Showing 1 - 10 of 376
government finance is growth-reducing but deflationary. From a welfare perspective, the least distortionary way of financing an …
Persistent link: https://www.econbiz.de/10010397468
This paper analyzes multiple reserve requirements of the type that have been imposed by a number of developing countries. We show that previous theoretical work on this topic has not succeeded in providing a social welfare rationale for the existence of multiple reserve requirements. We go on to...
Persistent link: https://www.econbiz.de/10010397490
This paper analyzes multiple reserve requirements of the type that have been imposed by a number of developing countries. We show that previous theoretical work on this topic has not succeeded in providing a social welfare rationale for the existence of multiple reserve requirements: in the...
Persistent link: https://www.econbiz.de/10010397493
This paper examines the patterns and trends in inter-state migration across Indian states and observes that migration is affected by demographic profile as well as the fiscal profile of states. Econometric estimation suggests that level of vertical federal transfers and its horizontal...
Persistent link: https://www.econbiz.de/10011943811
Strategic interjurisdictional behavior and the interaction over time of the mean and dispersion of average tax rates across states are analyzed in a vector autoregression model. Variance decompositions reveal that fiscal competition explains roughly one-third of the time variation of state and...
Persistent link: https://www.econbiz.de/10010397473
To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both an economic and a legal point of view. In addition to relevant elements of the WTO Agreements,...
Persistent link: https://www.econbiz.de/10010435382
I use a detailed panel of data and a unique modeling specification to explore how public schoolteachers respond to the … incentives embedded in North Carolina's retirement system. Like most public-sector retirement plans, North Carolina's teacher …
Persistent link: https://www.econbiz.de/10011781183
location also benefit from a public good that enhances their productivity. The model predicts that in the competitive … positive effect of public goods in urban production. …
Persistent link: https://www.econbiz.de/10011400642
actions is perfect (perfect monitoring), noisy but public (public monitoring), and noisy and private (private monitoring). We … treatments. Specifically, we observe that the strategies are more complex under public and private monitoring than under perfect … forgiving than under public monitoring. …
Persistent link: https://www.econbiz.de/10011421467
We estimate the public-private sector pay gap for 27 European countries, using the 2008 EU SILC. The coefficients of … conditional (on personal and job characteristics) public sector controls give a first impression on wage differences, while … decomposition analyses show that the public-private pay gap is, generally, negatively related to income quantiles. …
Persistent link: https://www.econbiz.de/10010331976