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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98-21: The Public Discount Rate and the Uncertain Budgetary Flows

Syed Ahsan and Panagiotis Tsigaris

98-20: Should Governments Create Production Inefficiency?

Knud Munk

98-19: Monetary Policy, Delegation and Polarization

Christian Schultz

98-18: A Simple Model of Commodity Taxation and Cross-Border Shopping

Søren Nielsen

98-17: Fiscal Institutions in EMU and the Stability Pact

Niels Thygesen

98-16: The Costs of EMU and Economic Convergence

Michael Bergman and Michael Hutchison

98-15: Nominal Stability, Real Convergence, and Fiscal Transfers in a Monetary Union

Svend E. Hougaard Jensen

98-14: Growth, Training Leave and Unemployment

Minna Selene Svane

98-13: Skill-Neutral Shocks and Institutional Changes: Implications for Productivity Growth and Wage Dispersion

João Ejarque and Torben Tranaes

98-12: Random Walk or Mean Reversion

Ole Risager

98-11: Optimal Inflation Targets, “Conservative” Central Banks, and Linear Inflation Contracts: Comment

Roel Beetsma and Henrik Jensen

98-10: Tax Policy, the Good Jobs and the Bad Jobs

Peter Birch Sørensen

98-09: Unfunded Social Security in the OLG Model with an Imperfectly Competitive Finance Market

Mark A. Roberts

98-08: Why Governments Should Tax Mobile Capital in the Presence of Unemployment

Erkki Koskela and Ronnie Schöb

98-07: Long Run Impact of Increased Wage Pressure

Claus Thustrup Hansen

98-06: A Note on Blanchard and Kiyotaki (1987)

Claus Thustrup Hansen

98-05: Is Coordination of Fiscal Deficits Necessary?

Harry Huizinga and Søren Nielsen

98-04: Environmental Policy in a Two Sector Growth Model

Frank Hettich and Minna Selene Svane

98-03: Tax Progression and Human Capital in Imperfect Labour Markets

Clemens Fuest and Bernd Huber

98-02: When is Policy Harmonisation Desirable?

Michael Keen, Sajal Lahiri and Pascalis Raimondos

98-01: The Optimal Design of Transfer Pricing Rules: A Non-Cooperative Approach

Pascalis Raimondos and Kimberley A. Sharf

97-28: Two-Stage Bargaining with Coverage Extension in a Dual Labour Market

Mark A. Roberts, Karsten Staehr and Torben Tranaes

97-27: Quantitative Implications of the Home Bias: Foreign Underinvestment, Domestic Oversaving, and Corrective Taxation

Assaf Razin, Efraim Sadka and Chi-Wa Yuen

97-26: Tax Coordination and Unemployment

Clemens Fuest and Bernd Huber

97-25: Tax Competition and Tax Coordination in an Optimum Income Tax Model

Bernd Huber

97-24: Protection, Underemployment and Welfare

Sugata Marjit and Hamid Beladi

97-23: Trade Policy and Access to Retail Distribution

Martin Richardson

97-22: Macroeconomic Stabilization with a Common Currency

Kenneth Kletzer

97-21: Should the Nordic Countries Join A European Monetary Union? An Empirical Analysis

U. Michael Bergman, Michael Hutchison and Yin-Wong Cheung

97-20: Rules of Origin as Commercial Policy Instruments

Rodney Falvey and Geoff Reed

97-19: Fiscal Deficits, Asset Prices and Intergenerational Distribution in an Open Unionized Economy

Erling Steigum

97-18: Growth Effects of a Revenue Neutral Environmental Tax Reform

Frank Hettich

97-17: Optimal Taxation in a Two Sector Model of Economic Growth

Minna Selene Svane

97-16: On Optimal Income Taxation with Heterogenous Work Preferences

Ritva Tarkiainen and Matti Tuomola

97-15: Tariff Strategies and Small Open Economies

Pascalis Raimondos and Alan Woodland

97-14: A Welfare Comparison of International Tax Regimes with Cross-Ownership of Firms

Harry Huizinga and Søren Nielsen

97-13: The Taxation of Interest in Europe: A Minimum Withholding Tax?

Harry Huizinga and Søren Nielsen

97-12: Pay-per-view Television: Consequences of a Ban

Claus Thustrup Hansen and Søren Kyhl

97-11: The Design of a Consumption Tax under Capital Risk

Syed Ahsan and Peter Tsigaris

97-10: Optimal Tax Progressivity in Imperfect Labour Markets

Peter Birch Sørensen

97-09: Implementing Tax Coordination

Amrita Dhillon, Carlo Perroni and Kimberley Scharf

97-08: Price Subsidies versus Public Provision

Sören Blomquist and Vidar Christiansen

97-07: Rebalancing Unemployment Benefits in a Unionized Labour Market

Claus Thustrup Hansen and Hans Jørgen Jacobsen

97-06: Optimal Income Transfers and Tariffs

Sajal Lahiri, Pascalis Raimondos, Kar-yiu Wong and Alan Woodland

97-05: Tiebout with Politics: Capital Tax Competition and Constitutional Choices

Carlo Perroni and Kimberley Scharf

97-04: Borrowed Reserves, Fed Funds Rate Targets, And the Term Structure

Jeffrey Nilsen

97-03: Wage Formation in a Cointegrated VAR Model: A Demand and Supply Approach

Thórarinn Pétursson and Torsten Slok

97-02: How small shocks and heterogeneous expectations can create swings in the exchange rate

Torsten Slok and Jens Peter Sørensen

97-01: The Political Economy of Capital Income and Profit Taxation in a Small Open Economy

Harry Huizinga and Søren Nielsen

96-22: Public Debt, Welfare Reforms, and Intergenerational Distribution of Tax Burdens in Denmark

Svend E. Hougaard Jensen and Bernd Raffelhüschen