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Siebert, Horst - Institut für Weltwirtschaft (IfW) - 2008

The paper looks at the global environment as a public good and as a sink for CO2-emissions. It discusses problems to be solved in institutional arrangements to protect global environmental media and looks at criteria for allocating the costs of emission reduction and emission rights. It analyzes...

Persistent link: https://www.econbiz.de/10005700537

Fiscal targeting rules and economic stability under distortionary taxation

Reicher, Claire - Institut für Weltwirtschaft (IfW) - 2014

can result in instability, while a debt-level targeting rule, irrespective of GDP, can result in stability. A primary … deficit target may result in instability for the debt but stability for output, while a total deficit target can result in … stability for both debt and output. A fiscal reaction function similar to those found in the macro literature may result in …

Persistent link: https://www.econbiz.de/10010942768

Welfare against growth gains in post-transition countries: What are the consequences for stability?

Lissowska, Maria - Institut für Weltwirtschaft (IfW) - 2012

This paper discusses the underpinnings of the financial crisis of the last decade. It explores the endogenous reasons of this crisis, and in particular a possible link between delayed and unequal growth of household incomes in post-transition countries on one hand and the instability of their...

Persistent link: https://www.econbiz.de/10010956132

Is core money growth a good and stable inflation predictor in the euro area?

Carstensen, Kai - Institut für Weltwirtschaft (IfW) - 2007

. Using an out-of-sample forecasting exercise and a stability analysis, it is shown that core money growth carries important …

Persistent link: https://www.econbiz.de/10005700521

Money Demand Stability and Inflation: Prediction in the Four Largest EMU Countries

Neaves, Abelardo Salazar; Hossfeld, Oliver; Hagen, Jan; … - Institut für Weltwirtschaft (IfW) - 2008

In this paper we analyze the money demand functions of the four largest EMU countries and of the four-country (EMU-4) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 aggregate. For the case of Italy, results are less...

Persistent link: https://www.econbiz.de/10005818904

Reaching a climate agreement - do we have to compensate for energy market effects of climate policy?

Peterson, Sonja; Weitzel, Matthias - Institut für Weltwirtschaft (IfW) - 2014

Because of large economic and environmental asymmetries among world regions and the incentive to free ride, an international climate Regime with broad participation is hard to reach. Most of the so far proposed Regimes base on an allocation of emission rights that is to be perceived as fair....

Persistent link: https://www.econbiz.de/10010987096

Tax Competition and Tax Revenues

Boss, Alfred - Institut für Weltwirtschaft (IfW) - 2005

It is often feared that tax competition might lead to a “race to the bottom”. The consequence of a decline of tax rates on capital income would be shrinking capital income tax revenues and difficulties for national governments to perform their usual tasks. The paper analyzes what happened to...

Persistent link: https://www.econbiz.de/10010886902

Determinants of Donor Generosity: A Survey of the Aid Budget Literature

Fuchs, Andreas; Dreher, Axel; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2012

What determines the foreign aid effort of donor countries? We review the existing literature on donors’ aid budgets and examine which of the suggested variables robustly determine aid effort, measured as Official Development Assistance (ODA) as a share of gross national income. More...

Persistent link: https://www.econbiz.de/10010886977

The role of lenders' trust in determining borrowing conditions for sovereign debt: An analysis of one-period government bonds with default risk

Guo, Yanling - Institut für Weltwirtschaft (IfW) - 2015

In this paper, the author considers the sovereign debt in the form of one-period government bonds with default risk, which can be purchased by and traded among domestic and foreign investors. She shows that the weight assigned to the lenders' interest by the borrowing government at the time of...

Persistent link: https://www.econbiz.de/10011269110

Global Governance of Global Monetary Relations: Rationale and Feasibility

Frieden, Jeffry A. - Institut für Weltwirtschaft (IfW) - 2008

Is there a valid argument for international cooperation, and some form of international governance structure, in the international monetary realm? On the purely economic front, the argument is not strong. Yet a broader political economy approach concludes that national currency policy can in...

Persistent link: https://www.econbiz.de/10005083396