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An Estimated, New Keynesian Policy Model for Australia

Melecky, Martin; Buncic, Daniel - EconWPA - 2005

A two-block open economy model is estimated in this paper using Australian and U.S. data. Evaluation of the estimated model is carried out in relation to a simple closed economy alternative. Namely, we inspect the implied transmission mechanisms, and examine the relative out-of-sample...

Persistent link: https://www.econbiz.de/10005125001

Monetary policy and learning in an open economy

Ellison, Martin; Sarno, Lucio; Vilmunen, Jouko - EconWPA - 2004

In this paper, we examine the incentives for central bank activism and caution in a two-country open-economy model with uncertainty and learning. We find that the presence of a strategic interaction between the home and foreign central banks creates an additional motivation for caution in...

Persistent link: https://www.econbiz.de/10005561306

An international comparison of effective marginal taxes on labour use

Romero-Jordan, Desiderio; Sanz-Sanz, José Felix - EconWPA - 2004

The purpose of this paper is to compare the different levels of tax rates on the use of the labour force in a range of OECD countries, using the methodology of effective marginal tax rates. Results for the United Kingdom, Australia, Sweden, France, Germany, Italy, Portugal, Japan, the United...

Persistent link: https://www.econbiz.de/10005076585

How do Institutions Affect Corruption and the Shadow Economy?

Dreher, Axel; Kotsogiannis, Christos; McCorriston, Steve - EconWPA - 2005

This paper analyzes a simple model that captures the relationship between institutional quality, the shadow economy and corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market. The exact relationship between corruption and...

Persistent link: https://www.econbiz.de/10005125947

International Evidence on Output Fluctuation and Shock Persistence

Levy, Daniel; Dezhbakhsh, Hashem - EconWPA - 2004

We estimate output growth rate spectra for 58 countries. The spectra exhibit diverse shapes. To study the sources of this diversity, we estimate the short-run, business cycle, and long-run frequency components of the sampled series. For most OECD countries the bulk of the spectral mass is in the...

Persistent link: https://www.econbiz.de/10005126132

New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001

Kamps, Christophe - EconWPA - 2005

The issue of whether government capital is productive has received a great deal of recent attention. Yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers...

Persistent link: https://www.econbiz.de/10005556919

INCOME CONVERGENCE DURING THE DISINTEGRATION OF THE WORLD ECONOMY 1919-39

Milanovic, Branko - EconWPA - 2003

Some economists have argued that the process of disintegration of the world economy between the two World Wars led to income divergence between the countries. This is in keeping with the view that economic integration leads to income convergence. The paper shows that the view that the period...

Persistent link: https://www.econbiz.de/10005076560

The Influence of Globalization on Taxes and Social Policy – an Empirical Analysis for OECD Countries

Dreher, Axel - EconWPA - 2003

Using panel regression for the period 1970-2000 the paper analyzes whether globalization has influenced the OECD … endogeneity of the regressors, the results show that globalization (measured by an index covering 23 variables) did not generally … decrease the leeway for independent economic policy. Globalization even increased implicit tax rates on capital (as calculated …

Persistent link: https://www.econbiz.de/10005076616

Is Islam really a development blockade? 12 predictors of development, including membership in the Organization of Islamic Conference, and their influence on 14 indicators of develo...

TAUSCH, Arno - EconWPA - 2005

. Our three-fold empirical understanding of the process of globalization – reliance on foreign savings, MNC penetration and …

Persistent link: https://www.econbiz.de/10005125619

GLOBALIZATION AND GOALS: Does soccer show the way?

Milnaovic, Branko - EconWPA - 2003

foreign clubs. This provides an example as how forces of efficiency but also inequality unleashed by globalization can be …

Persistent link: https://www.econbiz.de/10005125704