| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6188 |
| DP6188 Forecasts of US Short-term Interest Rates: A Flexible Forecast Combination Approach | |
| Henry Allan Timmermann; Massimo Guidolin | |
| 发表日期 | 2007-03-16 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper investigates the impacts of capital mobility and tax competition in a setting with imperfect matching between firms and workers. The small country attracts fewer firms than the large one but accommodates a share of the industry that exceeds its capital share - a reverse home market effect. This allows the small country to be more aggressive and to set a higher tax rate than the large one, thus implying that tax competition reduces international inequalities. However, the large country always attains a higher utility than does the small country. Our model thus encapsulates both the 'importance of being small' and the 'importance of being large'. Last, tax harmonization benefits to the small country but is detrimental to the large one. |
| 主题 | Public Economics |
| 关键词 | Local labour markets Capital mobility Reverse home market effect Fiscal competition |
| URL | https://cepr.org/publications/dp6188 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535025 |
| 推荐引用方式 GB/T 7714 | Henry Allan Timmermann,Massimo Guidolin. DP6188 Forecasts of US Short-term Interest Rates: A Flexible Forecast Combination Approach. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
