Die EU wendet für den Import marokkanischer Tomaten ein komplexes System von Präferenzregelungen an. Die Einfuhrmenge ist zugleich durch Einfuhrpreis- und Zollkontingente begrenzt. Dieser Beitrag zeigt empirisch die Existenz einer Rente im Rahmen der Präferenzregelung in einer Höhe von...

Der vorliegende Beitrag beschreibt die Anwendung der logistischen Funktionsform zur Abbildung der Preistransmission von internationalen auf nationale Märkte im partiellen Nettohandels-Gleichgewichtsmodell ESIM (European Simulation Model). Am Beispiel des europäischen Rindfleischmarktes wird...

The Friedman rule, a widely studied prescription for monetary policy, is optimal inTownsend’s turnpike model of money; it is not so in the overlapping generations versionof his stochastic relocation model of money. We investigate these monetary models inthe light of this disparity. To that...

We describe a model for the optimization of the issuances of Public Debt securities developed together with the Italian Ministry of Economy and Finance. The goal is to find the composition of the portfolio issued every month which minimizes a specific "cost function". Mathematically speaking,...

Since the start of the financial crisis, industrial country public debt levels have increased dramatically. And they are set to continue rising for the foreseeable future. A number of countries face the prospect of large and rising future costs related to the ageing of their populations. In this...

This paper studies public-debt runs under alternative assumptions on the distribution oftaxes among tax bases, the distribution of debt among classes of taxpayers, and thedistributive preferences of the government. Asymmetries in the distribution of taxes--arising, for example, from income-tax...

In financial and economic policy circles concerned with public debt in developingcountries, a rising debt-GDP ratio is interpreted as a signal of overborrowing, warn-ing of debt defaults if strong fiscal corrections are not adopted in time. This papershows why this interpretation is incorrect by...

The ratios of public debt as a share of GDP of Brazil, Colombia, and Mexico were 12 percentagepoints higher on average during the period 1996-2005 than in the period 1990-1995. CostaRica's debt ratio remained stable but at a high level near 50 percent. Is there reason to beconcerned for the...

chorus of the tragedy which plays on the world stage. The main thesis of our work is that,despite the triumphant rhetoric praising the merits of perfect competition, the global fields ofthe dysfunctional market system have mushroomed in what we call Warrant Economics forthe Free-Market...