Showing 1 - 10 of 30
The present complexity approach is based on two assumptions: A1: measurability of deviations of outcomes with respect … to reference values; A2 : extension of A1 to multi-set analysis. Complexity is then defined in terms of multi …-set deviation compared to single-set ones; an interpretation is given in terms of information costs; examples show the relevance of …
Persistent link: https://www.econbiz.de/10005181604
The paper examines the monetary-fiscal interactions in a monetary union model with uncertainty due to imperfect central bank transparency. We first show that monetary uncertainty disciplines fiscal policymakers and thereby reduces taxes, average inflation and output distortions. However, as more...
Persistent link: https://www.econbiz.de/10005013047
This article investigates whether the distance between origin and destination has played an increased role in shaping … 2012 are years of economic recession. The analytical tool employed is a gravity model. Our results document that distance …
Persistent link: https://www.econbiz.de/10011202961
micro data on internal migrants from the German Socio-Economic Panel (SOEP) 2000–2006 and merge this information with a … distance-related migration costs cannot explain the lower distance sensitivity of educated and risk-loving individuals. …
Persistent link: https://www.econbiz.de/10010877921
This paper uses a gravity framework to investigate the effects of distance as well as subnational and national borders … border effects stem from the metropolitan level rather than state. Second, border and distance effects decrease with the age … distance effects are interestingly increasing. Finally, we find that (assignee) self-citations and aggregation bias are two …
Persistent link: https://www.econbiz.de/10005000385
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect, this study shows that cross-country heterogeneity in price...
Persistent link: https://www.econbiz.de/10005765810
argues that distance (however defined) is no longer a dominant characteristic of the world economy, or will cease to be so in …. We disagree, and with us many other economists (see, for example, Leamer, 2006). Distance dominates all aspects of … distance. Furthermore, there is little evidence of income convergence. Using various methods and data sets, we show that many …
Persistent link: https://www.econbiz.de/10005766052
This paper derives a micro-founded gravity equation in general equilibrium based on a translog demand system that allows for endogenous markups and substitution patterns across goods. In contrast to standard CES-based gravity equations, trade is more sensitive to trade costs if the exporting...
Persistent link: https://www.econbiz.de/10008596576
It is entirely appropriate that the study of public finance take seriously “behavioral” inconsistencies with traditional models of individual and collective decision-making. This raises the question of whether the state should play a role in protecting individuals from themselves, and...
Persistent link: https://www.econbiz.de/10008572563
How does tax complexity affect people’s reaction to tax changes? To answer this question, we conduct an experiment in …
Persistent link: https://www.econbiz.de/10010652444