| 1. |
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| 2. |
- Brannlund, R, et al.
(författare)
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Carbon tax simulations using a household demand model
- 2004
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Ingår i: European Economic Review. - : Elsevier. - 0014-2921 .- 1873-572X. ; 48:1, s. 211-233
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Tidskriftsartikel (refereegranskat)abstract
- The main objective of this paper is to analyse consumer response and welfare effects due to changes in energy or environmental policy. To achieve this objective we formulate and estimate an econometric model for non-durable consumer demand in Sweden that utilises micro- and macro-data. In the simulations, we consider two revenue neutral scenarios that both imply a doubling of the CO2 tax; one that returns the revenues in the form of a lower VAT and one that subsidise public transport. One conclusion from the simulations is that the CO2 tax has regional distribution effects, in the sense that household living in sparsely populated areas carry a larger share of the tax burden. (C) 2002 Elsevier B.V. All rights reserved.
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| 3. |
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| 4. |
- De Ville, Philippe, et al.
(författare)
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An insolent founding father
- 1989
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Ingår i: European Economic Review. - : Elsevier BV. - 0014-2921 .- 1873-572X. ; 33:2, s. 494-502
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Tidskriftsartikel (refereegranskat)
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| 5. |
- Edin, Per-Anders, et al.
(författare)
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Political determinants of budget deficits : Coalition effects versus minority effects
- 1991
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Ingår i: European Economic Review. - 0014-2921 .- 1873-572X. ; 35:8, s. 1597-1603
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Tidskriftsartikel (refereegranskat)abstract
- This paper reexamines some recent empirical evidence on the hypothesis that institutional arrangements in the political process affect budget deficits. The results of Roubini and Sachs (1989b) are replicated, and sensitivity analysis indicate that their results are robust. However, the main conclusion of Roubini and Sachs, that coalition governments are less capable of budgetary discipline, needs to be modified. A reformulation of their variable representing political cohesion reveals that it captures the effects of minority governments rather than majority coalition governments. The data support the hypothesis that it is harder to negotiate in parliament than within a government.
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| 6. |
- Flodén, Martin
(författare)
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Endogenous monetary policy and the business cycle
- 2000
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Ingår i: European economic review. - : Elsevier B.V. - 1873-572X .- 0014-2921. ; 44:8, s. 1409-1429
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Tidskriftsartikel (refereegranskat)abstract
- The correlations and volatilities of real variables seem to be stable over time, but the relation between real and nominal variables is unstable. Presumably, one important factor behind this observation is the nature of money supply. In this paper, I look at a business cycle model where the central bank sets money supply to minimize the volatility of inflation and output. I find that small changes in the central bank's preferences can generate large changes in the derived money supply rule and in correlations between real and nominal variables. Although wages are assumed to be sticky, changes in the money supply rule do not generate any major changes in the behavior of real variables.
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| 7. |
- Fölster, Stefan, et al.
(författare)
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Growth effects of government expenditure and taxation in rich countries
- 2001
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Ingår i: European Economic Review. - : Elsevier B.V. - 0014-2921 .- 1873-572X. ; 45:8, s. 1501-1520
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Tidskriftsartikel (refereegranskat)abstract
- A number of cross-country comparisons do not find a robust negative relationship between government size and economic growth, In part, this may reflect the prediction in economic theory that a negative relationship should exist primarily for rich countries with large public sectors. In this paper an econometric panel study is conducted on a sample of rich countries covering the 1970-1995 period. Extended extreme bounds analyses are reported based on a regression model that tackles a number of econometric issues. Our general finding is that the more the econometric problems are addressed, the more robust the relationship between government size and economic growth appears. Our most complete specifications are robust even according to the stringent extreme bounds criterion.
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| 8. |
- Giannetti, Mariassunta
(författare)
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The effects of integration on regional disparities : Convergence, divergence or both?
- 2002
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Ingår i: European economic review. - : Elsevier B.V. - 1873-572X .- 0014-2921. ; 46:3, s. 539-567
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Tidskriftsartikel (refereegranskat)abstract
- This paper offers an explanation for the coexistence of convergence across countries and the lack thereof at the regional level in the European Union. The model shows that, even if it accelerates growth and brings convergence across countries, the intensification of international knowledge spillovers due to more cross-country interaction may exacerbate within-country regional disparities, if regions with different specialization do not benefit evenly from the exchange of knowledge. The empirical evidence supports the implications of the model. In particular, the data show that regions specialized in advanced sectors at the beginning of the sample period became more similar in terms of per capita income, while regions specialized in traditional sectors lagged.
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| 9. |
- Giordani, Paolo, et al.
(författare)
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Inflation forecast uncertainty
- 2003
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Ingår i: European Economic Review. - 0014-2921. ; 47:6, s. 1037-1059
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Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)abstract
- We study the inflation uncertainty reported by individual forecasters in the Survey of Professional Forecasters 1969-2001. Three popular measures of uncertainty built from survey data are analyzed in the context of models for forecasting and asset pricing, and improved estimation methods are suggested. Popular time series models are evaluated for their ability to reproduce survey measures of uncertainty. The results show that disagreement is a better proxy of inflation uncertainty than what previous literature has indicated, and that forecasters underestimate inflation uncertainty. We obtain similar results for output growth uncertainty. (C) 2002 Elsevier B.V. All rights reserved.
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| 10. |
- Gottfries, Nils, et al.
(författare)
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Discrimination and Open Unemployment in A Segmented Labor-Market
- 1995
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Ingår i: European Economic Review. - 0014-2921 .- 1873-572X. ; 39:1, s. 1-15
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Tidskriftsartikel (refereegranskat)abstract
- Jobs in the primary sector require firm-specific training, with wages determined as a result of bargaining. Firms pay for the training and since they are imperfectly informed about worker productivity, they test workers before hiring them. The secondary sector is competitive. Taking a job in the secondary sector signals low productivity, and therefore workers in the secondary sector are unable to get jobs in the primary sector. Open unemployment coexists with unfilled vacancies for low wage jobs.
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