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Germany's approach to solving the Eurozone crisis is supposedly based on the ideas of Walter Eucken (1891–1950), the founder of ordoliberalism. In this and other contexts, Eucken's work has been described as being in direct opposition to that of John Maynard Keynes. Our paper aims to clarify...
Persistent link: https://www.econbiz.de/10011888488
Unanticipated changes in tax policy are likely to have different macroeconomic effects compared to anticipated changes … drives such policy surprises. We explore the nature of unanticipated tax policy changes by focusing on a political economy … over the period 1990-2018, we show that implementation lags tend to be significantly longer for tax policy change …
Persistent link: https://www.econbiz.de/10014353562
Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial...
Persistent link: https://www.econbiz.de/10012924255
The opportunistic political cycle's theories argued that the incumbent raises the visible expenses in the election time. The paper presents an alternative case that the public planning cycle impedes the incumbent to hike these expenditures. As a short-cut, the incumbent prefers to increase the...
Persistent link: https://www.econbiz.de/10012896626
Persistent link: https://www.econbiz.de/10012405889
This study examined whether nonprofit organizations diversified their revenue portfolios after the Great Recession and … analyzed using multiple regression. The results show that as GDP increased after the recession, nonprofit revenues became more … expand on this study by including more nonprofits in the study and analyzing additional tax years …
Persistent link: https://www.econbiz.de/10012834694
Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. The policy discussions and economic literature generated by the most recent wave of financial crises have...
Persistent link: https://www.econbiz.de/10012936206
This paper explains why trade liberalizations occur in developing countries, and why they are often reversed. It does so by focusing on the use of lobbying for protection by import competing firms as a means to postpone costly product quality upgrades to keep up with foreign competitors. Given...
Persistent link: https://www.econbiz.de/10014057232
Российскую версию этой статьи можно найти в: http://ssrn.com/abstract=4048675.Socialist, ‘green’ experiments had weakened Western economic power and emboldened Putin. Economic power is one of the key advantages of Israel in the Middle East and the basis...
Persistent link: https://www.econbiz.de/10013292195
when both New Zealand and Sweden implemented economic reforms that transformed their respective welfare systems. The … increase in income inequality. Moreover, the level of social welfare of New Zealanders increased slightly after the …
Persistent link: https://www.econbiz.de/10005419302