ADEMU Working Papers Serieshttp://hdl.handle.net/10230/257722024-03-29T00:26:27Z2024-03-29T00:26:27ZDoes Excel limit costeffectiveness assessment?: a comparative analysis of a patient-level cost-effectiveness model for Crohn’s disease monitoring in Microsoft® Excel® and Simul8® for the UK.Torrejón Torres, Rafaelhttp://hdl.handle.net/10230/458212020-12-04T09:17:58Z2020-01-01T00:00:00ZDoes Excel limit costeffectiveness assessment?: a comparative analysis of a patient-level cost-effectiveness model for Crohn’s disease monitoring in Microsoft® Excel® and Simul8® for the UK.
Torrejón Torres, Rafael
Màster Universitari en Economia de la Salud i del Medicament (UPF Barcelona School of Management) Curs 2017-2020; Mentor: José Manuel Rodríguez
2020-01-01T00:00:00ZCompetences and alignment in an emerging future after L-Bank : how the Eurosystem and the Single Supervisory Mechanism may developSmits, Renéhttp://hdl.handle.net/10230/424662019-10-19T01:30:56Z2017-10-01T00:00:00ZCompetences and alignment in an emerging future after L-Bank : how the Eurosystem and the Single Supervisory Mechanism may develop
Smits, René
Starting with a discussion of a recent court judgment on the prudential supervisory powers of the European Central bank (ECB), the L-Bank judgment of 16 May 2017 in Case T-122/15 (currently under appeal: Case C-450/17 P), this paper explores the development of the Single Supervisory Mechanism (SSM) and of the Eurosystem, as two formations of the ECB acting together with national authorities. The allocation of powers in both systems is analysed on the basis of the administrative and judicial reviewability of acts of the central banks and supervisory authorities; ‘intersection issues’ between national and Union competences in supervision; the role of national law in supervision and the national implementation of EU directives in the area of prudential supervision; and the measure of ‘Europeanisation’ of competences in respect of the holding of gold reserves and the provision of liquidity to banks (lender of last resort). A brief foray into the different supervisory liability regimes for the ECB and selected national supervisory authorities precedes concluding suggestions for further study and development of Europe’s Economic and Monetary Union (EMU).
2017-10-01T00:00:00ZIntroducing an Austrian backpack in SpainBrogueira de Sousa, JoãoDíaz-Saavedra, JuliánMarimon, Ramonhttp://hdl.handle.net/10230/355332018-09-28T08:06:52Z2018-07-01T00:00:00ZIntroducing an Austrian backpack in Spain
Brogueira de Sousa, João; Díaz-Saavedra, Julián; Marimon, Ramon
In an overlapping generations economy with incomplete insurance markets, the introduction of an employment fund (akin to the one introduced in Austria in 2003, also known as `Austrian backpack') can enhance production effciency and social welfare, if it complements, and in part substitutes, the two classical systems of public insurance: pay-as-you-go pensions and unemployment insurance (UI). We show this in a calibrated dynamic general equilibrium model with heterogeneous agents of the Spanish economy (2014). A `backpack' (BP) employment fund is an individual (across jobs) transferable fund, which earns the economy interest rate as a return and is financed with a small payroll tax (a BP tax). The worker can use the fund if he or she becomes unemployed or retires. To complement the existing Spanish pension and UI systems with a 2% BP tax would be preferred to the status quo by more than 90% of the households of the calibrated economy, a percentage that can be higher with a more substantial BP (i.e. higher BP tax). Our model also provides a framework where other reforms (e.g. a partial, or complete, substitution of current unsustainable pension systems) can be quantitatively assessed.
2018-07-01T00:00:00ZGeneralized compensation principleTsyvinski, AlehWerquin, Nicolashttp://hdl.handle.net/10230/355322018-09-28T08:49:52Z2018-07-01T00:00:00ZGeneralized compensation principle
Tsyvinski, Aleh; Werquin, Nicolas
We generalize the classic concept of compensating variation and the welfare compensation principle to a general equilibrium environment with distortionary taxes. We derive in closed-form the solution to the problem of designing a tax reform that compensates the welfare gains and losses induced by an arbitrary economic disruption. In partial equilibrium, average taxes simply increase or decrease to counteract the revenue gains or losses caused by the disruption. In general equilibrium, the compensation features three elements that depart from this benchmark and respectively account for (i) the incidence of the initial exogenous shock, and the fact that the tax reform itself induces indirect welfare effects caused by (ii) the non-constant marginal product of labor and (iii) the skill complementarities in production. This leads to a progressive compensating tax reform, with average tax rates increasing at a rate given by the ratio of the elasticity of labor demand and the elasticity of labor supply net of the rate of progressivity of the pre-existing tax code. We also derive a closed form formula for the fiscal surplus of the wage disruption and the compensation, thus generalizing the traditional Kaldor-Hicks criterion. Finally, we apply our formula to the compensation of automation: in the U.S., one additional robot per thousand workers requires a reduction (resp., increase) in the average tax rate at the 10th (resp., 90th) percentile of the income distribution equal to 2 percentage points (resp., 0.5 pp).
2018-07-01T00:00:00Z