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Optimal Emission Pricing in the Presence of International Spillovers: Decomposing Leakage and Terms-of-Trade Motives

Böhringer, Christoph; Lange, Andreas; Rutherford, Thomas F. - 2012

Carbon leakage provides an efficiency argument for unilateral climate policy to differentiate emission prices in favor of emission-intensive and trade-exposed sectors. At the same time, differential emission pricing can be (mis-)used as a beggar-thy-neighbor policy to exploit terms of trade....

Persistent link: https://www.econbiz.de/10010435680

The Comparison Between Ad Valorem and Specific Taxation under Imperfect Competition: Evidence from the European Cigarette Industry

Delipalla, Sophia; O'Donnell, Owen - 1998

Recent theoretical work has shown that the incidence of ad valorem and specific taxes may differ and each may be over or under-shifted onto consumers in the presence of imperfect competition. Empirical comparison of the price effects of the two taxes is limited. There are no previous estimates...

Persistent link: https://www.econbiz.de/10010443301

Estimating Tax Incidence, Market Power and Market Conduct: The European Cigarette Industry

Delipalla, Sophia; O'Donnell, Owen - 1999

Recent theoretical work has shown that the incidence of ad valorem and specific taxes may differ and each may be over or under-shifted onto consumers in the presence of imperfect competition. These results are used to derive a method of estimating market power and conduct. An application is made...

Persistent link: https://www.econbiz.de/10010443321

Unemployment Hysteresis in the US and the EU: a Panel Data Approach

León-Ledesma, Miguel A. - 2000

This paper applies the panel unit root test proposed by Im, Pesaran and Shin (1997) to test for unemployment hysteresis in the US states and the EU countries against the alternative of a natural rate. The results show that hysteresis for the EU and the natural rate for the US states are the most...

Persistent link: https://www.econbiz.de/10010443340

Monetary policy and commodity price shocks

Tober, Silke; Zimmermann, Tobias - 2008

This paper analyses the effects of commodity price shocks in a new Keynesian model. The focus is on the central bank … inflation is the superior strategy. Targeting expected headline inflation, as practiced by most central banks, is a viable … supply shock, central banks would do well to focus on some measure of core inflation rather than headline inflation so as to …

Persistent link: https://www.econbiz.de/10010460469

Squaring the circle in Euroland? Some remarks on the Stability and Convergence Programmes 2010-2013

van Treeck, Till; Tober, Silke; Truger, Achim; Brecht, … - 2010

It is generally held, from both a global and a European perspective, that the three most impor-tant objectives for the years to come are 1) the reduction of current account imbalances, 2) the reduction of public deficits, and 3) the reduction of unemployment. This paper argues that the Stability...

Persistent link: https://www.econbiz.de/10010460487

Driving forces behind the sectoral wage costs differentials in Europe

Logeay, Camille; Stephan, Sabine; Zwiener, Rudolf - 2011

In 2004, Eurostat starts publishing new figures on hourly wage costs for all European countries. These figures are new in several respects: It is the first time that internationally comparable hourly figures on wage costs are available covering a quite important time period (1995-2005), so that...

Persistent link: https://www.econbiz.de/10010460509

Das hohe Risiko von Fremdwährungsanleihen

Grabau, Maik; Joebges, Heike - 2012

Häufig wird angenommen, Deutschland und andere von demographischen Problemen betroffene Industrieländer könnten Finanzierungsprobleme der Rentenversicherung durch eine stärkere Kapitaldeckung inklusive Anlage dieses Kapitals im Ausland abmildern. Neben der Annahme, dass die Rendite bei...

Persistent link: https://www.econbiz.de/10010460519

Preiswerte Arbeit in Deutschland: Auswertung der aktuellen Eurostat-Arbeitskostenstatistik

Horn, Gustav A.; Logeay, Camille; Stephan, Sabine; … - 2007

Die jüngste Auswertung der Eurostat Arbeitskostenstatistik zeigt, dass Deutschland bei den gesamtwirtschaftlichen Arbeitskosten nach wie vor einen Platz im Mittelfeld einnimmt. Im Verhältnis zu anderen westeuropäischen Ländern haben sich die deutschen Arbeitskosten abermals verbilligt....

Persistent link: https://www.econbiz.de/10010460591

Aufschwung legt Pause ein: Gemeinschaftsdiagnose Herbst 2007

2007

Die deutsche Wirtschaft wird im laufenden Jahr trotz der Dämpfung aufgrund der restriktiven Finanzpolitik, des drastischen Anstiegs des Ölpreises sowie der Turbulenzen an den Finanzmärkten und der Aufwertung des Euro um 2,6 % wachsen. Nach dem Urteil der Institute sind die endogenen...

Persistent link: https://www.econbiz.de/10010460592