markets. Channels sell quantities of airtime to advertisers, theunit price of which is determined by the number of viewers …

impact on the optimal real investment alternative compared to the optimal financial investment alternative indicates the … investment incentives of tax law asymmetries. Integrating an initial loss carryforward at the time of investment creates a …This paper analyzes the impact of particular loss offset limitations on intrastate and crossborder investment decisions …

spending, on the other one, using a VECM methodology. We find some evidence of prociclicality of fiscal policy using variables … quite stable over time. - Credit cycles ; fiscal policy ; procyclicality …This paper analyses the relations between the banking system fluctuations, on one hand, and taxation and public …

burden stemming from the tax-induced distortion in the allocation of capital across the corporate and the non … would change compared with a sector-neutral tax system which assures an identical effective tax burden on both sectors. Our … identify the impact of the firm’s financial behaviour on the size of the emerging excess burden, we perform several sensitivity …

, active policy can significantly outperform passive policy (i.e. maintaining a constant public education to output ratio) but … only when the policy instrument is successful in smoothing the growth rate of human capital. -- Education spending ; growth …

revenue from the graduate tax. -- Human capital investment ; educational risk ; wage risk ; learning effort ; graduate … present risks is a dichotomic task: Wage risk is diversified ex post among the skilled by graduate taxation and skill … taxation ; regressive tuition fees …