Fiscal federalism in Germany is characterized by lacking sub-national tax autonomy and intensive fiscal equalization. Due to a sunset clause, the current equalization syst em has to be renegotiated by the year…
Estimating the private return to R&D investment has been a major goal for decades and most of the empirical literature has been built around the knowledge production function. In this framework, investment in…
The United States (U.S.) is the last major economy to impose repatriation taxes on international FDI activities. If earnings from foreign subsidiaries are repatriated, the U.S. taxes the dividend at the domestic…
Recently Acemolgu, Aghion, Bursztyn and Hemous (AER 2012) formulated a model in which a high macroeconomic elasticity of substitution between clean and dirty production represents a crucial condition for green…
Existing evidence suggests that workers face a low risk of experiencing a real wage reduction. However, there is so far virtually no evidence whether some employee groups are affected stronger by wage cuts than…
