In the context of a stylised game theoretical framework of capital tax competition, we show that when repeated policy interactions are associated to a systematic punishment of the deviating policymaker, a co-ordinated outcome can be the solution to the non co-operative tax game. This result...

Based on a literature review, this paper investigates the reasons why broad money demand has usually been found to be more stable in the euro area than in other large economies. The paper concludes that there are three main explanations for this fact. First, in some countries outside the euro...

The rapid changes in technologies that are used for R&D have created new opportunities and needs for strategic management of IPRs and knowledge, especially when used in a collaborative context. The use of new ICT technologies is fundamentally altering the way R&D is done. This is leading to a...