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The Effects of School Competition on Academic Achievement and Grading Standards
Himmler, Oliver - CESifo - 2009
performance in pre-university education. Employing data from central exit exams, a positive link between competition intensity and … outside option to public and other schools, this paper considers the effect of catholic competition on non-catholic school … academic achievement is found. In addition to raising achievement, higher levels of competition are not associated with a …
Persistent link: https://www.econbiz.de/10004979417
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The Signaling Role of Corporate Social Responsibility
Blumkin, Tomer; Margalioth, Yoram; Sharoni, Adi - CESifo - 2014
We examine the role of CSR as a mechanism for private provision of public goods. We argue that corporations are using CSR to signal high product quality and demonstrate that signaling gives rise to an excessive level of contributions that offsets the positive externality, which causes the...
Persistent link: https://www.econbiz.de/10010948835
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Corporate Philanthropy and Productivity: Evidence from an Online Real Effort Experiment
Tonin, Mirco; Vlassopoulos, Michael - CESifo - 2014
Contributing to a social cause can be an important driver for workers in the public and non-profit sector as well as in firms that engage in Corporate Philanthropy or other Corporate Social Responsibility policies. This paper compares the effectiveness of social incentives - that take the form...
Persistent link: https://www.econbiz.de/10010764293
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Taxation, Corruption and the Exchange Rate Regime
Hefeker, Carsten - CESifo - 2009
The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption and improve the fiscal system. A monetary union,...
Persistent link: https://www.econbiz.de/10005013051
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Monetary Policy and Redistribution: What can or cannot be Neutralized with Mirrleesian Taxes
Gahvari, Firouz; Micheletto, Luca - CESifo - 2012
This paper develops an overlapping-generations model with heterogeneous agents in terms of earning ability and cash-in-advance constraint. It shows that tax policy cannot fully replicate or neutralize the redistributive implications of monetary policy. While who gets the extra money becomes...
Persistent link: https://www.econbiz.de/10009645639
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Transatlantic Monetary and Fiscal Policy Interaction
Aarle, Bas van; Garretsen, Harry; Huart, Florence - CESifo - 2003
This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
Persistent link: https://www.econbiz.de/10005765866
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Policy Mix and Debt Sustainability: Evidence from Fiscal Policy Rules
Claeys, Peter - CESifo - 2005
This paper characterises rules-based fiscal policy setting. Basically, we translate a standard monetary policy rule into a simple fiscal policy rule. We then infer on fiscal policymakers' reaction coefficients by testing the rule with GMM. Interaction is also tested directly by the inclusion of...
Persistent link: https://www.econbiz.de/10005406435
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Fiscal Multipliers and the Choice of Zero Lower Bound Modeling
Siemsen, Thomas; Watzka, Sebastian - CESifo - 2013
In this note we elaborate on the effect of the modeling choice of the zero lower bound on the size of the fiscal multiplier. To this end we contrast two different ways to implement the ZLB in a New Keynesian model: the ZLB modeled as an endogenous central bank reaction to a contractionary demand...
Persistent link: https://www.econbiz.de/10010681227
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Macroeconomic Policy Making, Exchange Rate Adjustment and Current Account Imbalances in Emerging Markets
Duarte, Pablo; Schnabl, Gunther - CESifo - 2014
Since a series of crisis events after 2007, the discussion about the adjustment channels of current account imbalances has been revived. We discuss the effectiveness of exchange rates versus macroeconomic policies to rebalance current accounts for a set of 86 mainly emerging market economies. We...
Persistent link: https://www.econbiz.de/10011075721