Economics Working Papers, Economics Research Paper

Reducing tariffs and increasing consumption taxes is a standard IMF advice to countries that want to open up their economy without hurting government finances. Indeed, theoretical analysis of such a tariff-tax reform shows an unambiguous ...

The paper explores the question of whether markets under laissez-faire will be able to insulate an economy from bad government money. Some recent proposals favour freezing the monetary base, by abandoning central bank operations. This ...

A substantial literature has grown up around the issue of how inward direct investment affects host countries. On almost every aspect of this question, there seems to be a wide range of empirical results in ...

The objective of this paper is to explore how the external balance of the United States (US) might evolve in future years as the economy emerges from the recession. We examine the issue from the ...

This paper investigates the stabilization bias that arises in a model of monetary and fiscal policy stabilization of the economy, when assuming that the monetary authority put higher weight on inflation stabilization than society.

The political economy idea developed by Ackerman and Hassler (1981) is the starting point of this paper. It suggested that a coalition of environmentalists and industrialists successfully lobbied the US Congress. More strict technology-based standards ...

Two main results in traditional tax theory states the following. First, general taxes minimize the welfare loss from changed relative prices. Second, because the total public budget tends to exceed the optimal size, a leader ...

Rapidly changing labour markets in European countries are a challenge for young people seeking employment. While in many countries around half of all young people move into tertiary education, apprenticeship provides a recognised route to ...

This paper is an attempt to investigate the cost-of-living index problem in a general equilibrium multi-sector growth model. Instead of using the utility function as a compensation criterion as Konüs’ (1924) did in his original ...

This report looks at the connection involving the family and work backgrounds of elderly women in the united kingdom as well as their personal earnings in later lifetime, making use of retrospective data using the ...