Title:Prudent Budgetary Policy Political Economy of Precautionary Taxation
Author(s):VAN DER PLOEG, FrederickDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The theory of tax smoothing and determination of public debt with uncertain future national
income is extended for prudence. A prudent government deliberately underestimates future
national income and the tax base, ...
Title:Prudent Monetary Policy and Cautious Prediction of the Output Gap
Author(s):VAN DER PLOEG, FrederickDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:ABSTRACT
Using the results of risk-adjusted linear-quadratic-Gaussian optimal control with perfect and imperfect observation of the economy, we obtain prudent Taylor rules for monetary policies and also allow for imperfect ...
Title:Psychological Factors and Labour Market Outcomes: The Case of Immigrants and their Children in Germany
Author(s):THUM, Anna-ElisabethDate:2011Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:Chapter I:
Europe is facing the challenge of integrating a growing number of immigrants and their offspring. On the one hand immigration can be a necessity to overcome problems arising from demographic changes but on the ...
Title:Putting Things in Order: Trade Dynamics and Product Cycles
Author(s):FEENSTRA, Robert; ROSE, Andrew K.Date:2000Type of Publication:ArticleAbstract:We develop a procedure to rank-order objects using censored panel data sets. We illustrate this by ranking countries and commodities using disaggregated American import data and find evidence that countries and commodities ...