Browsing by Subject "D78"

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Browsing by Subject "D78"

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    Title: A Volatility-based Theory of Fiscal Union Formation  Author(s): LUQUE, Jaime; MORELLI, Massimo; TAVARES, José Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: In a setting where heterogeneous jurisdictions share a common policy, an increase in volatility breaks unanimous support for the status-quo and may prompt a subset of jurisdictions to favor either deepening the agreement ...
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    Title: Policy Uncertainty and Investment in Low-Carbon Technology  Author(s): ALBRIZIO, Silvia; COSTA, Hélia Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: In the context of an emission trading scheme (ETS), we study how uncertainty over the environmental policy affectsfirms' investment in low-carbon technologies. We develop a three period sequential model that combines the ...
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    Title: The Pro-Competitive Effect of Campaign Limits in Non-Majoritarian Elections  Author(s): IARYCZOWER, Matias; MATTOZZI, Andrea Date: 2012 Type of Publication: Article Abstract: We study a model of elections in non-majoritarian systems that captures the link between competition in policies and competition in campaign spending. We argue that the overall competitiveness of the political arena depends ...
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    Title: Monetary Politics in a Monetary Union: A Note on Common Agency with Rational Expectations  Author(s): RUTA, Michele Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: Is the politicisation of monetary policy in a currency union desirable? This paper shows that in a setting where political influence by national governments is modeled as a common agency game with rational expectations, ...