Title:On ‘Middle Ground’. The European Community and Public International Law
Author(s):SCHUTZE, RobertDate:2007Type of Publication:Working PaperSeries/Report no.:EUI LAWAbstract:Does the Community legal order constitute a closed ‘self-contained regime’ or will it be an ‘open system’? While founded on the basis of an international treaty, the European Community still had to determine – not unlike ...
Title:‘Opt-out’ Clauses for EU Energy Islands in the Third Liberalization Package: Striking balances?
Author(s):DE HAUTECLOCQUE, Adrien; AHNER, NicoleDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The Third Package allows EU energy islands to be exempted from most if not all of the acquis communautaire in energy, both on market design and the regulatory framework. However, even if a supply monopoly is the most ...
Title:Optimal Debt Bias in Corporate Income Taxation
Author(s):SIMON, JennyDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:I present a rationale for a government to discriminate between debt and equity financing when taxing corporate income. For risk-averse entrepreneurs, equity generates more surplus than debt, because it provides financing ...
Title:Optimal Monetary Policy and the Sources of Local-Currency Price Stability
Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2007Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:We analyze the policy trade-offs generated by local currency price stability of imports in economies where upstream producers strategically interact with downstream firms selling the final goods to consumers. We study the ...
Title:Optimal Monetary Policy in Open Economies
Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This chapter studies optimal monetary stabilization policy in interdependent open economies, by proposing a unified analytical framework systematizing the existing literature. In the model, the combination of complete ...
Title:Optimal Pre-Announced Tax Reform Revisited
Author(s):TRABANDT, MathiasDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Domeij and Klein (2005) have shown that the welfare gains of an optimal capital and labor income tax reform decline the longer the reform is pre-announced before its implementation. In other words, pre-announcement is ...
Title:Optimal Public Rationing: Price response and cost effectiveness
Author(s):GRASSI, Simona; MA, Ching-to AlbertDate:2009Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:We study optimal public rationing of an indivisible good and private sector price response. Consumers
differ in their wealth and cost of provisions. Due to a limited budget, some consumers must be
rationed. Public rationing ...
Title:Optimal Taxation and Constrained Inefficiency in an Infinite-Horizon Economy with Incomplete Markets
Author(s):GOTTARDI, Piero; KAJII, Atsushi; NAKAJIMA, TomoyukiDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We study the dynamic Ramsey problem of finding optimal public debt and linear taxes on capital and labor income within a tractable infinite horizon model with incomplete markets. With zero public expenditure and debt, it ...