Several recent studies show that the elasticity of taxable income (ETI) is not a sufficient statistic for the welfare costs of taxation due to factors such as taxbase shifting. This paper provides an …

Existing literature on inequality of opportunity (IOp) has failed to address the question as to how the circumstances and choices of spouses in a couple should be treated. By omitting information relevant to the…

We investigate the effect of peer group composition on language improvement in language classes for adults. Using unique survey data of migrants participating in an intensive language course in Germany, we find…

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• Konjunkturoptimismus lässt nach
• EZB: Inflationserwartungen nehmen weiter zu
• USA: Lageeinschätzung verschlechtert sich deutlich
• Japan: Konjunkturerwartungen leicht gesunken
• Großbritannien: Konjunkturerwartungen…

• Swiss Economic Traffic Light Switches to Yellow
• Analysts Expect the Swiss Franc to Depreciate
• Inflation Expected to Stay Unchanged
• Rise in Long-Term Interest Rates Anticipated
• Expectations for European Stock Markets…

This paper examines the effects of combining an international cap-and-trade scheme with national carbon taxes. We consider a two-country stochastic partial equilibrium model with log-normally distributed…

This study readdresses the determinants of business cycle synchronisation. We test, on the one hand, whether FDI promoting policies may have consequences for the business cycle comovement between countries, and…

This paper evaluates the current focus of EU policy makers on small and medium-sized, young independent firms in high-tech sectors. Therefore, the effect of subsidies on both R&D input and R&D output is compared…