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A Stochastic Dynamic General Equilibrium Model for Greece
Kollintzas, Tryphon; Vassilatos, Vanghelis - C.E.P.R. Discussion Papers - 1996
In this paper we develop a stochastic dynamic general equilibrium model of the Greek economy, in the real business cycle modelling tradition. Household preferences depend on private and public consumption and leisure. Government finances its investment, consumption and transfer payments by means...
Persistent link: https://www.econbiz.de/10005661696
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Trade, Technique and Composition Effects: What is Behind the Fall in World-wide SO2 Emissions, 1990-2000?
de Melo, Jaime; Grether, Jean-Marie; Mathys, Nicole Andréa - C.E.P.R. Discussion Papers - 2007
, an emission-decomposition exercise shows that scale effects are dominated by technique effects working towards a …
Persistent link: https://www.econbiz.de/10005504371
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State Capacity and Military Conflict
Gennaioli, Nicola; Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2011
In 1500, Europe was composed of hundreds of statelets and principalities, with weak central authority, no monopoly over the legitimate use of violence, and multiple, overlapping levels of jurisdiction. By 1800, Europe had consolidated into a handful of powerful, centralized nation states. We...
Persistent link: https://www.econbiz.de/10009385769
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The Political Cost of Reforms
Bonfiglioli, Alessandra; Gancia, Gino A - C.E.P.R. Discussion Papers - 2011
This paper formalizes in a fully-rational model the popular idea that politicians perceive an electoral cost in adopting costly reforms with future benefits and reconciles it with the evidence that reformist governments are not punished by voters. To do so, it proposes a model of elections where...
Persistent link: https://www.econbiz.de/10009644031
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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
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Banking crises, Output Loss and Fiscal Policy
Röger, Werner; Székely, Istvan P.; Turrini, … - C.E.P.R. Discussion Papers - 2010
This paper analyses the role fiscal policy plays during banking crises in supporting short-term GDP growth and the … growth potential. Using a database covering 56 advanced and emerging economies for the period 1970-2008, it is found that … growth but not on potential output. The stronger expansionary impact of fiscal policy during banking crises does not seem to …
Persistent link: https://www.econbiz.de/10008468578
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What Should we Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - C.E.P.R. Discussion Papers - 2010
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...
Persistent link: https://www.econbiz.de/10008468637
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The Role of Immigration in Sustaining the Social Security System: A Political Economy Approach
Razin, Assaf; Sand, Edith - C.E.P.R. Discussion Papers - 2007
In the political debate people express the idea that immigrants are good because they can help pay for the old. The paper explores this idea in a dynamic political-economy setup. We characterize sub-game perfect Markov equilibria where immigration policy and pay-as-you-go (PAYG) social security...
Persistent link: https://www.econbiz.de/10005123886
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The Double Dividend Issue: Modelling Strategies and Empirical Findings
Bosello, Francesco; Carraro, Carlo; Galeotti, Marzio - C.E.P.R. Discussion Papers - 1999
This paper reviews recent developments in the study of the so-called "double dividend", i.e. the possibility of improving the environment and, at the same time, reducing the distortions of the tax system through revenue-neutral green taxes. Recent modeling advances are considered at both the...
Persistent link: https://www.econbiz.de/10005124077
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The Stability Pact Pains: A Forward-Looking Assessment of the Reform Debate
Buti, Marco; Eijffinger, Sylvester C W; Franco, Daniele - C.E.P.R. Discussion Papers - 2005
The Stability and Growth Pact has been under fire ever since it was born. But is the Pact a flawed fiscal rule? Against …
Persistent link: https://www.econbiz.de/10005124121