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  • 1
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    European monetary integration (2004)
    Cambridge, Mass : MIT Press
    CESifo seminar series  
    Details
    Keywords: Economic and Monetary Union. ; European Union countries, Economic integration. ; Monetary unions, European Union countries.
    Notes: Economic performance and stabilization policy in a monetary union with imperfect labor and goods' markets / Fabrizio Coricelli, Alex Cukierman, and Alberto Dalmazzo ; Discussant: Erkki Koskela -- Asymmetric transmission of monetary policy: what should the ECB do if one size does not fit all? / Daniel Gros and Carsten Hefeker ; Discussant: Jørgen Elmeskov -- Is the ECB too decentralized? / Jakob de Haan, Helge Berger, and Robert Inklaar ; Discussant: Mika Widgrén -- Fiscal aspects of Central Bank independence / Christopher A. Sims ; Discussant: Svend E. Hougarrd Jensen -- Seignorage wealth in the Eurosystem: eurowinners and eurolosers revisited / Hans-Werner Sinn and Holger Feist ; Discussant: Jouko Vilmunen -- Financial fragility, bubbles, and monetary policy / Gerhard Illing ; Discussant: Phillippe Bacchetta
    Pages: xvi, 176 p.
    ISBN: 1-417-56086-X
    URL: http://www.netLibrary.com/urlapi.asp?action=summary&v=1&bookid=122553
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    E-Book (German National Licenses)
  • 2
    Electronic Resource
    Electronic Resource
    Germany’s Economic Unification: An Assessment after Ten Years (2002)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Review of international economics 10 (2002), S. 0 
    Details
    ISSN: 1467-9396
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the eastern area have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east has been coming from the west, investment in equipment has fallen below the west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 59% of west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high among the possible explanations. This paper describes reforms of the labor market that could help to make convergence continue.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9396.00321
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    Paper (German National Licenses)
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  • 3
    Electronic Resource
    Electronic Resource
    The Sahel Problem (1988)
    Oxford, UK : Blackwell Publishing Ltd
    Kyklos 41 (1988), S. 0 
    Details
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-6435.1988.tb02306.x
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  • 4
    Electronic Resource
    Electronic Resource
    Die Bedeutung des Accelerated Cost Recovery System für den internationalen Kapitalverkehr (1984)
    Oxford, UK : Blackwell Publishing Ltd
    Kyklos 37 (1984), S. 0 
    Details
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: The paper studies the impact on international capital movements of the accelerated tax depreciation scheme introduced in the U. S. A. under the REAGAN administration. It is argued on theoretical grounds that, contrary to most other potential tax reforms, this depreciation scheme calls for a substantial restructuring in the world-wide capital stock in favor of the U. S. Moreover, it is demonstrated that the scheme may induce severe sectoral changes within national economies. Countries that do not take countervailing actions against the U. S. policy are likely to experience a rise in their labour intensive industries at the expense of losing their capital intensive industries. A tentative estimate based on stylized economic facts indicates the necessity of a capital import into the U. S. of at least 7% of the OECD capital stock, which means that even with a doubling of the 1983 U. S. current account deficit of $40 billion more than a decade would have to pass in order for the required structural changes to be accomplished.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-6435.1984.tb00758.x
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  • 5
    Electronic Resource
    Electronic Resource
    Expected utility, μ-σ preferences, and linear distribution classes: A further result (1990)
    Springer
    Journal of risk and uncertainty 3 (1990), S. 277-281 
    Details
    ISSN: 1573-0476
    Keywords: μ-σ criterion ; von Neumann-Morgenstern utility ; linear distribution class ; location and scale parameter family
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article is an extension of Meyer and Sinn's results on the representation of arbitrary von Neumann-Morgenstern functions in μ-σ space when the probability distributions to be compared belong to a linear distribution class. It shows that, when absolute risk aversion decreases, stays constant, or increases not too fast, an increase in σ, given μ, increases the indifference curve slope: increased riskiness increases the required marginal compensation for risk when risk is measured by the standard deviation of wealth or income.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00116785
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  • 6
    Electronic Resource
    Electronic Resource
    Social insurance, incentives and risk taking (1996)
    Springer
    International tax and public finance 3 (1996), S. 259-280 
    Details
    ISSN: 1573-6970
