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Public Infrastructure Investment, Output Dynamics, and Balanced Budget Fiscal Rules

Duarte Bom, P.R.; Ligthart, J.E. - Tilburg University, Center for Economic Research - 2011

We study the dynamic output and welfare effects of public infrastructure investment under a balanced budget fiscal rule, using an overlapping generations model of a small open economy. The government finances public investment by employing distortionary labor taxes. We find a negative short-run...

Persistent link: https://www.econbiz.de/10011090750

Output Dynamics, Technology, and Public Investment

Duarte Bom, P.R.; Heijdra, B.J.; Ligthart, J.E. - Tilburg University, Center for Economic Research - 2010

The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function...

Persistent link: https://www.econbiz.de/10011090760

A Weakend Form of Fictitious Play in Two-Person Zero-Sum Games

van der Genugten, B.B. - Tilburg University, Center for Economic Research - 1998

AMS classifications: 90D05, 90D10.

Persistent link: https://www.econbiz.de/10011090598

Asymptotic Normality of Extreme Value Estimators on C[0,1]

Einmahl, John; Lin, T. - Tilburg University, Center for Economic Research - 2003

functions have a Gaussian process as limiting distribution.A key tool is the weak convergence of a weighted tail empirical …

Persistent link: https://www.econbiz.de/10011091592

Corporate Governance Convergence : Evidence from Takeover Regulation Reforms in Europe

Renneboog, Luc; Goergen, M.; Martynova, M. - Tilburg University, Center for Economic Research - 2005

collected the main changes in takeover regulation.We assess whether a process of convergence towards the Anglo …

Persistent link: https://www.econbiz.de/10011092169

A Corporate Governance Index : Convergence and Diversity of National Corporate Governance Regulations

Renneboog, Luc; Martynova, M. - Tilburg University, Center for Economic Research - 2010

country-coverage (30 European countries and the US) also allows us to draw conclusions about the convergence of corporate … governance regimes across the countries. To our best knowledge, this is the first study that intends to address the convergence …

Persistent link: https://www.econbiz.de/10011092184

The optimality of a monetary union without a fiscal union

Bovenberg, A.L.Bovenberg; Beetsma, R.M.W.J. - Tilburg University, Center for Economic Research - 1998

Persistent link: https://www.econbiz.de/10011091080

Output Stabilization in EMU : IS there a Case for EFTS?

van Aarle, B.; Hougaard Jensen, S.E. - Tilburg University, Center for Economic Research - 1996

Macroeconomic performance in the Economic and Monetary Union (EMU) will be impaired if macroeconomic shocks are largely asymmetric, fiscal policy flexibility is limited, goods markets adjust sluggishly, labour mobility is low and automatic stabilization from federal taxes and government spending...

Persistent link: https://www.econbiz.de/10011092163

Time inconsistency in environmental policy : Tax earmarking as a commitment solution

Marsiliani, L.; Renstrom, T.I. - Tilburg University, Center for Economic Research - 1999

Persistent link: https://www.econbiz.de/10011092588

What are the Effects of Fiscal Policy Shocks?

Mountford, A.W.; Uhlig, H.F.H.V.S. - Tilburg University, Center for Economic Research - 2002

We investigate the effects of fiscal policy surprises for US data, using vector autoregressions.We overcome the difficulties that changes in fiscal policy may manifest themselves in variables other than fiscal variables first and that fiscal variables may respond 'automatically' to business...

Persistent link: https://www.econbiz.de/10011092709