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International VAT Harmonization : Economic Effects

Frenkel, Jacob A. - 1991

This paper highlights macroeconomic issues pertinent to the understanding of the international and domestic effects of international VAT harmonization. It outlines elements of the policies of VAT harmonization envisaged for Europe of 1992, and develops a basic tax model which is suitable for the...

Persistent link: https://www.econbiz.de/10012475346

Participation in a Currency Union

Casella, Alessandra - 1990

When countries of different sizes participate in a cooperative agreement, the potential gain from deviation determines the minimum power that each country requires in the common decision-making. <br><bR>This paper studies the problem in the context of a monetary union - multiple countries sharing a...

Persistent link: https://www.econbiz.de/10012475817

A Contagious Malady? Open Economy Dimensions of Secular Stagnation

Eggertsson, Gauti B. - 2016

examine the effect of capital flows on the transmission of stagnation. In a world with a low natural rate of interest, greater …

Persistent link: https://www.econbiz.de/10012456376

Financial Frictions in Production Networks

Bigio, Saki - 2016

We study how an economy's production structure determines the response of aggregate output and employment to sectoral financial shocks. In our framework, economic production is organized in an input-output network in which firms face financial constraints on their working capital. We show how...

Persistent link: https://www.econbiz.de/10012456463

Currency Unions and Trade : A Post-EMU Mea Culpa

Glick, Reuven - 2015

In our European Economic Review (2002) paper, we used pre-1998 data on countries participating in and leaving currency unions to estimate the effect of currency unions on trade using (then-) conventional gravity models. In this paper, we use a variety of empirical gravity models to estimate the...

Persistent link: https://www.econbiz.de/10012457134

Immigration, International Collaboration, and Innovation : Science and Technology Policy in the Global Economy

Freeman, Richard B. - 2014

Globalization of scientific and technological knowledge has reduced the US share of world scientific activity … the changing global world of science and technology. These include aligning immigration policies more closely to the …

Persistent link: https://www.econbiz.de/10012458144

Get Rid of Unanimity : The Superiority of Majority Rule with Veto Power

Bouton, Laurent - 2014

A group of agents wants to reform the status quo if and only if this is Pareto improving. Agents have private information and may have common or private objectives, which creates a tension between information aggregation and minority protection. We analyze a simple voting system - majority rule...

Persistent link: https://www.econbiz.de/10012458249

Some Inconvenient Truths About Climate Change Policy : The Distributional Impacts of Transportation Policies

Holland, Stephen P. - 2011

Instead of efficiently pricing greenhouse gases, policy makers have favored measures that implicitly or explicitly subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies currently in use: ethanol subsidies, a renewable fuel standard (RFS),...

Persistent link: https://www.econbiz.de/10012461272

Trade and the Greenhouse Gas Emissions from International Freight Transport

Cristea, Anca D. - 2011

responsible for 33 percent of world-wide trade-related emissions, and over 75 percent of emissions for major manufacturing … production emissions per dollar of exports are 16 percent below the world average, but once we include transport US emissions per … dollar exported are 59 percent above the world average. We use our data to systematically investigate whether trade inclusive …

Persistent link: https://www.econbiz.de/10012461540

The Ruble Collapse in an Online Marketplace : Some Lessons for Market Designers

Horton, John J. - National Bureau of Economic Research - 2021

The sharp devaluation of the ruble in 2014 increased the real returns to Russians from working in a global online labor marketplace, as contracts in this market are dollar-denominated. Russians clearly noticed the opportunity, with Russian hours-worked increasing substantially, primarily on the...

Persistent link: https://www.econbiz.de/10012510580