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REFERENCES

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Bruce, Neil, and Stephen J. Turnovsky, 1999, “Budget Balance, Welfare, and the Growth Rate: “Dynamic Scoring” of the Long-Run Government Budget,” Journal of Money, Credit and Banking 31 (2), pp. 162-186.

Calvo, Guillermo A., 1983, “Staggered Prices in a Utility Maximizing Framework,” Journal of Monetary Economics 12, pp. 383–398.

Corsetti, Giancarlo, and Paolo Pesenti, 2001, “Welfare and Macroeconomic Interdependence,” Quarterly Journal of Economics 116, pp. 421–446.

Corsetti, Giancarlo, 2007, “New Open Economy Macroeconomics,” European University Institute Working Papers, Robert Schuman Center for Advanced Studies 2007/27.

Coutinho, Leonor, 2005, “Fiscal Policy in the New Open Economy Macroeconomics and Prospect for Fiscal Policy Coordination,” Journal of Economic Surveys 19, pp. 789– 822.

Frenkel, Jacob A., and Assaf Razin, 1989, “International Effects of Tax Reforms,” The Economic Journal 99, pp. 38-58.

Ireland, Peter, 1994, “Supply-side Economics and Endogenous Growth,” Journal of Monetary Economics 33, pp. 559-571.

Keen, Michael, Kim, Yitae, and Ricardo Varsano, 2006, “The “Flat Tax(es)”: Principles and Evidence,” IMF Working Paper 06/218 (Washington: International Monetary Fund).

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