@techreport{Siebert1997Disziplinierung,
abstract = {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.},
address = {Kiel},
author = {Horst Siebert},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F00; H1; 330; Wirtschaftspolitik; Standortwettbewerb; Internationale Kapitalmobilit\"{a}t; Institutioneller Wettbewerb; Theorie; Welt},
language = {ger},
number = {832},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Disziplinierung der nationalen Wirtschaftspolitik : durch die internationale Kapitalmobilit\"{a}t},
type = {Kiel Working Papers},
url = {http://hdl.handle.net/10419/983},
year = {1997}
}
