Congress is likely to consider domestic climate change legislation during 2009, with a cap-and-trade system continuing to draw support from the Obama Administration and many leaders in Congress. Yet cap-and-trade regulations would take years for EPA to develop and implement, the desired price...

Die neuen Mitgliedstaaten der Europäischen Union haben ihre nominalen Körperschaftsteuersätze vor ihrem Beitritt stark reduziert. Vielfach wurde befürchtet, dass die geringeren nominalen Steuersätze von restriktiveren Verlustverrechnungsmodalitäten begleitet werden. Dies könnte zu einem...

Departing from the holistic, cross-national approach of much of the previous research into public opinion on European integration, this article offers a comparative analysis of French and British public opinion on the EU in the post-Maastricht era. In particular, it examines the effects of...

Courts have struggled with articulating the standard for "originality" in copyright law. Some judges have leaned towards a "sweat of the brow" theory, that rewards authors for their investment of labour in creating a work. Others, most notably, the U.S. Supreme Court in the landmark decision of...

This article argues that since 1997 the Labour governments have practised a European policy of ‘utilitarian supranationalism'. Their strategy has been characterised by a preparedness to embrace European policy solutions in line with Labour's 1997 manifesto commitment to pursue a constructive...

Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...

This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is concerned with volume data, a less developed field of research compared with studies on prices/rates. We first set out a methodological framework, a mixture of elementary and more...

This paper documents patterns of price setting at the retail level in the euro area, summarized in six stylized facts. First, the average euro area monthly frequency of price adjustment is 15 p.c., compared to about 25 p.c. in the US. Second, the frequency of price changes is characterized by...

This study investigates the pricing behaviour of firms in the euro area on the basis of surveys conducted by nine Eurosystem national central banks, covering more than 11,000 firms. The results, robust across countries, show that firms operate in monopolistically competitive markets, where...