Title:The Value Added Tax: Its Causes and Consequences
Author(s):KEEN, Michael; LOCKWOOD, BenDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Almost unknown in 1960, the value added tax (VAT) is now found in more than 130 countries, raises
around 20 percent of the world’s tax revenue, and has been the centerpiece of tax reform in many developing
countries. ...
Title:Value of Information in Competitive Economies with Incomplete Markets
Author(s):GOTTARDI, Piero; RAHI, RohitDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We study the value of information in a competitive economy in which agents trade in asset markets to reallocate risk. We characterize the kinds of information that allow a welfare improvement when portfolios can be freely ...
Title:Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment
Author(s):CORSETTI, Giancarlo; MARTIN, Philippe; PESENTI, PaoloDate:2008Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Most analyses of the macroeconomic adjustment required to correct global imbalances ignore net exports of new varieties of goods and services and do not account for firms'net entry in the product market. In this paper we ...
Title:Vector Autoregressive Models
Author(s):LUETKEPOHL, HelmutDate:2011Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Multivariate simultaneous equations models were used extensively for macroeconometric analysis when Sims (1980) advocated vector autoregressive (VAR) models as alternatives. At that time longer and more frequently observed ...
Title:Vintage Capital
Author(s):BOUCEKKINE, Raouf; DE LA CROIX, David; LICANDRO, OmarDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Vintage Capital And the Dynamics of the AK Model
Author(s):BOUCEKKINE, Raouf; LICANDRO, Omar; PUCH, Luis A.; DEL RIO, FernandoDate:2002Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:The Volatility Costs of Procyclical Lending Standards: An Assessment Using a DSGE Model
Author(s):GRUSS, Bertrand; SGHERRI, SilviaDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The ongoing financial turmoil has triggered a lively debate on ways of containing systemic risk and lessening the likelihood of future boom-and-bust episodes in credit markets. Particularly, it has been argued that banking ...
Title:Volatility, Financial Development and the Natural Resource Curse
Author(s):VAN DER PLOEG, Frederick; POELHEKKE, StevenDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Cross-country evidence is presented on resource dependence and the link between volatility and
growth. First, growth depends negatively on volatility of unanticipated output growth
independent of initial income per capita, ...
Title:Voting and Decisions in the ECB
Author(s):BRUECKNER, MatthiasDate:1997Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Voting, Lobbying, and the Decentralization Theorem
Author(s):LOCKWOOD, BenDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper revisits the fiscal "decentralization theorem", by relaxing the role of
the assumption that governments are benevolent, while retaining the assumption of
policy uniformity. If instead, decisions are made by ...
Title:Weak Instruments and Weak Identification in Estimating the Effects of Education on Democracy
Author(s):COVIELLO, Decio; BOBBA, MatteoDate:2006Type of Publication:Working PaperSeries/Report no.:American Development Bank Working PaperAbstract:Is there any relation between education and democracy? Once we correct for weak instruments and identify education as 'weakly exogenous' we find new evidence that education systematically predicts democracy. Our results ...