WorldCat Identities

Buiter, Willem H. 1949-

Overview
Works: 298 works in 1,754 publications in 1 language and 10,130 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Editor, Other, Thesis advisor
Publication Timeline
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Most widely held works by Willem H Buiter
International economic policy coordination by Willem H Buiter( Book )

21 editions published between 1984 and 1986 in English and held by 517 WorldCat member libraries worldwide

Principles of budgetary and financial policy by Willem H Buiter( Book )

19 editions published between 1989 and 2004 in English and held by 462 WorldCat member libraries worldwide

Financial markets and European monetary cooperation : the lessons of the 1992-93 exchange rate mechanism crisis by Willem H Buiter( Book )

26 editions published between 1997 and 2010 in English and held by 377 WorldCat member libraries worldwide

The authors first sketch the history of monetary cooperation in Europe from Bretton Woods to Maastricht. A step-by-step account of the 1992-93 events follows, including a discussion of the extent to which financial markets anticipated the crisis. A survey of the recent literature on the subject introduces the authors' center-periphery model of currency crisis. The authors argue that the vulnerability of Europe to financial crisis was - and still is - the result of the lack of concern with the systemic dimensions of monetary policy-making, both in terms of the international spillovers of domestic policies and the strategic interaction among monetary authorities
Macroeconomic theory and stabilization policy by Willem H Buiter( Book )

18 editions published between 1989 and 1992 in English and held by 353 WorldCat member libraries worldwide

International macroeconomics by Willem H Buiter( Book )

17 editions published between 1990 and 1991 in English and held by 338 WorldCat member libraries worldwide

Budgetary policy, international and intertemporal trade in the global economy by Willem H Buiter( Book )

12 editions published between 1989 and 1991 in English and held by 243 WorldCat member libraries worldwide

Liquidity traps : how to avoid them and how to escape them by Willem H Buiter( Book )

34 editions published between 1999 and 2000 in English and held by 115 WorldCat member libraries worldwide

The paper considers ways of avoiding a liquidity trap and ways of getting out of one. Unless lower short nominal interest rates are associated with significantly lower interest volatility, a lower average rate of inflation, which will be associated with lower expected nominal interest rates, increases the odds that the zero nominal interest rate floor will become a binding constraint. The empirical evidence on this issue is mixed. Once in a liquidity trap, there are two means of escape. The first is to use expansionary fiscal policy. The second is to lower the zero nominal interest rate floor. This second option involves paying negative interest on government 'bearer bonds' -- coin and currency, that is 'taxing money', as advocated by Gesell. This would also reduce the likelihood of ending up in a liquidity trap. Taxing currency amounts to having periodic 'currency reforms', that is, compulsory conversions of 'old' currency into 'new' currency, say by stamping currency. The terms of the conversion can be set to achieve any positive or negative interest rate on currency. There are likely to be significant shoe leather costs associated with such schemes. The policy question then becomes how much shoe leather it takes to fill an output gap? Finally the paper develops a simple analytical model showing how the economy can get into a liquidity trap and how Gesell money is one way of avoiding it or escaping from it
Temporary equilibrium and long-run equilibrium by Willem H Buiter( Book )

18 editions published between 1975 and 2015 in English and held by 93 WorldCat member libraries worldwide

This title, first published in 1979, presents the Ph. D. thesis of the world-renowned economist and financial expert, Willem Buiter. In Part I, three alternative specifications of temporary equilibria in asset markets, including their implications for macroeconomic models, are discussed; Part II examines the long-term implications of some short-term macroeconomic models. The analysis of the theoretical foundations of 'direct crowding out' and 'indirect crowding out' is particularly prominent, with the result that a synthesis of short-term macroeconomic analysis and long-term growth theory is
The fallacy of the fiscal theory of the price level, again by Willem H Buiter( Book )

5 editions published in 2000 in English and held by 23 WorldCat member libraries worldwide

The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget constraint must hold identically, that is for all admissible values of the variables entering the budget constraint. Accordingly, if the government is to meet its contractual debt obligations, one of its instruments must be determinded residually to ensure the budget constraint is satisfied. If the government overdetermines its fiscal-financial-monetary policy programme, contractual debt obligations will not be met. The FTPL asserts that even when the government overdetermines its policy programme, contractual debt obligations will always be met. The general price level plays the role of a default premium or discount. The paper shows that the FTPL is a fallacy and leads to anomalies and contradictions
 
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Audience level: 0.66 (from 0.61 for Principles ... to 0.90 for The fallac ...)

International economic policy coordination
Alternative Names
Buiter, W. 1949-

Buiter, W.H., 1949-

Buiter, W. (Willem H.), 1949-

Buiter, Willem.

Buiter, Willem 1949-

Buiter, Willem H.

Buiter, Willem H. 1949-

Buiter, Willem Hendrik

Buiter, Willem Hendrik 1949-

Willem Buiter ahli ékonomi Amérika-Inggris katurunan Walanda

Willem Buiter Dutch economist

Willem Buiter economista neerlandés

Willem Buiter économiste néerlandais

Willem Buiter Nederlands econoom

Willem Buiter nederländsk ekonom

Willem Buiter nederlandsk økonom

威廉姆·位元

威廉姆·比特

Languages
English (170)

Covers
Principles of budgetary and financial policyFinancial markets and European monetary cooperation : the lessons of the 1992-93 exchange rate mechanism crisis