Motivated by fiscal austerity and the surge in emigration in Europe's periphery during the Great Recession Bandeira, Caballé and Vella study a particular type of fiscal consolidation: the one carried out through an increase in consumption tax rates. Using a small open economy model with search...

A European debate over measures ostensibly to fully achieve a single market for electronic communications across the EU was brought to a head by the European Commission's 2013 proposed Telecoms Single Market (TSM) legislative package. The Commission apparently hoped to achieve a Single European...

In this paper we analyze the risks the European Telecom market is experiencing. Many economic disincentives to investing in infrastructure are related to the fact that market value of the companies can be lower than expected. Next Generation Networks (NGN) deployment require great amounts of...