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Economics is a new type of academic journal in economics. By involving a large research community in an innovative public peer review process, economics aims to provide fast access to top-quality papers. Modern communication technologies are used to find for every research issue the best virtual team out of a network of highly motivated researchers from all over the world. Thus, publishing is seen as a cooperative enterprise between authors, editors, referees, and readers. Economics offers open access to all readers and takes the form of an e-journal, i.e. submission, evaluation, and publication are electronic. Visit us at

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1 to 10 of 176 Results
Feb 7, 2018
Krug, Sebastian, 2018, "The interaction between monetary and macroprudential policy: should central banks ‘lean against the wind’ to foster macro-financial stability?", doi:10.7910/DVN/60Y70N, Harvard Dataverse, V1
The extensive harm caused by the financial crisis raises the question of whether policy- makers could have done more to prevent the build-up of financial imbalances. This paper aims to contribute to the field of regulatory impact assessment by taking up the revived debate on whet...
Jan 31, 2018
Fidrmuc, Jan; Tena, J.D., 2018, "UK National Minimum Wage and Labor Market Outcomes of Young Workers", doi:10.7910/DVN/JKKTKM, Harvard Dataverse, V2
The UK national minimum wage (NMW) is age-specific with the most important threshold at the age of 22 (lowered to 21 from 2010 onwards) when workers become eligible for the adult rate. The authors estimate the impact of this threshold on employment by means of a regression discon...
Jan 16, 2018
Martínez-Sánchez, Francisco ; Romeu, Andrés, 2018, "Technological development and software piracy", doi:10.7910/DVN/LICTJD, Harvard Dataverse, V1
In this paper, the authors analyze the differences in piracy rates from one country to another. Like previous papers on the topic, they find that more developed countries have lower incentives for pirating. Unlike previous papers, they find that the piracy rate is positively corr...
Jan 8, 2018
Desiderio, Saul; Chen, Siyan, 2018, "What moves the Beveridge curve and the Phillips curve: an agent-based analysis", doi:10.7910/DVN/LFHAQD, Harvard Dataverse, V1
Understanding what moves the Phillips curve is important to monetary policy. Because the Phillips curve has experienced over time movements similar to those characterizing the Beveridge curve, the authors jointly analyze the two phenomena. They do that through an agent-based macr...
Jan 8, 2018
Umer, Hamza, 2017, "Fairness-adjusted Laffer curve: cross-country and cross-method experimental comparison", doi:10.7910/DVN/0POILY, Harvard Dataverse, V2, UNF:6:XtswS/9nqsJ8vtptav37Fw==
The author reports results from controlled laboratory experiments on the Laffer curve. Apart from studying the existence of the Laffer curve under exogenous taxation, he explores framing effects, productivity differences under the strategic method and the direct method, and cultu...
Dec 17, 2017
Yasar, Rusen, 2017, "Subjective well-being and income: a compromise between Easterlin paradox and its critiques", doi:10.7910/DVN/PEKMYL, Harvard Dataverse, V1, UNF:6:c6NHf3Q/FmMr9qdJgcVAng==
Despite rising popularity of subjective well-being (SWB) as a proxy for util- ity, its relationship with income is still unresolved. Against the background of debates around the ‘Easterlin paradox’, this paper seeks a compromise between two positions: one that insists on individu...
Nov 22, 2017
Balamatsias, Pavlos, 2017, "Democracy and taxation", doi:10.7910/DVN/LFEJO6, Harvard Dataverse, V1
In this paper, the author argues that democracies tend to positively affect the size and composition of tax revenues. His argument is based on the hypothesis that democracies can increase direct taxation, such as income taxes and capital taxes, due to increased compliance of taxp...
Nov 14, 2017
Žídek, Libor; Šuterová, Magdalena, 2017, "Did the exchange rate interventions enhance inflation in Switzerland?", doi:10.7910/DVN/JEYGDH, Harvard Dataverse, V1
For nearly five years, the Swiss National Bank intervened against the Swiss franc to prevent increase of deflation pressures. An unexpected switch in monetary policy was made in January 2015, and the regime was abandoned. In this paper, the authors examine the exchange rate influ...
Nov 9, 2017
Esteve, VicenteNachname, Vorname; Navarro, Manuel; Prats, María A., 2017, "The present value model of U.S. stock prices revisited: long-run evidence with structural breaks, 1871–2012", doi:10.7910/DVN/AYWC8H, Harvard Dataverse, V1
According to several empirical studies, the Present Value model fails to explain the behaviour of stock prices in the long-run. In this paper, the authors consider the possibility that a linear cointegrated regression model with multiple structural changes would provide a better...
Oct 30, 2017
Fu, Tong, 2017, "What determines firms’ access to credit in the absence of effective economic institutions: evidence from China", doi:10.7910/DVN/YBGFMC, Harvard Dataverse, V1, UNF:6:l1K+sexf7kDLG109W70aug==
The existing literature suggests that economic institutions determine the allocation of resources for economic growth. As an important counterexample, although China has one of the world’s fastest-growing economies, its legal and financial systems are underdeveloped. With evidenc...
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