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How to Tackle the Gulf of Aden Buccaneers
Calahorrano, Lena; an de Meulen, Philipp - 2010
The surge of maritime piracy in the Gulf of Aden is often related to lawlessness and poverty in Somalia. We set up a simple model to describe the choice of becoming a pirate in a setting with an industrialized and a developing country which both engage in fishing in the same waters. As a result...
Persistent link: https://www.econbiz.de/10010301553
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The EU Structural Funds as a Means to hamper Migration
Schmidt, Peter - 2012
neoclassical economic theory migration, besides the free flow of goods, services and capital, plays an important role in assuring … three parts. First, the theoretical background concerning migration and the potential need for regional policy is presented …. In the second part, we discuss the actual situation of internal migration and examine why migration rates are …
Persistent link: https://www.econbiz.de/10011340754
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On the (In)effectiveness of Fiscal Devaluations in a Monetary Union
von Thadden, Leopold; Lipinska, Anna - 2013
This paper explores the fiscal devaluation hypothesis in a model of a monetary union characterised by national fiscal and supranational monetary policy. We show that a unilateral tax shift towards indirect taxes in one of the countries produces small but non-negligible long-run effects on output...
Persistent link: https://www.econbiz.de/10010329543
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Measuring fiscal spillovers in EMU and beyond: A Global VAR approach
Belke, Ansgar; Osowski, Thomas - 2017
We identifiy and measure fiscal spillovers in the EU countries using a global vector autoregression (GVAR) model. We find moderate spillover effects of fiscal policy shocks originating in Germany and France and significant variation regarding magnitude of the spillovers among destination...
Persistent link: https://www.econbiz.de/10011712615
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Political competition and support for agriculture
Fałkowski, Jan; Olper, Alessandro - 2010
This paper investigates whether political competition plays an important role in determining the level of agricultural protection. In order to do so, we exploit variation in political and economic data from 74 developing and developed countries for the post-war period. Our results robustly show...
Persistent link: https://www.econbiz.de/10010307570
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Fiscal policy over the business cycle in Germany - a tale in three acts. Evidence from a time-varying VAR analysis 1970-2008
Priesmeier, Christoph - 2010
Large parts of the empirical economic literature state that policy makers have ex-post proven to be unable to time fiscal policy measures countercyclically. In this paper we expand the usually applied empirical approaches and allow for changing reaction patterns over time by employing not only...
Persistent link: https://www.econbiz.de/10010273610
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Fiscal policy coordination in currency unions (at the zero lower bound)
Müller, Gernot Johannes; Hettig, Thomas; Mueller, Gernot - 2015
Within currency unions, according to the pre-crises consensus, countries can rely on fiscal policy to stabilize economic activity locally. Monetary policy's role, in turn, is to stabilize economic activity at the union level. Against this background, we reassess the optimal degree of fiscal...
Persistent link: https://www.econbiz.de/10011301422
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What is Happening with the Government Expenditure of Developing Countries - A Panel Data Study
Shonchoy, Abu - 2010
The paper focuses on the recent pattern of government expenditure for developing countries and estimates the determinants which may have influenced government expenditure. Using a panel data set for 111 developing countries from 1984 to 2004, this study finds evidence that political and...
Persistent link: https://www.econbiz.de/10010301505
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"Haircuts" for the EMU Periphery: Virtue or Vice?
Neck, Reinhard; Blüschke, Dmitri - 2013
We use a dynamic game model of a two-country monetary union to study the impacts of an exogenous fall in aggregate demand, the resulting increase in public debt, and the consequences of a sovereign debt haircut for a member country or bloc of the union. In this union, the governments of...
Persistent link: https://www.econbiz.de/10010329410
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Fiscal Policy, Monetary Regimes and Current Account Dynamics
Hohberger, Stefan; Herz, Bernhard - 2012
The paper examines the stabilizing properties of fiscal policy for current account imbalances under alternative exchange rate regimes. Using a small open economy DSGE model with fiscal feedback rules, we investigate the dynamic responses of different shocks to macroeconomic variables and their...
Persistent link: https://www.econbiz.de/10010310672