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 ...
Title:Optimal Wind Power Deployment in Europe - a Portfolio Approach
Author(s):ROQUES, Fabien A.; HIROUX, Céline; SAGUAN, MarceloDate:2009Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Geographic diversification of wind farms can smooth out the fluctuations in wind power generation and reduce the associated system balancing and reliability costs. The paper uses historical wind production data from five ...
Title:The Organization of Business Interests: Studying the associative action of business in advanced industrial societies
Author(s):SCHMITTER, Philippe C.; STREECK, WolfgangDate:1999Type of Publication:Working PaperSeries/Report no.:MPIfG discussion paperAbstract:The paper presents a theoretical outline for a cross-national comparative study of business associations. It identifies two clusters of independent variables that are assumed to affect the structure of intermediary ...
Title:The Organization of the EU Parliamentary Parties: the Impact of Eastern Enlargement
Author(s):BRESSANELLI, EdoardoDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:Studies in Public Policy, University of Aberdeen SPP 483Abstract:This paper elaborates on the work of Bailer and colleagues (2009) and it seeks to apply two sociological theories on the effects of group size - oligarchization and formalization - to political Groups in the European ...