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How free trade can help convert the 'Arab Spring' into permanent peace and democracy

Thorvaldur Gylfason; Martínez, Inmaculada; Wijkman, … - 2012

Since Jean Monnet conceived the Coal and Steel Community, free trade has successfully prevented serious conflicts in Europe between democratically governed States with market economies. After six countries established the European Community, this principle has been extended successfully to its...

Persistent link: https://www.econbiz.de/10009571054

Which conflicts can the European neighbourhood policy help resolve?

Thorvaldur Gylfason; Wijkman, Per Magnus - 2012

Under what conditions can the European Neighbourhood Policy achieve one of its main objectives: to resolve conflicts in the European Union's neighbourhood? In the spirit of Montesquieu and Monnet, the basic hypothesis of the EU is that closer economic integration encourages governments to take...

Persistent link: https://www.econbiz.de/10009571288

Is a state bank a useful economic development tool in the United States?

Chirinko, Robert S. - 2022

The possibility of creating a state bank has received much recent attention in the United States. In 2021, six states … introduced legislation to create a state bank; in 2019, similar legislation was enacted in California for municipal banks. This … to traditional private banking and identifies five questions determining the advisability of creating a state bank. The …

Persistent link: https://www.econbiz.de/10013454018

Monetary and fiscal management, finance, and growth

Thorvaldur Gylfason - 2004

This lecture addresses three related aspects of monetary and fiscal management in Europe and elsewhere. First, I discuss the implications of economic integration for monetary and fiscal policy, especially the narrow focus on low inflation as the main objective of monetary policy. I argue that...

Persistent link: https://www.econbiz.de/10011404264

Greenspan shrugs : central bank communication, formal pronouncements and bond market volatility

Chirinko, Robert S.; Curran, Christopher - 2013

This paper presents empirical evidence on one aspect of central bank communication policy - formal pronouncements by … central bank communication policy are addressed (see Figure 1 for a summary). We find that STF's matter for bond market … associated policy implication that pronouncements by the central bank may reduce welfare by overwhelming important private …

Persistent link: https://www.econbiz.de/10009743833

A decade of editing the European Economic Review

Eḳshṭain, Tsevi; Gal-Or, Esther; Thorvaldur Gylfason; … - 2011

This story describes the circumstances that led to all five of us starting as editors at the same time, the unexpected things we have found, the unanticipated reactions we have encountered, how we worked as an editorial team, the central role of the editorial office manager, how we managed to...

Persistent link: https://www.econbiz.de/10009375710

Natural resource endowment : a mixed blessing?

Thorvaldur Gylfason - 2011

This paper deals with the implications of natural resources for the conduct of economic policies and the role and design of institutions in resource-rich countries. The paper briefly reviews the experience of a few resource-rich countries, highlighting the successes of those that have done well...

Persistent link: https://www.econbiz.de/10009010049

Can lower tax rates be bought? : business rent-seeking and tax competition among US States

Chirinko, Robert S.; Wilson, Daniel J. - 2010

The standard model of strategic tax competition assumes that government policymakers are perfectly benevolent, acting solely to maximize the utility of the representative resident in their jurisdiction. We depart from this assumption by allowing for the possibility that policymakers also may be...

Persistent link: https://www.econbiz.de/10003985850

Tax competition among U.S. states : racing to the bottom or riding on a seesaw?

Chirinko, Robert S.; Wilson, Daniel J. - 2011

Dramatic declines in capital tax rates among U.S. states and European countries have been linked by many commentators to tax competition and an inevitable "race to the bottom." This paper provides an empirical analysis of the reaction of capital tax policy in a given U.S. state to changes in...

Persistent link: https://www.econbiz.de/10009240807

Job creation tax credits, fiscal foresight, and job growth : evidence from U.S. states

Chirinko, Robert S.; Wilson, Daniel J. - 2016

This paper studies the effects of job creation tax credits (JCTCs) enacted by U.S. states between 1990 and 2007 to gain insights about fiscal foresight (alterations of current behavior by forwardlooking agents in anticipation of future policy changes). Nearly half of the states adopted JCTCs...

Persistent link: https://www.econbiz.de/10011432544