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Reformas Regulatórias e Reestruturação no Setor Elétrico

Pinto, Bruno José Marques - EconWPA - 2005

shortages, and utility insolvencies in California’s electricity sector. A necessary first step in determining the lessons … learned from the California electricity crisis is a diagnosis of its causes. This requires a clear understanding of the … federal and state regulatory infrastructure that governs the US electricity supply industry. The structure of California …

Persistent link: https://www.econbiz.de/10005126483

Water Rights Arrangements in Australia and Overseas

Commission, Productivity - EconWPA - 2004

principles for South Au stralia, Queensland, NSW, Victoria South Africa, Chile, Colorado, Mexico and California. …

Persistent link: https://www.econbiz.de/10005556157

The Tax Base in Transition: The Case of Bulgaria, World Bank Policy Research Working Paper Series No. 1267 (March 1994), The World Bank.

Bogetic, Zeljko; Hillman, Arye - EconWPA - 2005

Meeting government revenue needs without inhibiting private sector development is a key challenge of tax policy during the transition from the socialist system. The paper explores issues in the design of tax bases and tax structures in the transition and argues that transition economies would...

Persistent link: https://www.econbiz.de/10005125910

Phased-In Tax Cuts and Economic Activity

House, Christopher L.; Shapiro, Matthew D. - EconWPA - 2004

Phased-in tax reductions are a common feature of tax legislation. This paper uses a dynamic general equilibrium model to quantify the effects of delaying tax cuts. According to the analysis of the model, the phased-in tax cuts of the 2001 tax law substantially reduced employment, output, and...

Persistent link: https://www.econbiz.de/10005126309

Were Bush Tax Cut Supporters “Simply Ignorant?” A Second Look at Conservatives and Liberals in “Homer Gets a Tax Cut”

Lupia, Arthur; Levine, Adam S.; Menning, Jesse O.; Sin, … - EconWPA - 2005

In a recent edition of Perspectives on Politics, Larry Bartels examines the high levels of support for tax cuts signed into law by President Bush in 2001. In so doing, he characterizes the opinions of “ordinary people” as being based on “simple-minded and sometimes misguided considerations...

Persistent link: https://www.econbiz.de/10005556921

Tax Burden and the Mismeasurement of State Tax Policy

Reed, W. Robert; Rogers, Cynthia L. - EconWPA - 2005

Tax Burden, defined as the ratio of total tax revenues over personal income, is prominently used to summarize state tax policy. We analyze the empirical relationship between changes in Tax Burden and changes in state tax policy from 1987 to 2000 – as measured by states’ own forecasts of the...

Persistent link: https://www.econbiz.de/10005556950

Tax Policy and Human Capital Formation with Public Investment in Education

Valente, Simone - EconWPA - 2005

This paper studies the effects of distortionary taxes and public investment in an endogenous growth OLG model with knowledge transmission. Fiscal policy affects growth in two respects: First, work time reacts to variations of prospective tax rates and modifies knowledge formation; second, public...

Persistent link: https://www.econbiz.de/10005561213

Leading Indicators of Euroland Business Cycles

Fritsche, Ulrich; Marklein, Felix - EconWPA - 2001

The introduction of a common monetary policy in eleven European countries increased the need for leading indicators for that area. A reliable leading indicator should possess the following properties: (1) The movements in the indicator series should resemble those in the business cycle reference...

Persistent link: https://www.econbiz.de/10005076700

No More Rocking Horses: Trading Business-Cycle Depth for Duration Using an Economy-Specific Characteristic.

Mikhail, Ossama - EconWPA - 2004

Regarding the trade-off between the depth and the duration of recessions, there exists a mounting empirical evidence of the idiosyncratic and non-synchronized behavior of the business cycle over time within and across countries. In this paper, I propose a stochastic dynamic general equilibrium...

Persistent link: https://www.econbiz.de/10005076708

Do probit models help in forecasting turning points of German business cycles?

Fritsche, Ulrich - EconWPA - 2001

In this paper we used a data set constructed for a companion paper (Fritsche/Stephan, 2000) where we explored the leading indicator properties of different time series for the German business cycle. Now we test for the ability of different indicator series to forecast recessions by using a...

Persistent link: https://www.econbiz.de/10005076772