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A double-edged sword: High interest rates in capital-control regimes
2009
Persistent link: https://www.econbiz.de/10014306479
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Rethinking the Economics of Capital Mobilityand Capital Controls
Palley, Thomas I. - 2009
This paper reexamines the issue of international financial capital mobility, which is today's economic orthodoxy. Discussion is often framed in terms of the impossible trinity. That framing distorts discussion by representing capital mobility as having equal significance with sovereign monetary...
Persistent link: https://www.econbiz.de/10010460473
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How do Capital Controls Affect the Transmission of Foreign Shocks?
Cooke, Dudley - 2007
This paper studies the short-run transmission of foreign shocks in a small open economy with capital controls and a fixed exchange rate. Capital controls alter the transmission of shocks because endogenous changes in the domestic nominal interest rate affect savings and investment decisions. The...
Persistent link: https://www.econbiz.de/10010320958
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Tax Rates with Corruption: Labour-market Effects. Empirical Cross-country Comparisons on OECD Countries
Lackó, Mária - 2006
The paper investigates how tax rates, corruption and institutional aspects of the labour market influence the size of … corruption, as well as the establishment of a new concept and variable, the subjective tax rate. Alternative regression …
Persistent link: https://www.econbiz.de/10010494350
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Interrelationships of the hidden economy and some visible segments of the labour market
Lackó, Mária - 2007
the hidden economy and the size of self-employment can be explained by similar explanatory variables, tax rates and … corruption being prominent among them. In part 4 we set up and quantify a model to analyze the interrelationships among the … statistical agencies. We show that the size of this part of the hidden economy is determined by the tax rate related to the …
Persistent link: https://www.econbiz.de/10010494361
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Optimal Firm Size, Taxes, and Lay-offs
Burdett, Kenneth - 1987
Persistent link: https://www.econbiz.de/10010335156
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Corruption within a cooperative society
Kosfeld, Michael - 1997
In this paper we take up a model of Okada (1996) to describe the possibility of collective cooperation in a n-person Prisoner's Dilemma game by means of institutional arrangements. In addition, we introduce the possibility to corrupt the institutional authority by paying him some positive...
Persistent link: https://www.econbiz.de/10010291754
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Petty corruption: A game-theoretic approach
Lambert-Mogiliansky, Ariane; Majumdar, Mukul; Radner, Roy - 2008
The paper explores a game-theoreticmodel of petty corruption involving a sequence of entrepreneurs and a track of …
Persistent link: https://www.econbiz.de/10010292052
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Corruption and Political Competition
Damania, Richard; Yalcýn, Erkan - 2008
There is a growing evidence that political corruption is often closely associated with the rent seeking activities of … groups and the incidence of political corruption and determines whether electoral competition can eliminate political … corruption. We obtain some striking results. Greater electoral competition serves to lessen policy distortions. However, this in …
Persistent link: https://www.econbiz.de/10010295264
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Fighting corruption with asymmetric penalties and leniency
Lambsdorff, Johann; Nell, Mathias - 2007
Corrupt arrangements are characterized by a high risk of opportunism: double-dealing, whistle-blowing and extortion are significant uncertainties for participants in corrupt transactions. This paper demonstrates how legislators may use an asymmetric design of (criminal) sanctions and leniency...
Persistent link: https://www.econbiz.de/10010300175