【行业研报】国际清算银行-全球公共产品、财政政策协调和世界经济中的福利（英）-2023.6_市场营销.docxVIP

PAGE PAGE 34 Global Public Goods, Fiscal Policy Coordination, and Welfare in the World Economy Pierre-Richard Agénor? Luiz A. Pereira da Silva?? Abstract A two-region endogenous growth model of the world economy with local and global public goods is used to study strategic interactions between national fiscal authorities. Distortionary levies are used to finance infrastructure investment at home and to generate resources that are transferred to a global public fund for the production of vaccines, which contribute to individual health in both re- gions. While the global public good is nonexc