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The Structure of Cigarette Excises in the EU : From Myths to Reality
Primorac, Marko - 2017
the upper and the lower limit. The purpose of this article is to challenge several myths related to the cigarette taxation … in the EU. The first one is that an increase of the specific component of the cigarette excise negatively affects the … the paper is that an increase of the specific excise increases the government revenue from cigarette excises, whereby this …
Persistent link: https://www.econbiz.de/10012958889
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On the Roles of Different Foreign Currencies in European Bank Lending
Krogstrup, Signe - 2015
foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used … measures aimed at foreign currency lending have a clear impact on lending to residents. Our analysis shows that not all foreign …
Persistent link: https://www.econbiz.de/10013013086
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Competition in the Cryptocurrency Market
Gandal, Neil - 2014
We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining the changes over time in exchange rate data among cryptocurrencies. Specifically, we look at two aspects: (1) competition among different currencies, and (2) competition among exchanges...
Persistent link: https://www.econbiz.de/10013046053
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Zooming Out: The Trade Effect of the Euro in Historical Perspective
Berger, Helge; Nitsch, Volker - CESifo - 2005
currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by …
Persistent link: https://www.econbiz.de/10005405814
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Labor Market Pooling, Outsourcing and Labor Contracts
Picard, Pierre M.; Wildasin, David E. - 2014
production of intermediate goods and realize benefits from Chamberlinian externalities. Firms may also protect workers from wage …
Persistent link: https://www.econbiz.de/10014204210
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The Economics of a Multilateral Investment Agreement
Che, Jiahua - 2012
This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement,...
Persistent link: https://www.econbiz.de/10012754890
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Cross-Country Income Differences and Technology Diffusion in a Competitive World
Irmen, Andreas - 2012
This paper develops a new open-economy endogenous growth model where technology diffusion allows for a stable and non-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the social infrastructure, the degree of openness,...
Persistent link: https://www.econbiz.de/10012754962
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Enlargement versus Deepening : The Trade-Off Facing Economic Unions
Lorz, Oliver - 2012
This paper analyzes the relationship between the size of an economic union and the degree of policy centralization. We consider a political economy setting in which elected representatives bargain about the degree of centralization within the union. In our model strategic delegation affects the...
Persistent link: https://www.econbiz.de/10012754994
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The Customs Union Issue : Why Do We Observe so Few of Them?
Facchini, Giovanni - 2012
member is elected to determine the tariffs to be applied on imported goods. Under a customs union, the necessity to …
Persistent link: https://www.econbiz.de/10012755036
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Variable Selection and Inference for Multi-Period Forecasting Problems
Pesaran, M. Hashem - 2011
This paper conducts a broad-based comparison of iterated and direct multi-step forecasting approaches applied to both univariate and multivariate models. Theoretical results and Monte Carlo simulations suggest that iterated forecasts dominate direct forecasts when estimation error is a...
Persistent link: https://www.econbiz.de/10012756285