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Welfare State vs. Market Forces in a Globalization Era
Razin, Assaf - 2019
Globalization radically changes income distribution and triggers intense international tax competition. Therefore, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its trade and finance transactions with the rest of the...
Persistent link: https://www.econbiz.de/10012480145
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Culture, Institutions & the Long Divergence
Bisin, Alberto; Rubin, Jared; Seror, Avner; Verdier, Thierry - National Bureau of Economic Research - 2021
Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...
Persistent link: https://www.econbiz.de/10012482703
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Federalism's Values and the Value of Federalism
Inman, Robert P. - 2008
What is it about federal governance that makes it so attractive to economists, political philosophers, and legal scholars and is there any evidence that would suggest all this attention is warranted? Proponents see federalism as a means to more efficient public and private economies, as the...
Persistent link: https://www.econbiz.de/10012464912
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The New Comparative Economics
Djankov, Simeon - 2003
In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand...
Persistent link: https://www.econbiz.de/10012469090
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The Indigenous Roots of Representative Democracy
Bentzen, Jeanet Sinding; Hariri, Jacob Gerner; … - 2015
We document that rules for leadership succession in ethnic societies that antedate the modern state predict contemporary political regimes; leadership selection by election in indigenous societies is associated with contemporary representative democracy. The basic association, however, is...
Persistent link: https://www.econbiz.de/10012457474
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Issues in the Coordination of Monetary and Fiscal Policy
Blinder, Alan S. - 1982
This paper examines issues in the current debate over coordination between fiscal and monetary policies. Section I1 … uses the traditional targets-instruments approach to assess the potential gains from greater coordination. Since greater … coordination is often equated with looser money and tighter fiscal policy, two econometric models of the economy are used to …
Persistent link: https://www.econbiz.de/10012478123
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Coordination, Switching Costs and the Division of Labor in General Medicine : An Economic Explanation for the Emergence of Hospitalists in the United States
Meltzer, David O. - 2010
General medical care in the United States has historically been provided by physicians who care for their patients in both ambulatory and hospital settings. Care is now increasingly divided between physicians specializing in hospital care (hospitalists) and ambulatory-based care primary care...
Persistent link: https://www.econbiz.de/10012462612
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Earnings Inequality and Coordination Costs : Evidence From U.S. Law Firms
Garicano, Luis - 2009
coordination costs fell during this period. We then propose a "hierarchical production function" in which output is the product of … coordination costs fell broadly and steadily during this period, so that hiring one's first associate leveraged a partner's skill …
Persistent link: https://www.econbiz.de/10012463906
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Stabilizing Expectations under Monetary and Fiscal Policy Coordination
Eusepi, Stefano - 2008
need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …
Persistent link: https://www.econbiz.de/10012464256
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Time Zones as Cues for Coordination : Latitude, Longitude, and Letterman
Hamermesh, Daniel S. - 2006
expect more coordination outside of their local areas are more responsive to the effects of time zones …
Persistent link: https://www.econbiz.de/10012466315