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Opt in Versus Opt Out : A Free-Entry Analysis of Privacy Policies

Degryse, Hans - 2006

There is much debate on how the flow of information between firms should be organized, and whether existing privacy … laws should be amended. We offer a welfare comparison of the three main current policies towards consumer privacy … costly to opt in or opt out, privacy policies shape firms' ability to collect and use customer information, and affect their …

Persistent link: https://www.econbiz.de/10012779192

The Impact of Fiscal Rules on Public Finances : Theory and Empirical Evidence for the Euro Area

Marneffe, Wim - 2011

This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the...

Persistent link: https://www.econbiz.de/10013131350

Channel Systems : Why is There a Positive Spread?

Berentsen, Aleksander - 2010

An increasing number of central banks implement monetary policy via two standing facilities: a lending facility and a deposit facility. In this paper we show that it is socially optimal to implement a non-zero interest rate spread. We prove this result in a dynamic general equilibrium model...

Persistent link: https://www.econbiz.de/10013135781

Partial Harmonization of Corporate Taxes in an Asymmetric Repeated Game Setting

Itaya, Jun-ichi - 2010

This paper investigates the conditions under which partial harmonization for capital taxation is sustained in a repeated interactions model of tax competition when there are three heterogenous countries with respect to their capital endowments. We show that regardless of the structure of the...

Persistent link: https://www.econbiz.de/10013136007

Financial Frictions and Inflation Differentials in a Monetary Union

Hristov, Nikolay - 2010

This paper employs a stylized New Keynesian DSGE model for a monetary union to analyze whether cyclical inflation differentials can be explained by cross-country differences concerning the characteristics of financial markets. Our results suggest that empirically plausible degrees of...

Persistent link: https://www.econbiz.de/10013136243

Fair and Efficient Taxation Under Partial Control : Theory and Evidence

Ooghe, Erwin - 2011

characteristics in 26 European countries (using EU-SILC data) and the US (using CPS data) and find a robust tendency in all countries …

Persistent link: https://www.econbiz.de/10013122256

Reforming an Asymmetric Union : On the Virtues of Dual Tier Capital Taxation

Haufler, Andreas - 2013

The tax competition for mobile capital, in particular the reluctance of small countries to agree on measures of tax coordination, has ongoing political and economic fallouts within Europe. We analyse the effects of introducing a two tier structure of capital taxation, where the asymmetric member...

Persistent link: https://www.econbiz.de/10013087724

Has the EMU Reduced Wage Growth and Unemployment? Testing a Model of Trade Union Behaviour

Mikosch, Heiner - 2013

By using a model of trade union behaviour Grüner (2010) argues that the introduction of the European Monetary Union (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary centralization lets the central bank react less flexibly to...

Persistent link: https://www.econbiz.de/10013093430

Trade, Factor Mobility and the Extent of Economic Integration : Theory and Evidence

Mikolajun, Irena - 2015

the world (EU, Latin America and Middle East). We find that, despite large differences in trade patterns, measures of …

Persistent link: https://www.econbiz.de/10013015347

Spatial and Social Mobility

Borck, Rainald - 2016

This paper analyzes the relationship between spatial mobility and social mobility. It develops a two-skill-type spatial equilibrium model of two regions with location preferences where each region consists of an urban area which is home to workplaces and residences and an exclusively residential...

Persistent link: https://www.econbiz.de/10012999796