• Article  

      Cross-border pollution, terms of trade, and welfare 

      Hatzipanayotou, Panos; Lahiri, Sajal; Michael, Michael S. (2008)
      We construct a two-good general equilibrium model of international trade for two small open economies where pollution from production is transmitted across borders. Governments in both countries impose emission taxes ...
    • Article  

      International migration, income taxes and transfers: A welfare analysis 

      Michael, Michael S. (2003)
      An important issue in public policy debates is the effect of international migration on welfare in source and host countries. We address this issue by constructing a general equilibrium model of a two-class source or host ...
    • Article  

      International migration, the provision of public goods, and welfare 

      Gatsios, Konstantine; Hatzipanayotou, Panos; Michael, Michael S. (1999)
      This paper highlights the importance of the 'public finance' aspects of international migration on wages and welfare. We construct a general equilibrium model of a labor-exporting (i.e., source) or of a labor-importing ...
    • Working Paper  

      Longevity and education: a macroeconomic perspective 

      Ricci, Francesco; Zachariadis, Marios (2007-12)
      This paper investigates the determinants of longevity at a macroeconomic level, emphasizing the important role played by education. To analyze the determinants of longevity, we build a model where households intentionally ...
    • Article  

      Pollution and reforms of domestic and trade taxes towards uniformity 

      Michael, Michael S.; Hatzipanayotou, Panos (2013)
      This paper builds a small open economy trade model where there is pollution from the production and consumption of goods. In the presence of production and consumption pollution, we examine a piecemeal consumer-price-neutral ...
    • Article  

      Trade and domestic tax reforms in the presence of a public good and different neutrality conditions 

      Hatzipanayotou, Panos; Lahiri, Sajal; Michael, Michael S. (2011)
      This paper develops a perfectly competitive general-equilibrium model of a small open economy with production of private traded goods and of a public good which is financed by revenues from trade and domestic taxes. Within ...
    • Article  

      Welfare effects of migration in societies with indirect taxes, income transfers and public good provision 

      Michael, Michael S.; Hatzipanayotou, Panos (2001)
      We construct a general equilibrium trade model of a two-class small open host or source country. When consumption tax revenue finances the provision of a public good, marginal migration reduces social welfare in the source ...