The current energy crisis poses major economic growth risks for the German economy as a whole and for German industry in particular. It also represents an enormous structural challenge for Germany as an industrial nation. A comprehensive deindustrialization in Germany across all sectors is...

The current energy crisis poses major economic growth risks for the German economy as a whole and for German industry in particular. It also represents an enormous structural challenge for Germany as an industrial nation. A comprehensive deindustrialization in Germany across all sectors is...

Thorough structural change occurs periodically across world economies. In a parsimonious overlapping generation setup with political economy, we present a novel result: structural change not only exacerbates the rise in inequality but also strengthens the preference for redistribution. Labor...

Thorough structural change occurs periodically across world economies. In a parsimonious overlapping generation setup with political economy, we present a novel result: structural change not only exacerbates the rise in inequality but also strengthens the preference for redistribution. Labor...

A growing literature documents the existence of strategic political reactions to public expenditure in one jurisdiction on either neighboring or reference jurisdictions. The latter might give raise to downward expenditure spiral, or "race to the bottom". However, in ascertaining the empirical...

This paper studies theoretically and empirically competition in commodity taxation and product market regulation between trading partner countries. We present a two-country general equilibrium model in which destination-based commodity taxes finance public goods, and product market regulation...