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作者：Breinlich, Holger; Leromain, Elsa; Novy, Dennis; Sampson, Thomas
作者单位：University of Surrey; Centre for Economic Policy Research - UK; Universite Catholique Louvain; University of Warwick; University of London; London School Economics & Political Science
摘要：This article studies how voting for Brexit affected living standards in the United Kingdom. Using heterogeneity in exposure to import costs across product groups, we analyze how the depreciation of sterling caused by the referendum affected consumer prices. We find that the Brexit depreciation led to higher inflation in product groups with greater import shares in consumer expenditure. Our results are consistent with complete pass-through of import costs to consumer prices and imply aggregate ...
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作者：Mandal, Pinaki; Roy, Souvik
作者单位：Indian Statistical Institute; Indian Statistical Institute Kolkata
摘要：We consider assignment problems where individuals are to be assigned at most one indivisible object and monetary transfers are not allowed. We provide a characterization of assignment rules that are Pareto efficient, nonbossy, and implementable in obviously strategy-proof (OSP) mechanisms. As corollaries of our result, we obtain a characterization of OSP-implementable fixed priority top trading cycles (FPTTC) rules, hierarchical exchange rules, and trading cycles rules. Troyan (International E...
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作者：Choi, Jaerim; Greaney, Theresa M.
作者单位：University of Hawaii System
摘要：Do multinational enterprises (MNEs) transfer gender-equal employment practices across borders? Using firm-level data for Korea, a country with low gender equality, we find evidence that MNEs bring their home countries' gender norms in employment with them. Foreign-acquired firms report 2-12 percentage-points higher female shares of permanent main-task workers at firm headquarters compared with nonacquired firms and the differential increases with the level of gender equality in the MNEs' home ...
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作者：Rotberg, Shahar
作者单位：University of Toronto
摘要：How does housing-an important asset for many households-affect the design of optimal wealth taxes? I analyze the macroeconomic and distributional consequences of wealth taxation using a model with two forms of wealth: capital used by entrepreneurs to produce goods, and housing that provides shelter services. Without housing, taxing wealth instead of capital income would improve the capital allocation and raise welfare. With housing, taxing capital and housing equally would worsen the capital a...
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作者：Barbera, Salvador; Gerber, Anke
作者单位：Autonomous University of Barcelona; Barcelona School of Economics; University of Hamburg
摘要：We study two-stage collective decision-making procedures where in the first stage, part of the voters decide what issues will be put in the agenda and in the second stage, the whole set of voters decides on the positions to be adopted regarding the issues that are in the agenda. Using a protocol-free equilibrium concept, we show that essentially any set of issues can be obtained as an equilibrium agenda under two salient classes of voting procedures. Moreover, the chair may manipulate a sequen...
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作者：Gratton, Gabriele; Morelli, Massimo
作者单位：University of New South Wales Sydney; Bocconi University; Bocconi University; Centre for Economic Policy Research - UK
摘要：Political checks and balances are debated desiderata in the evaluation of democratic systems. We suggest a framework where the pros and cons of checks and balances are, respectively, the reduction of type-I errors and the increase of type-II errors in policy decision making. Political checks and balances are less desirable for intermediate levels of competence of the political class when accountability is high. In policy areas where the effects of reforms are harder to evaluate and accountabil...
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作者：Kato, Hayato; Okoshi, Hirofumi
作者单位：University of Osaka; University of Munich; Okayama University
摘要：Do low corporate taxes always favor multinational production over economic integration? We propose a two-country model in which multinationals choose the locations of production plants and foreign distribution affiliates and shift profits between them through transfer prices. With high trade costs, plants are concentrated in the low-tax country; surprisingly, this pattern reverses with low trade costs. Indeed, economic integration has a nonmonotonic impact: Falling trade costs first decrease a...
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作者：Macedoni, Luca; Xu, Mingzhi (Jimmy)
作者单位：Aarhus University; Peking University
摘要：We document four new stylized facts using Chinese firm-level data to show that the standard single-attribute model of trade, in which firms only differ in productivity, must be augmented with an additional layer of heterogeneity to match the facts. To match the evidence, a model requires heterogeneity in flexibility, namely, the ability to introduce new varieties in a destination at low costs. We calibrate our model and find suggestive evidence of a trade-off between productivity and flexibili...
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作者：Maggi, Giovanni; Mrazova, Monika; Neary, J. Peter
作者单位：Yale University; Getulio Vargas Foundation; University of Geneva; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut; University of Oxford
摘要：The implications of red-tape barriers (RTBs) under lobbying pressures differ markedly from those of traditional trade barriers. RTBs affect the extensive margin of trade and may respond in opposite ways to reductions in tariffs versus reductions in natural trade costs: The former induce a protectionist backlash that may reduce trade both at the intensive and extensive margin, whereas the latter may induce a reduction in RTBs magnifying the direct trade-increasing effects. Furthermore, if tarif...
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作者：Givens, Gregory E.
作者单位：University of Alabama System; University of Alabama Tuscaloosa
摘要：I interpret evidence on government spending multipliers using a model in which workers are not fully insured against job loss. Government consumption affects aggregate spending along two margins : (i) an intensive margin owing to a fall in household wealth and (ii) an extensive margin that accounts for growth in the workforce. At insurance levels below a certain threshold, the positive effects of (ii) dominate the negative effects of (i), leading to multipliers for private consumption and outp...
