The fact that raising taxes can increase taxed labor supply through income effects is frequently used to justify greater public good provision than indicated by traditional, compensated analyses. We develop a model including multiple public goods and taxes and derive consistent measures of the...

The paper examines challenges in effectively implementing the lender-of-last-resort function in the EUsingle financial market. Briefly highlighted are features of the EU financial landscape that could increaseEU systemic financial risk. Briefly described are the complexities of the EU’s...

This paper analyses the regulatory framework which applies to the determination of directors’remuneration in Europe and examines the extent to which European firms follow best practices incorporate governance in this area, drawing on an empirical analysis of the governance systems thatEuropean...

A lot happened even before the perceived beginning of this crisis in 2007,so although the events are recent, I will give an overview from a US perspectiveof the period from 2001 to date, in our search for the lessons to be learned.Much of it is probably familiar, but worth revisiting.I will...