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Racism, xenophobia, and redistribution
Lee, Woojin; Roemer, John; van der Straeten, Karine - 2005
We report here a summary of our recent research on the effect that the race issue, in the United States, and the immigration issue in European countries, is having on the degree of redistribution and the size of the public sector that is implemented through political competition. We model...
Persistent link: https://www.econbiz.de/10010457010
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Saving Europe? The unpleasant arithmetic of fiscal austerity in integrated economies
Mendoza, Enrique G.; Tesar, Linda L.; Zhang, Jing - 2014
What are the macroeconomic effects of tax adjustments in response to large public debt shocks in highly integrated economies? The answer from standard closed-economy models is deceptive, because they underestimate the elasticity of capital tax revenues and ignore crosscountry spillovers of tax...
Persistent link: https://www.econbiz.de/10011460657
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Optimal fiscal policy when migration is feasible
Occhino, Filippo - 2005
This paper investigates how the feasibility of migration affects governments' optimal fiscal policies. We assume that … migration to welfare. In the limiting case of free mobility, all households are zero net fiscal contributors. …
Persistent link: https://www.econbiz.de/10010266357
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The revolving door indicator: Estimating the distortionary power of the revolving door
Brezis, Elise S.; Cariolle, Joel - 2014
The "revolving door" phenomenon has become very common in most industrialised countries, and is leading to conflicts of interest as well as economic distortions. The purpose of this paper is to develop an indicator of the distortionary effects of the revolving door - The Revolving Door Indicator...
Persistent link: https://www.econbiz.de/10011452600
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"Plata o Plomo?": Bribe and punishment in a theory of political influence
Dal Bó, Ernesto; Dal Bó, Pedro; di Tella, Rafael - 2002
We present a model where groups attempt to exert influence on policies using both bribes (plata, Spanish for silver) and the threat of punishment (plomo, Spanish for lead). We then use it to make predictions about the quality of a country’s public officials and to understand the role of...
Persistent link: https://www.econbiz.de/10010318937
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Die EU-Zinsenrichtlinie: Ein Schuss in den Ofen?
Gläser, Lars; Halla, Martin - 2006
Die EU hat durch die Zinsenrichtlinie einerseits eindeutig von einer Politik, die auf einem Vertrauen gegenüber dem Bürger und einer gewissen Selbstbestimmung beruhte, zu einer Vorgehensweise gewechselt die durch Misstrauen und Kontrolle geprägt ist. Andererseits erscheinen die Regelungen der...
Persistent link: https://www.econbiz.de/10010294497
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Are Monetary Rules and Reforms Complements or Substitutes? A Panel Analysis for the World versus OECD Countries
Belke, Ansgar; Herz, Bernhard; Vogel, Lukas - 2006
This paper investigates the relationship between the exchange rate regime and the degree of structural reforms using panel data techniques. We look at a broad sample of countries (the "world sample") and also an OECD sample. Our main findings suggest that adopting a fixed exchange rate rule is...
Persistent link: https://www.econbiz.de/10013370046
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Migration Correlation: Definition and Efficient Estimation
Gagliardini, Patrick; Gourieroux, Christian - Institut für Schweizerisches Bankwesen <Zürich> - 2004
The aim of this paper is to explain why cross-sectional estimated migration correlations displayed in the academic and … a model with stochastic migration in which the parameters of interest, that are migration correlations, are precisely … defined. The impossibility of estimating consistently the migration correlations from cross-sectional data only is emphasized …
Persistent link: https://www.econbiz.de/10005858516
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Was Dick Whittington Taller Than Those He Left Behind? Anthropometric Measures, Migration and the Quality of Life in Early Nineteenth Century London
Humphries, Jane; Leunig, Tim - London School of Economics and Political Science - 2007
explanatory variable in the analysis of migration. Although correlated with other variables that are routinely used in …
Persistent link: https://www.econbiz.de/10005870559
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Firm Migration and Stock Returns
Puopolo, Giovanni W. - Finrisk - 2009
This paper studies the asset pricing implications of a general equi-librium model in which real investment is reversible at a cost. Firmsface higher costs in contracting than in expanding their capital stockand decide to invest when their productive capital is scarce relativeto the overall...
Persistent link: https://www.econbiz.de/10009022140