This paper reviews the arguments for and against the ‘Stability and Growth Pact’ signed by the countries of the Euro area. We find the theoretical debate to be inconclusive, as both externality and credibility arguments can be used to yield opposite, and equally plausible conclusions. We...

This paper reviews the arguments for and against the ‘Stability and Growth Pact’ signed by the countries of the Euro area. We find the theoretical debate to be inconclusive, as both externality and credibility arguments can be used to yield opposite, and equally plausible conclusions. We...

La créativité, les compétences et la présence des réseaux sociaux sont considérés comme les principaux facteurs de l’émergence d’une innovation. La pérennité d’une politique d’innovation dépend donc de la mise en place d’un système destiné à favoriser la créativité, la...

We alter who gets the last word on the outcome in three different types of trust games: the first mover, the second mover, or, a committee comprised of first and second movers. The committee functions in a manner similar to a peer review process, in which experienced subjects pass judgment on...

A conjecture of Laffer, which had considerable influence on fiscal doctrine, is that tax revenues of a Leviathan state eventually decrease when the tax rate exceeds a threshold value. We conduct a real effort experiment, in which a worker is matched with a non-working partner, to elicit the...

It is part of the ILO functions to produce the legal labor standards intended to be ratified and applied by all countries. These labor standards form the subject of critical reviews in the case of open economies, but they remain an essential base to the improvement of labor market conditions,...