Showing 1 - 10 of 26
Stock market indices are today a vital and daily tool for both economists and actors in the financial world. The multiplication and the very importance given to these indices raise the question of their accuracy and of the reliability of the methods that are used to construct them. We begin an...
Persistent link: https://www.econbiz.de/10010738778
'existence et aux fluctuations d'une bulle rationnelle. Nous développons une économie d'échange à générations imbriquées dans …'est-à-dire avec bulle rationnelle pure. Nous exhibons des fluctuations de l'activité et de la bulle, dues à la volatilité des … anticipations des agents. Une politique monétaire expansive peut immuniser l'économie contre de telles fluctuations endogènes. La …
Persistent link: https://www.econbiz.de/10008805961
Dans cet article, nous proposons une revue de la littérature sur les frictions financières dans les modèles d'équilibre général intertemporels et stochastiques. Nous présentons en premier lieu les contributions pionnières qui ont analysé les effets d'amplification associés à...
Persistent link: https://www.econbiz.de/10011025843
play of market forces. But these standard elements of welfare state are themselves included by Hegel in a larger and less … familiar device of ethical regulation, driven by the state and in charge of making conscious and then real the unity of …
Persistent link: https://www.econbiz.de/10010750978
ortholattice (logic). Two axioms are formulated and the characteristic state-property duality is derived. A last axiom concerned … with the impact of measurements on the state takes us with a leap toward the Hilbert space model of Quantum Mechanics. An …
Persistent link: https://www.econbiz.de/10010738881
The State's role in development is bound to change significantly as a result of many new challenges, of the multitude … understood in two complementary but separate ways. On the one hand, at the national level, the State must now bite the bullet on … projects. On the other hand, at the international level, the State can no longer ignore the growing interdependence of nations …
Persistent link: https://www.econbiz.de/10010820855
After Papua New Guinea's society has been presented in a first part of this paper, the second part focuses on traditional land institutions and relationships to land - often considered to be "archaic". The third part exposes the process of lanf registration during the colonial and since the...
Persistent link: https://www.econbiz.de/10010635182
In 2008 the State of Geneva modified its regulation on taxation at source in order to collect electronic fiscal data … pay taxes to the State on behalf of their employees. They subtract the corresponding amounts from employees' income and …
Persistent link: https://www.econbiz.de/10008792477
The fiscal theory of the price level says that the price level can be made determinate if the government uses fiscal policies such that government liabilities explode unless the price in the first period is at the "right" level. The policy implications are disturbing, as they call for rather...
Persistent link: https://www.econbiz.de/10010929080
This paper explores the role of corruption in a two-country model with fiscal spillovers. In the absence of cooperation on governance issues, countries always have a strategic incentive to appoint policymakers whose aversion to corruption is lower than average. An international agreement is a...
Persistent link: https://www.econbiz.de/10009277879