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Alesina, Alberto F; Roubini, Nouriel - C.E.P.R. Discussion Papers - 1990

This paper studies whether the dynamic behaviour of GNP growth, unemployment and inflation is systematically affected … cycle' model, with endogenous timing of elections; (b) inflation tends to increase immediately after elections, perhaps as a … output and unemployment and of long-run partisan differences in the inflation rate as implied by the `rational partisan …

Persistent link: https://www.econbiz.de/10005067672

Does the Recent Success of some OECD Countries in Lowering their Unemployment Rates lie in the Clever Design of their Labour Market Reforms?

Belot, Michèle; Ours, Jan C van - C.E.P.R. Discussion Papers - 2000

The development of the unemployment rate differs substantially between OECD countries. In recent years some countries have experienced a mild increase, other countries have had a stable unemployment rate, while there are also ‘successful’ countries in which the unemployment rate has...

Persistent link: https://www.econbiz.de/10005123659

Which International Institutions Promote International Trade?

Rose, Andrew K - C.E.P.R. Discussion Papers - 2003

This Paper estimates the effect on international trade of three multilateral organizations intended to increase trade: 1) the World Trade Organization (WTO) and its predecessor the Generalized Agreement on Tariffs and Trade (GATT); 2) the International Monetary Fund (IMF); and 3) the...

Persistent link: https://www.econbiz.de/10005504751

International Interdependence and Policy Coordination in Economies with Real and Nominal Wage Rigidity

van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 1987

The development of the seven main OECD economies during the 1970s and 1980s is discussed. Subsequently, wage equations of the error-correction type for the seven largest OECD economies are estimated. The hypothesis of real wage rigidity cannot be rejected for the French, German, Italian and...

Persistent link: https://www.econbiz.de/10005281284

Economic Freedom in the Long Run: Evidence from OECD Countries (1850-2007

Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2014

This paper presents historical indices for the main dimensions of economic freedom and an aggregate index for nowadays developed countries -(pre-1994) OECD, for short-. Economic liberty expanded over the last one-and-a-half centuries, reaching two thirds of its maximum possible. Its evolution...

Persistent link: https://www.econbiz.de/10011083985

Fiscal Adjustment to Cyclical Developments in the OECD: An Empirical Analysis Based on Real-Time Data

Beetsma, Roel; Giuliodori, Massimo - C.E.P.R. Discussion Papers - 2008

We explore how fiscal policies in the OECD have responded to unexpected information about the economy during the period 1995-2006. In particular, we first estimate standard fiscal rules using ex-ante data (i.e. forecasts). We then estimate how fiscal policy reacts to new information, especially...

Persistent link: https://www.econbiz.de/10005791832

Estimating Loss Function Parameters

Elliott, Graham; Komunjer, Ivana; Timmermann, Allan G - C.E.P.R. Discussion Papers - 2003

In situations where a sequence of forecasts is observed, a common strategy is to examine ‘rationality’ conditional on a given loss function. We examine this from a different perspective - supposing that we have a family of loss functions indexed by unknown shape parameters, then given the...

Persistent link: https://www.econbiz.de/10005791975

Corporate taxes and the location of intellectual property

Griffith, Rachel; Miller, Helen; O'Connell, Martin - C.E.P.R. Discussion Papers - 2011

The literature suggests that tax rates on mobile activities should fall to zero. Intellectual property is very mobile and has grown in importance. Firms can use intellectual property to shift income offshore and reduce their corporate income tax liability. Yet most intellectual property is held...

Persistent link: https://www.econbiz.de/10009644034

The Distorting Arm's Length Principle

Devereux, Michael P.; Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2009

To prevent profit shifting by manipulation of transfer prices, tax authorities typically apply the arm's length principle in corporate taxation and use comparable market prices to `correctly' assess the value of intracompany trade and royalty income of multinationals. We develop a model of...

Persistent link: https://www.econbiz.de/10005061477

Investment, Resolution of Risk, and the Role of Affect

Hopfensitz, Astrid; Krawczyk, Michal; Winden, Frans … - C.E.P.R. Discussion Papers - 2008

This experimental study is concerned with the impact of the timing of the resolution of risk on people’s willingness to take risks, with a special focus on the role of affect. While the importance of anticipatory emotions has so far been only inferred from decisions regarding hypothetical...

Persistent link: https://www.econbiz.de/10005124205

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