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Search Engines and Data Retention : Implications for Privacy and Antitrust
Chiou, Lesley - 2017
This paper investigates whether larger quantities of historical data affect a firm's ability to maintain market share in Internet search. We study whether the length of time that search engines retained their server logs affected the apparent accuracy of subsequent searches. Our analysis...
Persistent link: https://www.econbiz.de/10012947653
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What is a Sustainable Public Debt?
D'Erasmo, Pablo - 2015
traditional approach to evaluate debt sustainability, and examine three alternative approaches that provide useful econometric and … model-simulation tools to analyze debt sustainability. The first approach is Bohn's non-structural empirical framework based … three approaches to analyze debt sustainability in the United States and Europe after the recent surge in public debt …
Persistent link: https://www.econbiz.de/10013015096
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A Surplus of Ambition : Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?
Eichengreen, Barry - 2014
of as much as 5 percent of GDP for as long as 10 years in order to maintain debt sustainability and bring their debt …
Persistent link: https://www.econbiz.de/10013050287
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Crunch Time : Fiscal Crises and the Role of Monetary Policy
Greenlaw, David - 2013
Countries with high debt loads are vulnerable to an adverse feedback loop in which doubts by lenders lead to higher sovereign interest rates which in turn make the debt problems more severe. We analyze the recent experience of advanced economies using both econometric methods and case studies...
Persistent link: https://www.econbiz.de/10013077956
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Informational Rents, Macroeconomic Rents, and Efficient Bailouts
Philippon, Thomas - 2011
We analyze government interventions to alleviate debt overhang among banks. Interventions generate two types of rents. Informational rents arise from opportunistic participation based on private information while macroeconomic rents arise from free riding. Minimizing informational rents is a...
Persistent link: https://www.econbiz.de/10013130980
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Offshore Profit Shifting and Domestic Productivity Measurement
Guvenen, Fatih - 2017
Beginning in 2004, official statistics display a slowdown in U.S. productivity growth. We show how offshore profit shifting by U.S. multinational enterprises affects GDP and, thus, productivity measurement. Profit shifting increased in the mid- 1990s, resulting in lower measured productivity...
Persistent link: https://www.econbiz.de/10012958592
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Ferreting Out Tunneling : An Application to Indian Business Groups
Bertrand, Marianne - 2010
In many countries, controlling shareholders are accused of tunneling, transferring resources from companies where they have few cash flow rights to ones where they have more cash flow rights. Quantifying the extent of such tunneling, however, has proven difficult because of its illicit nature....
Persistent link: https://www.econbiz.de/10012763282
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Externalities in International Tax Enforcement : Theory and Evidence
Tørsløv, Thomas; Wier, Ludvig; Zucman, Gabriel - 2022
We show that the fiscal authorities of high-tax countries can lack the incentives to combat profit shifting to tax havens. Instead, they have incentives to focus their enforcement efforts on relocating profits booked by multinationals in other high-tax countries, crowding out the enforcement on...
Persistent link: https://www.econbiz.de/10013309809
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Profit Shifting and Trade Agreements in Imperfectly Competitive Markets
Bagwell, Kyle; Staiger, Robert W. - 2021
When markets are imperfectly competitive, trade policies can alter the terms of trade, shift profits from one country to another, and moderate or exacerbate existing distortions that are associated with the presence of monopoly power. In light of the various ways in which trade policies may...
Persistent link: https://www.econbiz.de/10013311655
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The Market Microstructure of Central Bank Intervention
Dominguez, Kathryn M.E. - 2011
operations of the G-3 central banks. Previous studies using daily and weekly foreign exchange rate data suggest that central bank … learn of these operations and whether intra-daily market conditions influence the effectiveness of central bank … traders know that a central bank is intervening at least one hour prior to the public release of the information in newswire …
Persistent link: https://www.econbiz.de/10013132797