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作者：Al-Karablieh, Yazan; Koumanakos, Evangelos; Stantcheva, Stefanie
作者单位：Harvard University; Hellenic Open University; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research
摘要：We use a new dataset of the universe of Greek corporate tax returns to study a voluntary tax compliance program for small firms. This self-assessment program prescribed target taxable profit margins (the ratio of taxable profits to revenues) for different types of activities. Firms that reported profit margins above these targets in a given year were exempt from audits in that year. We find that the firms that take up the program report significantly larger taxable profits than non-eligible fi...
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作者：Malgouyres, Clement; Mayer, Thierry; Mazet-Sonilhac, Clement
作者单位：Paris School of Economics; IZA Institute Labor Economics; Institut d'Etudes Politiques Paris (Sciences Po); European Central Bank; Bank of France
摘要：In this paper, we document the presence of technology-induced trade in France between 1997 and 2007 and assess its impact on consumer welfare. We use the staggered roll-out of broadband internet to estimate its causal effect on the importing behavior of affected firms. Using an event-study design, we find that broadband expansion increases firm-level imports by around 25%. The effect on domestic sales is positive but smaller, suggesting that the impact on trade is not limited to a scale effect...
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作者：Schumacher, Julian; Trebesch, Christoph; Enderlein, Henrik
作者单位：European Central Bank; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW); Hertie School
摘要：For centuries, defaulting governments were immune from legal action by foreign creditors. This paper shows that this is no longer the case. Building a dataset covering four decades, we find that creditor lawsuits have become an increasingly common feature of sovereign debt markets. The legal developments have strengthened the hands of creditors and raised the cost of default for debtors. We show that legal disputes in the US and the UK disrupt government access to international capital markets...
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作者：Jeon, Doh-Shin; Jullien, Bruno; Klimenko, Mikhail
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Centre National de la Recherche Scientifique (CNRS); University System of Georgia; Georgia Institute of Technology
摘要：The dominance of English language content on the Internet raises a question of how consumer bilingualism in a given country affects the amount of home language content and the country's welfare. We address this question by studying two-sided market competition between a foreign and a domestic content distribution platform in a small open economy. On the one hand, bilingualism has the benefit of increasing cross-side network externalities by increasing consumer concentration on the foreign plat...
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作者：Cortina, Juan J.; Didier, Tatiana; Schmukler, Sergio L.
作者单位：The World Bank
摘要：This paper shows how crises prompted firms to switch borrowing across debt markets, impacting the amount borrowed, maturity, and currency denomination at the firm and aggregate levels. During financial crises, firms from advanced and emerging economies shifted their issuance activity between domestic and international syndicated loans and corporate bonds. Firms increased their borrowing in markets not directly hit by crises, partly compensating for declines in shock-hit markets, which provides...
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作者：Frankel, Jeffrey; Rey, Helene
作者单位：Harvard University; University of London; London Business School
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作者：Braun, Sebastian Till; Weber, Henning
作者单位：IZA Institute Labor Economics; University of Bayreuth; Deutsche Bundesbank; Deutsche Bundesbank; European Central Bank
摘要：This paper provides a comprehensive analysis of the dynamic labor market effects of one of the largest forced population movements in history, the mass inflow of eight million German expellees into West Germany after World War II. The expellee inflow was distributed very asymmetrically across two West German regions. We develop a dynamic equilibrium model that closely fits two decades of historical data on the regional unemployment differential and the regional migration rate. Both variables i...
