Economics Working Papers, Economics Research Paper

This document concentrates on 3 connected issues. It examines the procedure of competition within the software industry, this becoming essential each in itself and for the light it throws on competition inside all industries characterised ...

This document presents a model where the question of bank regulation is formulated under a principal-agent situation in a regime exactly where the regulator has restricted means and banks might have a motivation to act ...

The paper analyses the elements driving dollarization in Lithuania throughout the period from December 1992 to August 2000. Beginning having a brief overview of the main economic and political developments in Lithuania, the study attempts ...

The investigation in this report is focused on the effect of health on the savings and consumption decisions of the aged. In basic principle, you'll find no less than 5 alternative channels through which health ...

This report is about optimal income taxation in a two-type model extended to permit for social discussion and social norms in the labour market. One sort of norm concerns the time of work amongst the ...

In this particular document, we examine the end results of fiscal policy in the course of different fiscal policy regimes. Specifically, we look into how different facets, like size, duration and composition of fiscal changes, ...

Basic forms of monetary policy generally indicate optimum policy behavior which is significantly more aggressive than what is generally seen. This specific report states that such counterfactual effects are caused by model limitations and a ...

Observers around the world are impressed by the rapid growth of China’s economy. While outside observers tend to focus on the success story of unprecedented growth policy documents and recent domestic debates in China have ...

We investigate to what extent tolerance, as measured by attitudes toward different types of neighbors, affects economic growth. Data from the World Values Survey enable us to investigate tolerance–growth relationships for 54 countries. We provide ...

The importance for public funds to stimulate public employment has long been a question on public and labor economists’ minds. In most federal countries local governments employ large fractions of the working population, meaning that ...