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The first publication in the LSEE Papers series, Tim Judah's stimulating paper on the emergence of increased cooperation and links across the former Yugoslavia, initiated a lively debate in the region itself and also further abroad. Keen to maintain this momentum with the second issue we are...
Persistent link: https://www.econbiz.de/10010746206
services, the greater the potential for economic efficiency and growth. There is, however, little empirical evidence to … level of fiscal decentralization and economic growth rates across 16 Central and Eastern European countries over the 1990 … out of three fiscal decentralization indicators included in the analysis and economic growth. However, the use of …
Persistent link: https://www.econbiz.de/10011071215
The aim of the research on which this paper is based was to investigate, and where possible measure, the effects of policies of marketisation and privatisation of the telecommunication and the oil and gas industries in Croatia with respect to their business efficiency, management, employment...
Persistent link: https://www.econbiz.de/10011071313
Climate change economics mostly neglects sizeable interactions of carbon pricing with other fiscal policy instruments. Conversely, public finance typically overlooks the effects of future decarbonization efforts when devising instruments for the major goals of fiscal policy. We argue that such a...
Persistent link: https://www.econbiz.de/10011268596
In this paper we use insights from organizational economics and financial regulation to studythe optimal architecture of supervision. We suggest that the new architecture should revolvearound the following principles: (i) banking, securities and insurance supervision should befurther integrated;...
Persistent link: https://www.econbiz.de/10010744814
Should raising the growth rate of GDP per capita be a policy goal of governments in general, and of the British …'t make people any happier; and 4) The planet is finite, so further growth of GDP (at least in rich countries) is not feasible … anyway. I discuss and reject all four of these objections. I urge the LSE Growth Commission to focus its efforts on policies …
Persistent link: https://www.econbiz.de/10010744986
Persistent link: https://www.econbiz.de/10010745394
This paper characterizes welfare in a small open economy and derives the corresponding optimal monetary policy rule. It shows that the utility-based loss function for a small open economy is a quadratic expression in domestic inflation, output gap and real exchange rate. In contrast to previous...
Persistent link: https://www.econbiz.de/10010745516
This paper proposes a general way to conceive public policy when there is no consensual account of the situation of interest. The approach builds on an extension and dual formulation of the traditional theory of economic policy. It does not need a representative policymaker’s utility function...
Persistent link: https://www.econbiz.de/10010745638
The standard motivation for unemployment compensation is consumption smoothing and most papers in the literature have analyzed trade-offs involving consumption smoothing and moral hazard. This paper shows how such policy can increase output by enhancing the assignment of workers to jobs in the...
Persistent link: https://www.econbiz.de/10010745921