Price-elasticities — dimensionless parameters that express the extent to which a price increase triggers a usage decrease — are central to policies that aim to reduce a harmful activity by ...

Donald Trump keeps flipping and flopping on tariffs. Many are scheduled to kick in on Aug. 1, but who knows. Nevertheless, U.S. households and businesses need to gird their loins for the biggest and ...

This paper assesses a possible explanation for the global downward trend in top personal income tax rates over the last decades: globalization and the related tax evasion and avoidance opportunities ...

Trade elasticities are often needed in applied country work for various purposes and this paper describes a method for estimating import demand and export supply elasticities withoutusing econometrics ...

The price elasticity of a commodity from which two or more joint products are obtained in fixed proportions is, in general, a weighted harmonic average of the price elasticities of the joint products.

Exchange rates can appreciate substantially. The U.S. real effective exchange rate (REER) appreciated 34% between July 2011 and September 2023 (see Figure 1) (Note 1). The Swiss REER appreciated 36% ...