Indian firms lead the pack of emerging market investors in Germany, with about 188 subsidiaries providing employment to close to 23,500 people. This article provides an update on trends in Indian investment in Germany and examines the performance of Indian subsidiaries.

Die lateinamerikanischen Währungskrisen lenkten erst kürzlich wieder das Augenmerk auf die Gefahren wechselkursbasierter Stabilisierungen (WKBS). Dies sind Inflationsstabilisierungsprogramme, die den nominalen Wechselkurs als vorrangiges geldpolitisches Instrument einsetzen. Die vorliegende...

In this paper, we examine some popular 'choice modelling' approaches to environmental valuation, which can be considered as alternatives to more familiar valuation techniques based on stated preferences such as the contingent valuation method. A number of choice modelling methods are consistent...

It is important but difficult to distinguish between desirable and undesirable effects of unemployment insurance (UI) that are observationally equivalent when designing optimal UI schemes. For example, a UI-induced rise in the wage rate caused by workers taking more time to match their skills...

This dissertation consists of three essays addressing two issues related to crime and tax evasion. The first essay investigates the relationship between property and violent crime with law enforcement expenditures. The second essay examines the market structure in transition economies and the...

This dissertation analysis the consequences of interjurisdictional competition for a mobile tax base for the efficiency of the public sector and the growth potential of a jurisdiction.

This paper investigates the ratio of general long-term debt to general capital assets’ influence on municipal credit ratings – signals of risk to investors – and coupon rates. Given current uncertainty levels in credit markets, it is paramount that low risk be signaled to sell debt and...

addresses two long-standing positive questions in public finance: 1) Why is the property tax, despite widespread popular complaints against its fairness, the almost exclusive tax instrument used by local governments; and 2) why do we consistently observe higher levels of governments (states)...

The first paper of this dissertation utilizes unique data on teachers' union election certifications in Iowa, Indiana, and Minnesota to analyze the effect of teachers' unions on education production. I find teachers' unions have no impact on teacher pay, class sizes, or per-student expenditures,...