Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


What’s Wrong With

Why do central bankers tend to get it wrong?

Why do central bankers tend to get it wrong?

To Follow Or Not To Follow The Herd? Transparency And Social Norm Nudges

To Follow Or Not To Follow The Herd? Transparency And Social Norm Nudges

By Elena Kantorowicz-Reznichenko and Jaroslaw Kantorowicz


Representation in Democracies: Unequal and Unfair?

Representation in Democracies: Unequal and Unfair?

Synthetic Control and Extended Critics

Synthetic Control and Extended Critics


The Solitude of Neoliberalism

The Solitude of Neoliberalism

Mandatory Year of Service: Coerced Community?

Mandatory Year of Service: Coerced Community?


Latest publications

The Economics of Donald Trump’s Twitter Account

The Economics of Donald Trump's Twitter AccountUS President Donald Trump’s (in)famous tweet-storms have been used as anecdotal evidence of his volatility, anger, etc., but they are also an important source of policy information. After all, it has been repeatedly noted how Trump uses social media, particularly Twitter, as a way of addressing (...)

Visibility or Virtue Signalling? The Liberalisation of Salon de Paris

Visibility or Virtue Signalling? The Liberalisation of Salon de ParisThere exists more or less a consensus that the state must promote the arts. This exists even among many who know that state intervention brings market distortions, and it should be clear the arts are no exception. The case of the Salon de Paris, investigated by F. Etro, S. Marchesi and E. (...)

The Reliability of Quantitative Results in Social Science

The Reliability of Quantitative Results in Social ScienceIn a recent paper titled "Evaluating the replicability of social science experiments in Nature and Science Between 2010 and 2015", a group of researchers set out to replicate a series of experiments published in prestigious academic journals, employing larger samples and different sophisticated (...)

The Faults In The Macron System: Wind Turbines At The LA Consulate

The Faults In The Macron System: Wind Turbines At The LA ConsulateMinister Hulot is leaving. We should rejoice, if only we knew the story of the old woman of Syracuse, told by Valerius Maximus (1st century AD historian), about Denys, one of Syracuse’s tyrants, loathed by everybody. One day, Denys heard about an old woman who prayed for him every single day. (...)

Would De-Growth Make Us Happier?

Would De-Growth Make Us Happier?Economists use the per capita Gross Domestic Product (GDP) as the main indicator of the level of material well-being achieved by a country. The GDP is the cake with which we feed ourselves; the portfolio to draw on to meet our material needs. In recent years, there have been many critical (...)

Hospital Budget Constraint(s) and Patients’ Mobility: Evidence from Lombardy
by Paolo Berta, Carla Guerriero, and Rosella Levaggi

Hospital Budget Constraint(s) and Patients' Mobility: Evidence from LombardyWP 2018-06. Executive Summary.

The High Cost of GDPR is Already Apparent

The High Cost of GDPR is Already ApparentOn May 25th, 2018, one of the most sweeping changes to the regulation of the internet, the European Union’s General Data Protection Regulation (GDPR), came into effect. While it has been only a few weeks since the new privacy policies have been enacted, there are already noticeable changes to (...)

Social Responsibility: Compulsory Voluntarism?

Social Responsibility: Compulsory Voluntarism?“Do good and talk about it” became compulsory last year with the introduction of the new European CSR directive for companies with more than 500 employees. The keyword is Corporate Social Responsibility. Companies are compelled to provide annual reports about their charitable commitments. In (...)

How Long is Long-Term Persistence?

How Long is Long-Term Persistence?A paper by economists Luigi Guiso, Paola Sapienza and Luigi Zingales (GSZ) has recently made headlines and received widespread approval within the academic community. Their contribution, titled Long-term Persistence, provides the empirical test of a hypothesis put forward in 1993 by American (...)

Karl Marx? I Knew Him Well...

Karl Marx? I Knew Him Well...On this 5th of May, the author of the Capital would have blown his 200 candles. Embittered by the communism theorist’s admirers, Nicolas Lecaussin explains how his idea was contradicted by facts.
A Romanian who became French, Bogdan Călinescu lived his adolescence under Ceaușescu’s dictatorship. (...)

Aging Populations and the Size of Government
by Ryan H. Murphy and Meg Tuszynski

Aging Populations and the Size of GovernmentWP 2018-04. Executive Summary.

Populinomics Italian Style

Populinomics Italian StyleAfter some months of amazing promises made by politicians pledging whatever might have warranted to them a parliamentary seat, the judgement day has finally come, as Italy’s general elections were held on March the 4th. Apparently, something like a tsunami materialised. In reality - however (...)

An Appraisal of Sovereign Bond-Backed Securities

An Appraisal of Sovereign Bond-Backed SecuritiesDespite the widely held view that the European sovereign debt crisis, and the euro itself, have been stabilized, we are not alone in the opinion that the deep problems not only remain but have probably been exacerbated by the ECB’s actions. Far from being addressed, these problems have only (...)

What’s Wrong With | increasing budget for EU Parliamentary assistants

What's Wrong With | increasing budget for EU Parliamentary assistants European Parliament has just voted to increase the budget each MEP can spend on their assistants. This can hardly be justified. Worse, it can increase the deluge of new regulations.

What’s Wrong With | Greek death tax uncharitable to foreigners
Greek death tax uncharitable to foreigners

What's Wrong With | Greek death tax uncharitable to foreignersSay you want to pass your wealth to others after you die, since you cannot take it with you. If you pass it to friends and family, many (18) EU governments will take a hefty portion of it in inheritance tax. If you pass it to a charity, most governments won’t charge you tax. If you pass it to a (...)

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