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In this work, we use the VAR and space-state methodology to analyze how the recent developments in 20 European countries have modified the dynamics of structural shocks. Our results confirm a visible progress in (predominated output fluctuations) supply shocks convergence between the CEECs and...
Persistent link: https://www.econbiz.de/10005002525
This paper shows that internationalized production, modelled as trade in inter- mediate goods, challenges the standard result according to which exchange rate volatility insulates small open economies from external shocks. Movements of relative prices aect the economy through an additional...
Persistent link: https://www.econbiz.de/10005002526
In his 1971's Dynamic Models of Segregation paper, the economist Thomas C. Schelling showed that a small preference for … deepening the understanding of the properties of dynamic models of segregation based on Schelling's hypotheses. Its main … level of tax is sufficient under certain circumstances to significantly reduce segregation. We then investigate the effect …
Persistent link: https://www.econbiz.de/10005004754
In his 1971's Dynamic Models of Segregation paper, the economist Thomas C. Schelling showed that a small preference for … deepening the understanding of the properties of dynamic models of segregation based on Schelling's hypotheses. Its main … level of tax is sufficient under certain circumstances to significantly reduce segregation. We then investigate the effect of …
Persistent link: https://www.econbiz.de/10008793080
neutral consumers is provided by a competitive fringe. Consumers unanimously vote for a standard set at a lower than first …-best level, or for a tax delivering the first-best environmental protection level. Despite its under-provision of environmental … protection, the standard dominates the tax from a welfare perspective due to its higher productive efficiency, i.e., a smaller …
Persistent link: https://www.econbiz.de/10012269527
neutral consumers is provided by a competitive fringe. Consumers unanimously vote for a standard set at a lower than first …-best level, or for a tax delivering the first-best environmental protection level. Despite its under-provision of environmental … protection, the standard dominates the tax from a welfare perspective due to its higher productive efficiency, i.e., a smaller …
Persistent link: https://www.econbiz.de/10012507647
neutral consumers is provided by a competitive fringe. Consumers unanimously vote for a standard set at a lower than first …-best level, or for a tax delivering the first-best environmental protection level. Despite its under-provision of environmental … protection, the standard dominates the tax from a welfare perspective due to its higher productive efficiency, i.e., a smaller …
Persistent link: https://www.econbiz.de/10012257796
neutral consumers is provided by a competitive fringe. Consumers unanimously vote for a standard set at a lower than first …-best level, or for a tax delivering the first-best environmental protection level. Despite its under-provision of environmental … protection, the standard dominates the tax from a welfare perspective due to its higher productive efficiency, i.e., a smaller …
Persistent link: https://www.econbiz.de/10012504313
France and Germany have developed their own water pollution policies which combine to varying degrees incentives-based instruments and effluent limits. However, organisational traditions as well as demographic and geographical particularities have led to the implementation of different...
Persistent link: https://www.econbiz.de/10011020045
policy instrument with a tax on one pollutant and a quota on the other is sometime preferable, even if the pollutants are …
Persistent link: https://www.econbiz.de/10009322953