Intellectual Property Boxes and the Paradox of Price Discrimination
Ben Klemens | 15 May 2017
Fiscal,
Working Papers | Tags:
Corporate Taxes,
Innovation,
Patent Boxes,
Tax Competition,
Tax Expenditures This paper considers the methods by which some existing laws and proposals offer different tax rates to different types of capital, a scheme variously known as a patent box, innovation box, or intellectual property box (IP box). It presents a model of international tax competition—what
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The Effects of Exporting on Labour Productivity: Evidence from German Firms
Johannes Schwarzer | 24 March 2017
Trade,
Working Papers | Tags:
Employment,
Productivity,
Services Trade We revisit the "self-selection vs. learning-by-exporting (LBE)" debate with new evidence on a large panel of German firms of all economic sectors up to the 3-digit NACE level, between 1993-2014, and shed new light on the channels that foster export-induced productivity gains.
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Impact of Linking into Global Value Chains on Indian Employment
Karishma Banga | 11 January 2017
Trade,
Working Papers | Tags:
Employment,
Global Value Chains,
Services Trade This study examines the industry-level impact of linking into GVCs for the Indian labour market, spanning the period 1995-2011. The analysis includes manufacturing, services, agriculture and allied activities.
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Monetary Policy According to HANK
Greg Kaplan,
Benjamin Moll and
Giovanni L. Violante | 10 March 2016
Monetary,
Working Papers | Tags:
Inequality,
Interest Rates We revisit the transmission mechanism of monetary policy for household consumption in a Heterogeneous Agent New Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to consume because of two key features: multiple assets with different degrees of liquidity
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