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of tax changes on consumption and savings; and 4) the effect of tax changes on labour market activities. …
Persistent link: https://www.econbiz.de/10010242079
Using a representative survey of the German population, this paper studies individual consumption responses to a recent … for tax changes to affect consumption and economic activity. Our analysis of the socio-demographic and economic … determinants of consumption responses suggests that temporary and permanent tax changes have a similar impact, that interest rates …
Persistent link: https://www.econbiz.de/10010254301
significantly larger drop in consumption than high-income households. Thus, consumption inequality increase after a pandemic shock …
Persistent link: https://www.econbiz.de/10012542702
I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find spillovers from US tax legislation to have the...
Persistent link: https://www.econbiz.de/10012649097
The cross-country interbank market in the euro area was a crucial transmission channel of financial stress. By using a two-country DSGE model of a financially heterogeneous monetary union where banks in one country lend funds to their foreign counterparts, I examine its role as shock ampli.er...
Persistent link: https://www.econbiz.de/10011773490
In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states' GDP growth. Our sample includes 68 countries and covers the period 1976 - 2012. We find that sanctions imposed by the UN have a statistically and economically significant influence...
Persistent link: https://www.econbiz.de/10010336190
This paper investigates the effect of sectoral foreign direct investment (FDI) on economic growth in Egypt, using a novel panel dataset of 26 Egyptian governorates for the period 1992-2007. The growth literature is robust with the benefits of using a within-country dataset for such a research...
Persistent link: https://www.econbiz.de/10011403109
Using a novel panel dataset of Egyptian governorates for the period 1992-2007, we investigate the effects of aggregate and sectoral foreign direct investment (FDI) on Egypt's economic growth. We distinguish between FDI in the manufacturing, agriculture and service sector. The similarity of...
Persistent link: https://www.econbiz.de/10012414512
The withdrawal of foreign capital from emerging countries at the height of the recent financial crisis and its quick return sparked a debate about the impact of capital flow surges on asset markets. This paper addresses the response of property prices to an inflow of foreign capital. For that...
Persistent link: https://www.econbiz.de/10009534069
In this paper, I document empirical evidence that an external shock in capital inflows leads to an increase in income inequality in advanced economies and causes a decline in income inequality in emerging market economies. I estimate a panel VAR model with an annual dataset on 53 countries over...
Persistent link: https://www.econbiz.de/10014418019