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Implicit tax co-ordination under repeated policy interactions

Catenaro, Marco; Vidal, Jean-Pierre - 2003

In the context of a stylised game theoretical framework of capital tax competition, we show that when repeated policy interactions are associated to a systematic punishment of the deviating policymaker, a co-ordinated outcome can be the solution to the non co-operative tax game. This result...

Persistent link: https://www.econbiz.de/10011604305

Central bank communication on fiscal policy

Allard, Julien; Catenaro, Marco; Vidal, Jean-Pierre; … - 2012

While the established literature on central bank communication has traditionally dealt with communication of monetary policy messages to financial markets and the wider public, central bank communication on fiscal policy has so far received little attention. This paper empirically reviews the...

Persistent link: https://www.econbiz.de/10011605522

Central Bank Communication on Fiscal Policy

Allard, Julien - 2012

Persistent link: https://www.econbiz.de/10013100569

Public pensions and growth

Lambrecht, Stéphane; Michel, Philippe; Vidal, Jean-Pierre - 2001

This paper investigates the relationship between the size of an unfunded public pension system and economic growth in … argument of parental utility. Unfunded public pensions can promote growth when families face liquidity constraints preventing … there is no case for unfunded public pensions in economies where bequests are operative. By contrast, there exists a growth …

Persistent link: https://www.econbiz.de/10011604136

Modelling Global Trade Flows : Results from a GVAR Model

Bussière, Matthieu - 2015

This paper uses a Global Vector Auto-Regression (GVAR) model in a panel of 21 emerging market and advanced economies to investigate the factors behind the dynamics of global trade flows, with a particular view on the issue of global trade imbalances and on the conditions of their unwinding. The...

Persistent link: https://www.econbiz.de/10013039364

Evaluating China's Integration in World Trade with a Gravity Model Based Benchmark

Bussière, Matthieu; Schnatz, Bernd - 2021

The rapid transition of China from a closed agricultural society to an industrial powerhouse has been associated with a rapid increase in the share of China in world trade. As the world is taking the full measure of this phenomenon, tensions have been arising ranging from holding China partly...

Persistent link: https://www.econbiz.de/10013317365

Trade Integration of Central and Eastern European Countries : Lessons from a Gravity Model

Bussière, Matthieu; Fidrmuc, Jarko; Schnatz, Bernd - 2021

This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...

Persistent link: https://www.econbiz.de/10013318195