Understanding fossil fuel supply behaviour is crucial for interpreting carbon leakage and assessing the potential effectiveness of border measures in climate policy. In most computable general equilibrium models, this fossil fuel supply is derived from a constant elasticity of substitution...

We explore the impact of different types of supply constraints on house prices in England by exploiting a unique panel dataset of 353 local planning authorities ranging from 1974 to 2008. Using exogenous variation from a policy reform, vote shares and historical density to identify the...

We explore whether a Financial Transactions Tax (FTT) is likely to correct the market failures that have contributed to the financial crisis, to what extent FTT succeeds in raising revenues, and how the FTT compares to alternative taxes in terms of efficiency. We find little evidence that the...

This paper provides unique survey evidence on consumer awareness about deposit insurance and on consumer perception of the stability of small and systemic banks. It turns out that systemic banks are perceived as less risky compared to non-systemic banks and that respondents’ own bank is...

The authors analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the max-mean wage differential. The latter...

The sovereign debt problems in European countries have increased the interest in fiscal watchdogs. This paper discusses the world’s oldest fiscal watchdog, CPB Netherlands Bureau for Economic Policy Analysis (CPB). Read also the <a href="http://www.voxeu.org/index.php?q=node/7929" target="_blank">article</a> at "VoxEU.org" , a <a href="http://mostlyeconomics.wordpress.com/2012/04/23/the-worlds-oldest-fiscal-watchdog-cpb-netherlands-bureau-for-economic-policy-analysis/" target="_blank">blog</a> at "Mostly Economics" and...