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The current law on insider trading is arbitrary and unrationalized in its limited scope in a number of respects. For example, if a thief breaks into your office, opens your files, learns material, nonpublic information, and trades on that information, he has not breached a fiduciary duty and is...
Persistent link: https://www.econbiz.de/10013086461
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region DSGE model developed by the Economic Modeling Division of the IMF for policy and scenario analysis. This paper compares two versions of GIMF, GIMF with a conventional financial accelerator, where bank balance sheets do not...
Persistent link: https://www.econbiz.de/10013016607
Tax treaties are often seen as a means to mitigate fierce tax competition. We challenge this view by arguing that taxes on passive income reduce e↵ective average tax rates, and induce neighbouring countries to react by reducing bilateral tax rates. As opposed to traditional tax competition,...
Persistent link: https://www.econbiz.de/10012291206
Tax treaties are often seen as a means to mitigate fierce tax competition. Building on former literature, we challenge this view by arguing that taxes on passive income reduce effective average tax rates; and induce neighbouring countries to react by reducing bilateral tax rates. As opposed to...
Persistent link: https://www.econbiz.de/10012216175
In this note I explore how a non-constant rate of time preference on the part of policymakers affects economic growth. In a simple dynamic general equilibrium model I show that if the incumbent government has a rate of time preference in the form of a quasi-hyperbolic discounting function tax...
Persistent link: https://www.econbiz.de/10014205751
Persistent link: https://www.econbiz.de/10008806625
This study examines the impact of children's age within grade on school victimization in elementary school …. Identification of age effects relies on the instrumental variables approach drawing on official school entry age rules based on … children's month of birth. The empirical analysis uses the PIRLS data for 17 countries where such school entry age rules are …
Persistent link: https://www.econbiz.de/10003846125
In this review, the author considers the collection by U.S.-based juvenile justice scholars on legal and policy frameworks across various international juvenile justice systems. The author analyses the conceptual discussion of the themes of each chapter. These include juvenile justice in Western...
Persistent link: https://www.econbiz.de/10012967456
This study examines the impact of children's age within grade on school victimization in elementary school …. Identification of age effects relies on the instrumental variables approach drawing on official school entry age rules based on … children's month of birth. The empirical analysis uses the PIRLS data for 17 countries where such school entry age rules are …
Persistent link: https://www.econbiz.de/10014206379