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decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions … prevent first-best risk sharing, but never optimal to provide incentives exclusively via this technology. Commitment problems …
Persistent link: https://www.econbiz.de/10009635888
This paper proposes a new paradigm for the analysis of monetary policy. From an econometric point of view this new approach is just as easy to implement as reduced form analysis, but is robust to the Lucas critique. It requires no explicit prior theory and yet it encompasses all standard DSGE...
Persistent link: https://www.econbiz.de/10009635920
Does schooling generate social returns in excess of the private returns captured by the individual who makes the human capital investment? As a strategy to detect human capital externalities I use Dutch survey data to estimate the impact of the average human capital stock in a region on...
Persistent link: https://www.econbiz.de/10009640175
The study had a threefold objective: Collecting data and evidence, testing a range of remedies to improve consumer decision-making and interest in cross-border offers, and estimating savings consumers could make. The preparatory phase involved the collection of qualitative and quantitative...
Persistent link: https://www.econbiz.de/10012036383
It is widely recognised that the enlargement of the European Union to ten new member states in May 2004 represents great institutional and political challenges both for the u0091oldu0092 and u0091newu0092 member states. The EU has tried already three times to prepare its decision-making...
Persistent link: https://www.econbiz.de/10009636844
Persistent link: https://www.econbiz.de/10009637118
Knowledge base for Forward-looking information and services (FLIS) is a platform to support long-term decision-making. The aim of FLIS is to introduce forward-looking components and perspectives into existing environmental information systems and to expand the knowledge base and its use.
Persistent link: https://www.econbiz.de/10009668598
international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …
Persistent link: https://www.econbiz.de/10009635970
This report is about gathering information on the hazards raised by human economic activities and its use in taking action to protect better the environment and the health of the species and ecosystems that are dependent on it. The study aims to contribute to better and more accessible...
Persistent link: https://www.econbiz.de/10009635974
This report is about gathering information on the hazards raised by human economic activities and its use in taking action to protect better the environment and the health of the species and ecosystems that are dependent on it. The study aims to contribute to better and more accessible...
Persistent link: https://www.econbiz.de/10009636105