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De Grauwe, Paul; Gros, Daniel - 2009

The ECB has been arguing in the past that since there is no trade-off between price stability and financial stability, the pursuit of price stability is the best a central bank can do to also maintain financial stability. We argue that there is a potential trade-off between price stability and...

Persistent link: https://www.econbiz.de/10003888991

Europe's new border taxes

Cnossen, Sijbren; Verwaal, Ernst - 2001

Instead of abolishing internal border controls in 1993, the European Union (EU) replaced them with VAT and statistical …, 5 per cent of the value of their intra-EU trade. This figure is probably higher for other EU Member States. Obviously …, the costs constitute a (differentiated) border tax that impedes intra-EU trade. The paper analyses the determinants of the …

Persistent link: https://www.econbiz.de/10011398053

How should tobacco be taxed in EU-accession countries?

Cnossen, Sijbren - 2001

affectsrevenue, tobacco consumption control, and EU competition. Thispaper examines the arguments and concludes that a …

Persistent link: https://www.econbiz.de/10011399671

Fiscal rules, financial stability and optimal currency areas

De Grauwe, Paul; Foresti, Pasquale - 2015

In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co-movements in fiscal policy; 2) financial stability; and 3) financial integration. We provide empirical evidence documenting the existence of such a trade-off in the period characterized...

Persistent link: https://www.econbiz.de/10010533078

The long arm of the European VAT, exemplified by the Dutch experience

Bettendorf, Leon; Cnossen, Sijbren - 2014

these design shortcomings, the EU VAT is in danger of becoming an anachronism compared with modern VATs elsewhere. This …

Persistent link: https://www.econbiz.de/10010337520

Tackling spillovers by taxing corporate income in the European Union at source

Cnossen, Sijbren - 2016 - This version 18 February 2016

This paper surveys and evaluates the corporation tax (CT) systems of the Member States of the European Union on the basis of a comprehensive taxonomy of actual and potential regimes, which have as their base either profits, profits and interest, or economic rents. The current regimes give rise...

Persistent link: https://www.econbiz.de/10011436091

Monetary policy in EMU when the transmission is asymmetric and uncertain

De Grauwe, Paul; Sénégas, Marc-Alexandre - 2003

In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data.We find that the uncertainty about the transmission process increases the need to take into account information about...

Persistent link: https://www.econbiz.de/10011506467

Has the Eurozone become bess fragile? : some empirical tests

De Grauwe, Paul; Ji, Yuemei - 2015

In this paper we provide empirical evidence documenting the nature of the Eurozone's fragility. We find that during periods of turmoil, financial markets have tended to impose strong programs of austerity on member countries of the Eurozone. This confirms the evidence we found in a previous...

Persistent link: https://www.econbiz.de/10010472677

Tax policy in the European Union : a review of issues and options

Cnossen, Sijbren - 2002

As economic integration within the European Union (EU) progresses, the interactions between the tax systems of the … the EU. These considerations have important implications for the design and coordination of tax systems in the EU …

Persistent link: https://www.econbiz.de/10011410549

Is monetary policy in the eurozone less effective than in the US?

De Grauwe, Paul (contributor); Costa, Cláudia (contributor) - 2005

There is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the ECB's monetary policies. In order to test this "ECB-handicap" hypothesis, we perform a meta-analysis of the effects of monetary policies in the US and the Eurozone countries....

Persistent link: https://www.econbiz.de/10003297484