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Tax Principles and Tax Harmonization under Imperfect Competition: A Cautionary Example

Keen, Michael; Lahiri, Sajal; Raimondos-Møller, Pascalis - CESifo - 2001

This paper shows that under imperfect competition the welfare effects of indirect tax harmonization may depend …, while harmonization always makes at least one country better off, and may be Pareto-improving, when taxes are levied under … the destination principle (which currently applies in the European Union), harmonization of origin-based taxes (as …

Persistent link: https://www.econbiz.de/10005406418

International Protection of Intellectual Property

Grossman, Gene M.; Lai, Edwin L.-C. - CESifo - 2002

global regime of patent protection and asking whether harmonization of patent policies is necessary or sufficient for global …

Persistent link: https://www.econbiz.de/10005416457

Interjurisdictional Linkages and the Scope for Interventionist Legal Harmonization

Baniak, Andrzej; Grajzl, Peter - CESifo - 2010

We study the desirability of interventionist harmonization of legal standards across multiple, mutually interdependent … standard-setting with two means of interventionist harmonization: through centralization and through allocation of lawmaking … delineating the scope for, and the appropriate means of, interventionist harmonization. We find that greater jurisdictional …

Persistent link: https://www.econbiz.de/10008583682

Would Global Patent Protection be too Weak without International Coordination?

Lai, Edwin L.-C.; Yan, Isabel K.-M. - CESifo - 2011

This paper analyzes the setting of national patent policies in the global economy. In the standard model with free trade and social-welfare-maximizing governments à la Grossman and Lai (2004), cross-border positive policy externalities induce individual countries to select patent strengths that...

Persistent link: https://www.econbiz.de/10009150655

Team or Individual: What Determines Workers' Preferred Bonus Schemes?

Torsvik, Gaute - CESifo - 2011

This paper uses data from a firm with team production to investigate the association between workers’ productivity, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case. Workers persistently producing above the team average...

Persistent link: https://www.econbiz.de/10009371336

The Quantity Theory of Money and Friedmanian Monetary Policy: An Empirical Investigation

Hillinger, Claude; Süssmuth, Bernd; Sunder, Marco - CESifo - 2012

We introduce an approach for the empirical study of the quantity theory of money (QTM) that is novel both with respect to the specific steps taken as well as the general methodology employed. Empirical studies of the QTM have focused directly on the relationship between the rate of change of the...

Persistent link: https://www.econbiz.de/10009653372

The Role of Monetary Aggregates in the Policy Analysis of the Swiss National Bank

Kirchgässner, Gebhard; Wolters, Jürgen - CESifo - 2010

Using Swiss data from 1983 to 2008, this paper investigates whether growth rates of the different measures of the quantity of money and or excess money can be used to forecast inflation. After a preliminary data analysis, money demand relations are specified, estimated and tested. Then,...

Persistent link: https://www.econbiz.de/10008533982

The Quantity Theory of Money: An Assessment of its Real Linchpin Prediction

Hillinger, Claude; Süßmuth, Bernd - CESifo - 2010

This study approaches the Quantity Theory of Money at a conceptual level, asking how it can be most reasonably interpreted and quantitatively assessed. The resulting approach is straightforward. Unlike studies relying on other methods we find evidence of its linchpin prediction that is not...

Persistent link: https://www.econbiz.de/10008534035

Welfare Costs of Inflation in a Dynamic Economy with Search Unemployment and Endogenous Growth

Heer, Burkhard - CESifo - 2000

Recent work on money and endogenous growth finds modest welfare costs of inflation. Furthermore, high inflation reduces the growth rate. We present a monetary endogenous growth model with labor market frictions in the form of search unemployment which is calibrated for the US economy....

Persistent link: https://www.econbiz.de/10005094411

The Transmission of German Monetary Policy in the Pre-Euro Period

Luetkepohl, Helmut; Wolters, Jürgen - CESifo - 2001

A small macroeconomic model is constructed to study the transmission of the monetary policy conducted by the Deutsche Bundesbank (DBB) since the middle of the 1970s. For this purpose quarterly, seasonally unadjusted data for the period from 1975 to 1998 are used, that is, the period until the...

Persistent link: https://www.econbiz.de/10005181277

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