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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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Drivers of Covid-19 vaccinations : vaccine administration and delivery efficiency in the United States
Goel, Rajeev K.; Nelson, Michael A. - 2021
drivers of the administration and delivery efficiency of coronavirus vaccines. For this purpose, we use data from the 50 US … economic prosperity and rural population aid vaccine administration and delivery efficiency. Delivery efficiency improves in … health workers, including physicians and nurses, did not significantly impact administration or efficiency. On the other hand …
Persistent link: https://www.econbiz.de/10012494792
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The macroeconomics of TANSTAAFL
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2011
This paper shows that dynamic inefficiency can occur in dynamic general equilibrium models with fully optimizing, infinitely-lived households even in a situation with underinvestment. We identify necessary conditions for such a possibility and illustrate it in a standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10009380412
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Education and efficient redistribution
Dur, Robert A. J.; Teulings, Coen N. - 2001
Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education above the primary level is that the rich take up most education, so a subsidy would increase inequality. We show that there is a counteracting effect: an increase in the stock of...
Persistent link: https://www.econbiz.de/10011400867
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Efficient adaptation to flood risk
Hovekamp, Winston P.; Wagner, Katherine R. H. - 2023
This paper studies whether private adaptation to flood risk is economically efficient. We estimate the return to elevating houses, one of the most significant private defensive investments against flooding, using two decades of microdata on the universe of houses and flood damages in high-risk...
Persistent link: https://www.econbiz.de/10013503365
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How to handle the fiscal crisis in Greece? : empirical evidence based on a survey of economic experts
Mosler, Martin; Potrafke, Niklas; Reischmann, Markus Josef - 2019
We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the year 2015. The sample includes about 850 experts from 110 countries. We find systematic differences in experts’ recommendations. Our results suggest that policy advice is...
Persistent link: https://www.econbiz.de/10012050691
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War and natural resource exploitation
Ploeg, Frederick van der; Rohner, Dominic - 2010
Although the relationship between natural resources and civil war has received much attention, little is known about the underlying mechanisms. Controversies and contradictions in the stylized facts persist because resource extraction is treated as exogenous while in reality fighting affects...
Persistent link: https://www.econbiz.de/10008732315
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International trade in natural resources : practice and policy
Ruta, Michele; Venables, Anthony - 2012
Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to manipulate both international and domestic prices of resources, yet this policy is largely outside the disciplines of the WTO. The instruments used include export taxes, price...
Persistent link: https://www.econbiz.de/10009518238
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Optimal emission-extraction policy in a world of scarcity and irreversibility
Prieur, Fabien; Tidball, Mabel; Withagen, Cees - 2011
This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We investigate the conditions under which the economy...
Persistent link: https://www.econbiz.de/10009230860
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Resources, agriculture, and economic growth in economies in transition
Thorvaldur Gylfason - 2000
This paper reviews some reasons why natural resource abundance and extensive agriculture appear to impede economic growth around the world. The paper presents empirical, cross-sectional evidence of various aspects of this relationship in the transition economies in Central and Eastern Europe and...
Persistent link: https://www.econbiz.de/10009781590