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Unilateral emissions abatement : an experiment

Sturm, Bodo; Weimann, Joachim - 2004

According to the model of HOEL (1991), a unilateral emissions abatement of a global pollutant leads to lower aggregated emissions in a game with a simultaneous decision protocol. Our experiment tests the Hoel model and examines the question of whether a leader can induce additional abatement of...

Persistent link: https://www.econbiz.de/10002107319

EU enlargement and the future of the welfare state

Sinn, Hans-Werner - 2000

The eastern expansion of the EU resembles German unification in its momentousness. Whereas the latter led to a 26 …% increase in the population of the Federal Republic, the former will increase the population of the EU by 28% if all ten entry … and western European countries, a massive westward migration can be expected after EU expansion. A temporary east …

Persistent link: https://www.econbiz.de/10001512852

Population aging and fiscal policy in Europe and the United States

Gokhale, Jagadeesh; Raffelhüschen, Bernd - 2000

In this paper, we compare the total size of intertemporal public liabilities (IPLs) of several European countries and the United States. We utilize the machinery of generational accounting in order to calculate the composition of the countries IPLs, that is the sum of the explicit and implicit...

Persistent link: https://www.econbiz.de/10001452131

Entry and exit dynamics of "excessive deficits" in the European Union

Bayar, Ali H. - 1999

The extent of government deficits and debt has been one of the most debated issues in recent years. However, very little has been contributed about their dynamics. Yet, the issue of entering into and exiting from excessive deficits will be critical in the European monetary union since the...

Persistent link: https://www.econbiz.de/10001440845

Monetary and fiscal policy design under EMU: a dynamic game approach

Aarle, Bas van (contributor) - 2000

This paper analyses the problem of designing macroeconomic stabilization policies within the European Monetary Union (EMU) as a dynamic game between a centralized monetary authority, the European Central Bank (ECB), and national fiscal policy makers. Non-cooperative feedback Nash equilibrium and...

Persistent link: https://www.econbiz.de/10001473958

Is there really a European business cycle?

Inklaar, Robert; Haan, Jakob de - 2000

In this paper we argue that in contrast to the conclusion of Artist and Zhang, there is not much evidence in support of the view that increased exchange rate stability is related to more synchronised business cycles in Europe. This finding may have important consequences, as existing differences...

Persistent link: https://www.econbiz.de/10001474344

Structural reforms and the enlargement of monetary union

Hefeker, Carsten - 2000

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...

Persistent link: https://www.econbiz.de/10001474373

Tacit collusion under destination- and origin-based commodity taxation

Haufler, Andreas; Schjelderup, Guttorm - 2000

The paper employs a standard model of dynamic price competition to study how international principles of value-added taxation affect the stability of collusive agreements when producers in an international duopoly agree not to export into each other's home market and tax rates differ across...

Persistent link: https://www.econbiz.de/10001477422

Political yardstick competition, economic integration and constitutional choice in a federation

Bodenstein, Martin; Ursprung, Heinrich W. - 2001

Persistent link: https://www.econbiz.de/10001597735

Innovation and spillovers : evidence from European regions

Bottazzi, Laura; Peri, Giovanni - 2000

The importance of innovation for the economic performance of industrialized countries has been largely stressed recently by the theoretical and empirical literature. Moreover the intensity of knowledge externalities in generating innovation, is the key parameter in determining sustained growth...

Persistent link: https://www.econbiz.de/10001546259