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Persistent link: https://www.econbiz.de/10003724025
how the pandemic progresses, the efficiency of investment spending and the extent of savings drawdown, with large costs …
Persistent link: https://www.econbiz.de/10012604038
Persistent link: https://www.econbiz.de/10012604213
San Marino entered the pandemic with substantial vulnerabilities and still struggling from the consequences of the Global Financial Crisis (GFC). However, the economy has shown significant resilience supported by a timely and targeted policy response. Fiscal support was substantially scaled up...
Persistent link: https://www.econbiz.de/10012697036
We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to pick up the decline in aggregate demand....
Persistent link: https://www.econbiz.de/10010800974
efficiency, equity, and administrative and compliance costs. This paper analyzes tax expenditures in Italy, considering the …
Persistent link: https://www.econbiz.de/10011123882
This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …
Persistent link: https://www.econbiz.de/10011242349
The Polish economy has rebounded strongly, with policy actions limiting the damage from the pandemic-induced recession by supporting employment and avoiding unnecessary bankruptcies. While the pandemic continues to take a toll on lives, the economy has been less impacted by successive waves of...
Persistent link: https://www.econbiz.de/10013168890
, has increased further. The government has embarked on a reform program 'Europe Now', which aims to arrest outward …
Persistent link: https://www.econbiz.de/10013168895
in revenues over five years and to improve the quality and efficiency of the tax system, that will enable the …
Persistent link: https://www.econbiz.de/10013168976