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The U.S. Constitution removed real and monetary trade barriers between the states. By contrast, these states when they were British colonies exercised considerable real and monetary autonomy over their borders. Purchasing power parity is used to measure how much economic integration between the...
Persistent link: https://www.econbiz.de/10012464810
Both the U.S. and the EU are an economic union: There is a single market for goods, capital, finance, and labor. That is, there is free mobility of goods and services, physical and financial capital, and labor among the member countries of the union. Nevertheless, there is much higher degree of...
Persistent link: https://www.econbiz.de/10012496111
Social distancing via shelter-in-place strategies, and wearing masks, have emerged as the most effective non-pharmaceutical ways of combatting COVID-19. In the United States, choices about these policies are made by individual states. We develop a game-theoretic model and then test it...
Persistent link: https://www.econbiz.de/10012496132
; Australia, Canada and the United Kingdom … Supply and Use framework. In Australia and United Kingdom, the supply and use framework is used to balance and benchmark the …. In Canada the supply and use framework is used to determine the level of GDP but not all of the components of the flow of …
Persistent link: https://www.econbiz.de/10012467579
What is the socially optimal level of liquidity in a retirement savings system? Liquid retirement savings are desirable because liquidity enables agents to flexibly respond to pre-retirement events that raise the marginal utility of consumption. On the other hand, pre-retirement liquidity is...
Persistent link: https://www.econbiz.de/10012457499
and the UK. Over the past three decades coverage remained fairly stable in Canada and Australia; in the UK and US coverage … Australia, Canada, the UK and US. Cross-country and time series variation in survey methodology and experience is used to assess …First, coverage of aggregate expenditure relative to national account is examined. Coverage rates are highest in Canada …
Persistent link: https://www.econbiz.de/10012459117
This paper explores the changing role of government involvement in health care financing policy outside the United States. It provides a review of the economics literature in this area to understand the implications of recent policy changes on efficiency, costs and quality. Our review reveals...
Persistent link: https://www.econbiz.de/10012459221
parliamentary democracies (Europe) and presidential-congressional systems (USA) to show that increasing tax competition is likely to …
Persistent link: https://www.econbiz.de/10012469372
1992) are added to compare attitudes towards democracy. Two comparisons are made: between countries, and through time, to …
Persistent link: https://www.econbiz.de/10012456647
We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … positive increase in the rate of pay growth, holding all else equal. This linkage appears stronger in the US than in Canada … productivity growth, particularly in large relatively closed economies like the USA, will tend to raise middle class incomes. At …
Persistent link: https://www.econbiz.de/10012794576