EPRU Working Paper Series

From Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics
�ster Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark.
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04-02: A Synthesis of Recent Developments in the Theory of Capital Tax Competition

Signe Krogstrup

04-01: Public Debt Asymmetries and Tax Competition

Signe Krogstrup

03-20: Strictly Endogenous Growth with Non-renewable Resources Implies an Unbounded Growth Rate

Christian Groth

03-19: One Monetary Policy and Eighteen Central Bankers: The European Monetary Policy as a Game of Strategic Delegation

Rasmus Fatum

03-18: Do Exchange Rates Respond to Day-to-Day Changes in Monetary Policy Expectations? Evidence from the Federal Funds Futures Market

Rasmus Fatum and Barry Scholnick

03-17: How to analyze the investment–uncertainty relationship in real option models?

Diderik Lund

03-16: Information, Polarization and Delegation in Democracy

Christian Schultz

03-15: Optimal Workfare with Voluntary and Involuntary Unemployment

Claus Kreiner and Torben Tranaes

03-14: Income Skewness, Redistribution and Growth: A Reconciliation

Carl-Johan Dalgaard, Henrik Hansen and Theo Larsen

03-13: On the Empirics of Foreign Aid and Growth

Carl-Johan Dalgaard, Henrik Hansen and Finn Tarp

03-12: The Dynamic Interaction between Equity Prices and Supply Shocks

Jakob Madsen

03-11: The Macroeconomics of Share Prices in the Medium Term and in the Long Run

Jakob Madsen

03-10: The Equity Risk Premium and the Required Share Returns in a Tobin’s q Model

Jakob Madsen

03-09: Dual Economies and International Total Factor Productivity Differences

Areendam Chanda and Carl-Johan Dalgaard

03-08: Company Tax Reform in the European Union

Peter Birch Sørensen

03-07: Improving the Equity-Efficiency Trade-Off: Mandatory Savings Accounts for Social Insurance

Lans Bovenberg and Peter Birch Sørensen

03-06: Neutral Taxation of Shareholder Income: A Norwegian Tax Reform Proposal

Peter Birch Sørensen

03-05: Voluntary Public Unemployment Insurance

Donald Parsons, Torben Tranaes and Helene Lilleør

03-04: Cross-border shopping and tax structure

Vidar Christiansen

03-03: Strategic Campaigns and Redistributive Politics

Christian Schultz

03-02: Fiscal Transparency and Fiscal Policy Outcomes in OECD Countries

James E. Alt and David Lassen

03-01: Ethnic Divisions and the Size of the Informal Sector

David Lassen

02-17: What Determines the Optimal Commodity Tax Structure from an Intuitive Point of View?

Knud Munk

02-16: The Political Economy of Institutions and Corruption in American States

James E. Alt and David Lassen

02-15: Endogenous Business Cycles and Systematic Stabilization Policy

Marta Aloi, Teresa Lloyd-Braga and Hans Jørgen Whitta-Jacobsen

02-14: Non-Preferential Clubs

Pascalis Raimondos and Alan Woodland

02-13: The Taxation of Married Couples in OECD Countries: A Need for Reform?

Henrik Jacobsen Kleven and Claus Kreiner

02-12: Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets

Michael Hutchison and Ilan Noy

02-11: Is Foreign Exchange Market Intervention an Alternative to Monetary Policy? Evidence from Japan

Rasmus Fatum and Michael Hutchison

02-10: ECB Foreign Exchange Intervention and the Euro: Institutional Framework, News and Intervention

Rasmus Fatum and Michael Hutchison

02-09: How Bad Are Twins? Output Costs of Currency and Banking Crises

Michael Hutchison and Ilan Neuberger

02-08: Idiosyncrasy of Business Cycles Across EU Countries

Jesper Gregers Linaa

02-07: Taxation if Capital is not Perfectly Mobile: Tax Competition versus Tax Exportation

Sylvester Eijffinger and Wolf Wagner

02-06: Idle Capital and Long-Run Productivity

Carl-Johan Dalgaard

02-05: Fiscal Policy, Economic Integration and Unemployment

Wolfgang Eggert and Laszlo Goerke

02-04: Contests with Size Effects

Wolfgang Eggert and Martin Kolmar

02-03: Endogenous Business Cycles and Systematic Stabilization Policy

Marta Aloi, Teresa Lloyd-Braga and Hans Jørgen Whitta-Jacobsen

02-02: Endogenous Growth: A Knife-Edge or the Razor's Edge?

Carl-Johan Dalgaard and Claus Kreiner

02-01: Information Sharing, Multiple Nash Equilibria, and Asymmetric Capital-Tax Competition

Wolfgang Eggert and Martin Kolmar

01-16: Fiscal Transparency, Gubernatorial Popularity, and the Scale of Government: Evidence from the States

James E. Alt, David Lassen and David Skilling

01-15: Let's Get "Real" about Using Economic Data

Peter Christoffersen, Eric Ghysels and Norman Swanson

01-14: Punishment and Dispute Settlement in Trade Agreements

Wilfred Ethier

01-13: Funding the Transition from Pay-As-You-Go Pensions by Taking Capital Gains on Land

Mark A. Roberts

01-12: Wage Equality in a General Equilibrium Model with Indivisibilities

Kala Krishna and Cemile Yavas

01-11: Bureaucrats and Public Procurement

Dieter Bös

01-10: Job Search and Savings: Wealth Effects and Duration Dependence

Rasmus Lenz and Torben Tranaes

01-09: A Cure Worse Than The Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs

Michael Hutchison

01-08: International Tax Coordination: Regionalism versus Globalism

Peter Birch Sørensen

01-07: Tax Spillovers under Separate Accounting and Formula Apportionment

Søren Nielsen, Pascalis Raimondos and Guttorm Schjelderup

01-06: Public Policy for Venture Capital

Christian Keuschnigg and Søren Nielsen