Title:Les modèles à agent représentatif et la politique de taxation optimale
Author(s):AMBLER, SteveDate:1999Type of Publication:ArticleAbstract:Dans cet article, nous présentons un survol de la littérature macroéconomique sur la taxation optimale. En premier lieu, nous présentons un modèle très simple à agent représentatif afin de démontrer le résultat principal ...
Title:Lessons from the Microsoft case
Author(s):SCHMALENSEE, RichardDate:2002Type of Publication:OtherSeries/Report no.:European Investment Bank Lectures (EIB) Lecture Series
Title:Liberalizing the Intra-Ec Long-Distance Market - Promoting Competition in Basic Telephone Services
Author(s):STEHMANN, OliverDate:1991Type of Publication:ArticleAbstract:The road towards competition in telecommunications services has been quite different in the USA and the European Community. The former has pursued a policy of network fragmentation and network competition. In contrast, ...
Title:Life in the Eurozone With or Without Sovereign Default?
Author(s):ALLEN, Franklin; CARLETTI, Elena; CORSETTI, GiancarloDate:2011Type of Publication:BookAbstract:The European University Institute and the Wharton Financial Institutions Center held a conference in Florence, Italy in April 2011 that brought together leading economists, lawyers, historians and policy makers to discuss ...
Title:Likelihood Analysis of Seasonal Cointegration
Author(s):JOHANSEN, Soren; SCHAUMBURG, ErnstDate:1999Type of Publication:ArticleAbstract:The error correction model for seasonal cointegration is analyzed. Conditions are found under which the process is integrated of order I and cointegrated at seasonal frequency, and a representation theorem is given. The ...
Title:Likelihood Analysis of the I(2) Model
Author(s):JOHANSEN, SorenDate:1997Type of Publication:ArticleAbstract:The I(2) model is defined as a submodel of the general vector autoregressive model, by two reduced rank conditions. The model describes stochastic processes with stationary second difference. A parametrization is suggested ...
Title:A Linear Benchmark for Forecasting GDP Growth and Inflation?
Author(s):MARCELLINO, MassimilianoDate:2008-01-01Type of Publication:ArticleAbstract:Predicting the future evolution of GDP growth and inflation is a central concern in economics. Forecasts are typically produced either from economic theory-based models or from simple linear time series models. While a ...
Title:Liquidity and Crises
Author(s):ALLEN, Franklin; CARLETTI, Elena; KRAHNEN, Jan Pieter; TYRELL, MarcelDate:2011Type of Publication:BookAbstract:Financial crises have been pervasive for many years. Their frequency in recent decades has been double that of the Bretton Woods Period (1945-1971) and the Gold Standard Era (1880-1993), comparable only to the period during ...
Title:Liquidity Runs with Endogenous Information Acquisition
Author(s):ZWART, SanneDate:2008Type of Publication:ArticleAbstract:This paper analyzes a liquidity run model in which investors strategically acquire private information. The availability of information can eliminate the multiplicity typical for models without private information. Even ...