The standard microeconomic analysis of taxation suggests that excise taxes on goods with aprice-inelastic demand are more efficient in that they lead to a lower deadweight loss. Thisargument ignores secondary effects on the rest of the economy. By narrowly focusing on theprimary effects on the...

What are the costs of a bureaucratically administrated police force? This paper applies the concept of economic calculation to the provision of policing and security services. It argues that a number of major issues in policing today – constitutional protections regarding searches and...

What institutional features encourage community policing? Many police departments across the US have attempted to implement a community-oriented policing philosophy. The stated goals are to build greater trust between the police and the community, maintain order and quality of life, and solve...

In this study, we investigate the impact of monetary policy on Japanese household incomes using the Family Income and Expenditure Survey. Our analysis focuses on the savings and income structure of households, and covers the period from Q1 2007 to Q2 2021. We find that households in the highest...

The resilience of the German banking system is studied on the semiaggregated level from 1968 to 2022. We distinguish between Large Banks, Regional Banks, Landesbanken, Sparkassen and Credit Unions and study their z-scores as a measure of resilience in response to the monetary policy stances of...

This paper examines the heterogeneous effects of the ECB's monetary policies on the resilience of the German banking system between 1999 to 2022. We distinguish between the main bank types in Germany: Large Banks, Regional Banks, Sparkassen, Landesbanken and Credit Unions. We proxy bank-type...