Browse by title

You are looking at 1 - 10 of 85,323 items

This content is available to you

Lorraine Eden

You do not have access to this content

Lorraine Eden

This authoritative research review discusses the most influential papers relating to the economics of transfer pricing. The piece notably covers the topic of transfer pricing in light of divisionalization, government regulations, bargaining models, market distortions and product characteristics as well as touching on the important subjects of empirical estimates of transfer price manipulation and transfer mispricing estimates. Written by Lorraine Eden, one of the founders and a leading contributor to the field, this research review promises to be useful reading for doctoral students, faculty members and policy makers who wish to extend their knowledge on the economics of transfer pricing.
You do not have access to this content

Lorraine Eden

You do not have access to this content

Hansjörg Herr

In Marx's explanation of functional income distribution, wages are given as a basket of goods needed for the reproduction needs of the working class. Profits are then the remaining part of income creation. Marx's explanation of functional income distribution has several theoretical and practical shortcomings. The Keynesian paradigm in the traditional works of Keynes and Kalecki provides alternative explanations of functional income distribution. Here the profit rate is given by processes in the financial market and the degree of financialisation. Also the degree of monopoly influences functional income distribution. The Keynesian and Kaleckian approach allows a plausible interpretation of the changes in functional income distribution during recent decades.

You do not have access to this content

Fritz Helmedag

Marx's and Keynes's analyses of capitalism complement each other well. In a largely general model including the public sector and international trade it is shown that the labour theory of value provides a sound foundation to reveal the factors influencing employment. Workers buy ‘necessaries’ out of their disposable wages from an integrated basic sector, whereas the ‘luxury’ division's revenues spring from other sources of income. In order to maximize profits, the wage–good industry controls the level of unit labour costs. Ultimately, effective demand governs the volume of work. On this basis, implications for economic policy are outlined.

You do not have access to this content

Andrea Terzi

With the implementation of the Eurosystem's asset purchase programme (APP), national central banks’ TARGET balances have risen. For the European Central Bank, this reflects cross-border payments and portfolio rebalancing in the context of the APP. Minenna et al. (2018) disagree and claim that the causes of rising TARGET balances (2015–2017) have been the persistent current-account surplus of Germany and ‘capital flight.’ This comment explains that rising TARGET balances occur under specific monetary policy configurations and that the context of the APP was critical to account for rising TARGET balances. It then questions the decomposition approach employed by the authors by arguing that it shows accounting correspondences, not causality, and concludes that there is no established two-way association between TARGET balances and actual vulnerabilities of the euro area.

This content is available to you

Fausto Pocar

This content is available to you

Curtis A. Bradley

You do not have access to this content

Curtis A. Bradley

This insightful research review provides an analysis of the modern literature on foreign relations law. The topics explored include; the history of foreign relations law, the role of the courts in adjudicating foreign affairs disputes, executive power over foreign affairs, the domestic status of treaties, the phenomenon of executive agreements, the judicial application of customary international law, and the distribution of authority over war powers. The review provides a unique birds-eye view of the entire field and promises to be an invaluable tool for academics as well as a fascinating read for those interested in the subject.