Similar Search Results

Rocha-Akis, Silvia; Riedl, Aleksandra - Oesterreichische Nationalbank - 2008

In this paper, we test one of the fundamental assumptions in the tax competition literature, namely, that a country's taxable income depends on the tax policies pursued in the domestic and in neighbouring countries. Based on a panel of annual data of 14 Western European countries spanning the...

Persistent link: https://www.econbiz.de/10010727818

Testing the tax competition theory: How elastic are national tax bases in Western Europe?

Riedl, Aleksandra; Rocha-Akis, Silvia - Oesterreichische Nationalbank - 2008

Persistent link: https://www.econbiz.de/10005802648

Working Paper 32

Mark, Nelson C.; Sonora, Robert; Cecchetti, Stephen - Oesterreichische Nationalbank - 1998

estimate the half life of convergence to be approximately 9 years. The following hypotheses are investigated as explanations … for the slow convergence: (i) Arbitrage impediments induced by transportation costs, and (ii) and the inclusion of … upper bound on convergence rates that participants in European Monetary Union may experience. …

Persistent link: https://www.econbiz.de/10010727714

Working Paper 62

Dimitz, Maria Antoinette; Ritzberger-GrÃ¼nwald, Doris; … - Oesterreichische Nationalbank - 2002

present study suggests an asymmetric, convergence-stimulating impact of EU membership on long-term growth. JEL classification …

Persistent link: https://www.econbiz.de/10010727846

Growth, Convergence and EU Membership

Cuaresma, Jesus Crespo; Dimitz, Maria Antoinette; … - Oesterreichische Nationalbank - 2002

present study suggests an asymmetric, convergence-stimulating impact of EU membership on long-term growth. …

Persistent link: https://www.econbiz.de/10005802633

Price Level Convergence Among United States Cities: Lessons for the European Central Bank

Cecchetti, Stephen; Mark, Nelson C.; Sonora, Robert - Oesterreichische Nationalbank - 1998

Persistent link: https://www.econbiz.de/10005627597

Equilibrium Exchange Rates in T ransition Economies: T aking Stock of the Issues

Égert, Balázs; Halpern, László; MacDonald, Ronald - Oesterreichische Nationalbank - 2005

In this paper we present an overview of a number of issues relating to the equilibrium exchange rates of transition economies of the former soviet bloc. In particular, we present a critical overview of the various methods available for calculating equilibrium exchange rates and discuss how...

Persistent link: https://www.econbiz.de/10005839453

Spatial Filtering, Model Uncertainty and the Speed of Income Convergence in Europe

Cuaresma, Jesús Crespo; Feldkircher, Martin - Oesterreichische Nationalbank - 2010

income convergence across 255 NUTS-2 European regions for the period from 1995 to 2005. We show that the choice of a spatial … parameters attached to the model covariates. We also show that estimates of the speed of income convergence across European … account this dimension of model uncertainty, the posterior distribution of the speed of convergence parameter has a large …

Persistent link: https://www.econbiz.de/10008568442

Collateral, Liquidity and Debt Sustainability

Niemann, Stefan; Pichler, Paul - Oesterreichische Nationalbank - 2013

We study the sustainability of public debt in a closed production economy where a benevolent government chooses scal policies, including haircuts on its outstanding debt, in a discretionary manner. Government bonds are held by domestic agents to smooth consumption over time and because they...

Persistent link: https://www.econbiz.de/10010818084