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Excess wages tax (EWT) is a tax-based incomes policy instrument introduced in many centrally-planned economies and still used in some FSU and Eastern European countries in transition. The main macroeconomic goal of EWT is to curb inflationary pressures by penalizing through taxation the...
Persistent link: https://www.econbiz.de/10014397835
The corporate governance problem of state enterprises in former socialist economies can give rise to excessive wage claims and/or capital decumulation. This paper focuses on these problems, highlighting the dynamic links between wage behavior, the fiscal deficit, inflation and the capital stock....
Persistent link: https://www.econbiz.de/10014398237
It is obvious that holding city population constant, differences in cities across the world are enormous. Urban giants ….e., heights), and population per unit interior space (i.e., crowding). The first two are far larger in the cities of developed … countries while the latter is larger for the cities of developing countries. In order to study sources of diversity among cities …
Persistent link: https://www.econbiz.de/10012103748
The paper explicitly models the dynamic strategic aspects of the interaction between the migrant and the remittance-receiving relative(s), with the migrant behaving as a Stackelberg leader. It is also different from other formalizations of remittance behavior in its treatment of the two...
Persistent link: https://www.econbiz.de/10014401824
This paper provides a model on how altruism, ""attachment"" to the home country, and portfolio diversification may act … are their degrees of altruism and ""attachment"" to their home country, and should also depend on interest rate …
Persistent link: https://www.econbiz.de/10014404024
Family businesses make up forty percent of the Fortune 500 companies in the US, generate about two-thirds of the German GDP, employ about one-half of the labor force in Britain, and account for the majority of the private economies in developing countries. This paper develops a theory of family...
Persistent link: https://www.econbiz.de/10014399982
flows could be a valuable input to the analysis of their external vulnerabilities. This paper argues that ""altruism,"" as a … that altruism could have played an important role in the flow of remittances to Egypt, Jordan, Morocco, Pakistan, and …
Persistent link: https://www.econbiz.de/10014400396
Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on...
Persistent link: https://www.econbiz.de/10011852652
The paper uses MULTIMOD to analyze the macroeconomic effects of oil price shocks, distinguishing between temporary, more persistent, and permanent shocks. It provides perspectives on several findings in the literature and the key role of monetary policy in influencing macroeconomic outcomes....
Persistent link: https://www.econbiz.de/10014403624
The collapse of the Cuban economy following the cessation of Soviet assistance gave way to a strong recovery in 1994-96. There are three possible explanations for this recovery: (i) that it never took place; (ii) that it reflected a surge in productivity resulting from stabilization and...
Persistent link: https://www.econbiz.de/10014403633