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract From the perspective of parents, redistributive taxation can be seen as social insurance for their children, for which no private alternative exists. Because private insurance comes too late during a person's life, it cannot cover the same risks as social insurance. Empirically, 85% of social insurance covers risks for which no private insurance would have been available. Redistributive taxation can be efficiency enhancing, because it creates safety and because it stimulates income generating risk taking. However, it also brings about detrimental moral hazard effects. Both the enhancement of risk taking and the moral hazard effects tend to increase the inequality in the economy, and, under constant returns to risk taking, this increase is likely to be strong enough even to make the net-of-tax income distribution more unequal. Optimal redistributive taxation will either imply that the pie becomes bigger when there is less inquality in pre-tax incomes or that more redistribution creates more post-tax inequality.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00418944
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  • 7
    Electronic Resource
    Electronic Resource
    Pollution, Factor Taxation and Unemployment (1998)
    Springer
    International tax and public finance 5 (1998), S. 379-396 
    Details
    ISSN: 1573-6970
    Keywords: factor taxation ; green tax reform ; unemployment ; trade unions
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract When consumers choose between clean and dirty goods and the labour market clears, a green tax reform may not bring about a double dividend in the sense of increasing environmental quality and increasing employment. However, when firms choose between clean and dirty factors of production, and when there is unemployment, such a result is very likely to occur. The paper investigates a model of a monopolistic firm where labour and energy are factors of production and trade unions negotiate the wage rate, accepting some unemployment as a result of aggressive wage demands. It is shown that, in such a framework, a green tax reform will boost employment provided it does not increase the net-of-tax wage rate by too much. This is the case when the elasticity of substitution between labour and energy is greater than one, equal to one or not too far below one.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1008642512728
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  • 8
    Electronic Resource
    Electronic Resource
    The limits to competition between economic regimes (1990)
    Springer
    Empirica 17 (1990), S. 3-14 
    Details
    ISSN: 1573-6911
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00929341
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  • 9
    Electronic Resource
    Electronic Resource
    Capital income taxation, depreciation allowances and economic growth: A perfect-foresight general equilibrium model (1981)
    Springer
    Journal of economics 41 (1981), S. 295-305 
    Details
    ISSN: 1617-7134
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Conclusions The results indicated in Table 1 show that incomplete depreciation allowances reinforce the distortions in the equilibrium growth path brought about by an ideal capital income tax. A reduction in the deductible share of economic depreciation, like an increase in the tax rate, raises the current level of consumption, but reduces the steady state levels of consumption and capital per efficiency unit of labour. The reason for these distortions is that the tax law is able to drive wedges both between the rate of time preference and the market rate of interest, and between the latter and the marginal productivity of capital. The first wedge is created through capital income taxation as such and its size is directly related to the tax rate. The second wedge is created by the incomplete deductibility of depreciation. Its size is directly related to the tax rate and inversely to the deductible share of depreciation. For the distortion in the growth path of the economy it is the sum of the two wedges that counts. Therefore it is plausible that incomplete depreciation allowances reinforce the effects of capital income taxation. Knowing the determinants of the two wedges one can easily derive the influence of a tax reform on the marginal productivity of capital, the market rate of interest and the rate of time preference (cf. Table 2). In the short run, the system of these three interest rates is anchored by the marginal productivity of capital, and hence any measure that widens a wedge is translated into a reduction in the rate or those rates below the wedge. In the long run the system is anchored by the rate of time preference and an increase in the width of a wedge is translated into an increase in those rates or that rate above this wedge.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01287554
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  • 10
    Electronic Resource
    Electronic Resource
    Sufficient conditions for a vanishing Clarke tax — a note (1986)
    Springer
    Journal of economics 46 (1986), S. 65-72 
    Details
    ISSN: 1617-7134
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01349305
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