinite Horizon Model
by Emmanuel Saez
Time-Consistent Public Expenditures
by Paul Klein, Per Krusell and José-Víctor Ríos-Rull
On debt optimality under borrowing constraints
by M. Rostagno, J.J. Pérez and P. Hiebert
The Case for Restricting Fiscal Policy Discretion
by Antonio Fatás and Ilian Mihov
On the Taxation of Human Capital
by Lary E. Jones and Rodolfo E. Manuelli
Policy Interaction, Learning and the Fiscal Theory of Prices
by George W. Evans and Seppo Honkapohja
Public saving and policy coordination in aging economies
by Martin Floden
Business Cycles with Heterogeneous Agents
by Roger E. A. Farmer
Nominal Debt as a Burden on Monetary Policy
by Javier Diaz-Gimenez, Giorgia Giovannetti, Ramon Marimon and Pedro Teles
Optimal Fiscal and Monetary Policy: Equivalence Results
by Isabel Correia and Pedro Teles