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Tax competition in an expanding European Union
Davies, Ronald B.; Voget, Johannes - 2008
Persistent link: https://www.econbiz.de/10003846990
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What should fiscal councils do?
Calmfors, Lars; Wren-Lewis, Simon - 2011
The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...
Persistent link: https://www.econbiz.de/10009011182
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Proprietary public finance : on its emergence and evolution out of anarchy
Skaperdas, Stergios - 2011
finance, however, is comparatively scarce. I argue that proprietary rule emerges out of anarchy and its main alternative …
Persistent link: https://www.econbiz.de/10009153844
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The impact of changes in second pension pillars on public finances in central and Eastern Europe
Égert, Balázs - 2012
This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries. The paper seeks to answer the following questions: i) what is the impact on the sustainability of Poland's pension system of the decrease in the pension contribution going...
Persistent link: https://www.econbiz.de/10009533961
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The Swedish fiscal policy council : watchdog with a broad remit
Calmfors, Lars - 2012
The Swedish Fiscal Policy Council (FPC) set up in 2007 is one example of the recent international trend to create independent fiscal watchdogs. The FPC has established itself as an important participant in the Swedish economic policy discussion. The FPC has small resources and a broad remit...
Persistent link: https://www.econbiz.de/10009488889
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Aging, social security design, and capital accumulation
Dedry, Antoine; Onder, Harun; Pestieau, Pierre - 2015
This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping generation model with potentially endogenous retirement decisions, the paper shows that the type of aging, i.e. declining...
Persistent link: https://www.econbiz.de/10011392492
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An alternative conditional asymmetry specification for stock returns
Brännäs, Kurt; Nordman, Niklas - 2001
The paper advances the log-generalized gamma distribution as a suitable generator of conditional skewness. Based on the NYSE composite daily returns an asMA-asQGARCH model along with skewness dynamics is estimated. The results indicate a skewness that varies between sizeable negative skewness...
Persistent link: https://www.econbiz.de/10011398115
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Bundling governance : finance versus institutions in private investment promotion
Asongu, Simplice A.; Batuo, Enowbi; Tchamyou, Vanessa S. - 2015
Purpose - The study extends the debate on finance versus institutions in the promotion of investment documented by … finance and governance as substitutes in their impact on investment implies that good governance fuels private investment and … issues on the other hand. Originality/value - The paper extends the debate on the substitution of finance and institutions in …
Persistent link: https://www.econbiz.de/10011417473
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Inequality, finance and pro-poor investment in Africa
Asongu, Simplice A.; Tchamyou, Vanessa S. - 2015
This study complements existing literature by investigating how investment-driven finance affects inequality in Africa …
Persistent link: https://www.econbiz.de/10011417474
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Productivity, exporting and financial constraints of Chinese SMEs
Van Biesebroeck, Johannes - 2014
to expand output and exploit all scale economies that the production technology allows. With access to finance problems …
Persistent link: https://www.econbiz.de/10011285628