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Idiosyncrasy of Business Cycles Across EU Countries

Gregers Linaa, Jesper - 2002

This paper analyses the underlying dynamics of business cycles in the EU-15. Existing literature mainly focuses n the comovement of expansion and contraction phases, while this paper seeks to test the idiosyncrasy of business cycles by studying growth pattern and deepness of industrial...

Persistent link: https://www.econbiz.de/10010320960

Club-in-the-Club: Reform under Unanimity

Berglöf, Erik; Burkart, Mike; Friebel, Guido; … - 2009

In many organizations, decisions are taken by unanimity giving each member veto power. We analyze a model of an organization in which members with heterogenous productivity privately contribute to a common good. Under unanimity, the least efficient member imposes her preferred effort choice on...

Persistent link: https://www.econbiz.de/10010320979

Tax Evasion and Swiss Bank Deposits

Johannesen, Niels - 2010

Bank deposits in jurisdictions with banking secrecy constitute an effective tool to evade taxes on interest income. A … source tax on Swiss bank deposits held by EU residents while using that non-EU residents were not subject to the tax to apply … a natural experiment methodology. We find that the 15% source tax caused Swiss bank deposits of EU residents to drop by …

Persistent link: https://www.econbiz.de/10010320984

An Evaluation of the Tax-Transfer Treatment of Married Couples in European Countries

Immervoll, Herwig; Jacobsen Kleven, Henrik; Thustrup … - 2008

This paper presents an evaluation of the tax-transfer treatment of married couples in 15 EU countries using the EUROMOD microsimulation model. First, we show that many tax-transfer schemes in Europe feature negative jointness defined as a situation where the tax rate on one person depends...

Persistent link: https://www.econbiz.de/10010321005

Open borders, transport links and local labor markets

Åslund, Olof; Engdahl, Mattias - 2013

We study the labor market impact of opening borders to low-wage countries. The analysis exploits time and regional variation provided by the 2004 EU enlargement in combination with transport links to Sweden from the new member states. The results suggest an adverse impact on earnings of present...

Persistent link: https://www.econbiz.de/10010321124

Economic conditions at the time of birth and cognitive abilities late in life: Evidence from eleven European countries

Doblhammer, Gabriele; van den Berg, Gerard J.; Fritze, … - 2011

With ageing populations and a stronger reliance on individual financial decision-making concerning asset portfolios, retirement schemes, pensions and insurances, it becomes increasingly important to understand the determinants of cognitive ability among the elderly. To study effects of the...

Persistent link: https://www.econbiz.de/10010321132

Det Danske finansielle system: En sammenligning med Eurolandene

Berg, Jesper; Sørensen, Christoffer Kok - 2005

This Working Paper compares the Danish financial system with that of the Euro area countries using three different analytical approaches. The structure of the financial system is analyzed showing who saves, how the savings are processed to the users, and who the users of capital are. The...

Persistent link: https://www.econbiz.de/10010321175

E-payment products and value-added services: Moving towards an innovative European internal market

Amundsen, Elin; Kalsone, Dace - 2009

Central banks analyse issues concerning retail payments - or just payments - to be able to promote optimal means of payment. Over the years, electronic payments - i.e. payments initiated and settled electronically - have gradually replaced manual paper-based payments on the grounds of...

Persistent link: https://www.econbiz.de/10010321186

Konjunkturcykler i Danmark og Europa

Dam, Niels Arne - 2008

Several countries at the core of the Euro area have experienced coincident business cycles during the most recent decades, while the Danish economy seemed detached from these cycles during the 1980's and part of the 1990's. To a large degree, the decoupling of the Danish economy reflects...

Persistent link: https://www.econbiz.de/10010321203

What drives financial markets? Real-time macroeconomic indicators

Hansen, Jakob Lage - 2006

It is difficult to identify the driving forces behind financial market developments as they are not directly observable. The paper argues that correlations between asset prices in different markets can be used to infer which of five macroeconomic factors that drive markets (growth and inflation...

Persistent link: https://www.econbiz.de/10010321221