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In this article I synthesize an emerging literature that explores the conditions under which public and private investments and intergovernmental transfers are capitalized into local house prices and the broader economic implications of such capitalization. The main insights are: (i) House price...
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We develop a conceptual framework which captures the effect of the VAT system on profit by two effective taxes. This allows (i) predictions of the determinants of voluntary registration and bunching at the registration threshold; (ii) develops a formula for estimating the elasticity of...
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Viele Fragen rund um den Brexit sind weiterhin offen. Es kann nicht ausgeschlossen werden, dass sich Großbritannien und die Europäische Union nicht auf einen Austrittsvertrag einigen können. Dann könnte es zu einem sogenannten harten Brexit (No-Deal Brexit) kommen. Wir haben die...
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