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1
Do Enlarged Fiscal Deficits Cause Inflation : The Historical Record
Bordo, Michael D.
-
2020
In this paper we survey the historical record for over two centuries on the connection between expansionary fiscal policy and inflation. As a backdrop, we briefly lay out several theoretical approaches to the effects of fiscal deficits on inflation: the earlier Keynesian and monetarist...
Persistent link: https://www.econbiz.de/10012482414
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2
Automatic Stabilizers and Economic Crisis : US vs. Europe
Dolls, Mathias
-
2010
income shock in the
EU
, compared to 32 per cent in the US. In the case of an unemployment shock 47 percent of the shock are … absorbed in the
EU
, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 30 per cent in the
EU
and up to 20 per cent in the US. There is large heterogeneity within the
EU
. Automatic …
Persistent link: https://www.econbiz.de/10012462382
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3
Fiscal and Migration Competition
Razin, Assaf
-
2010
The paper models the host country stylistically as a member of the core of an economic union (i.e., a core
EU
welfare …. The source country is modeled as an accession country to an economic union (i.e., through the
EU
enlargement treaty), with …
Persistent link: https://www.econbiz.de/10012462431
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4
Vying for Foreign Direct Investment : A
EU
-type Model of Tax Competition
Razin, Assaf
-
2006
among the
EU
15 and
EU
10 in the enlarged European Union, as of 2004. We also demonstrate that the notion that the mere …
Persistent link: https://www.econbiz.de/10012466680
Saved in:
5
Three Current Account Balances : A "Semi-Structuralist" Interpretation
Chinn, Menzie D.
-
2005
Three large current account imbalances -- one deficit (the United States) and two surpluses (Japan and the Euro area) -- are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange...
Persistent link: https://www.econbiz.de/10012466819
Saved in:
6
Trade Invoicing in the Accession Countries : Are They Suited to the Euro?
Goldberg, Linda
-
2005
The accession countries to the euro area are increasingly binding their economic activity, external and internal, to the euro area countries. One aspect of this phenomenon concerns the currency invoicing of international trade transactions, where accession countries have reduced their use of the...
Persistent link: https://www.econbiz.de/10012467023
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7
Goods and Factor Market Integration : A Quantitative Assessment of the
EU
Enlargement
Caliendo, Lorenzo
-
2017
use the
EU
Labour Force Survey to construct migration flows by skill and nationality across 17 countries for the period … 2002-2007. We then exploit the timing variation of the 2004
EU
enlargement to estimate the elasticity of migration flows to … our model and use these estimates, as well as the observed changes in tariffs, to quantify the effects from the
EU
…
Persistent link: https://www.econbiz.de/10012454987
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8
Open Borders in the European Union and Beyond : Migration Flows and Labor Market Implications
Kennan, John
-
2017
anywhere in the
EU
, and many did so. In 2015, a large number of refugees from Syria and other broken countries sought to … migrate to
EU
countries (along very dangerous routes), and these refugees were met with fierce resistance, at least in some … particular reference to the
EU
. The aim is to quantify the migration flows associated with
EU
enlargement, and to analyze the …
Persistent link: https://www.econbiz.de/10012455632
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9
Conditional PPP and Real Exchange Rate Convergence in the Euro Area
Bergin, Paul R.
-
2016
While economic theory highlights the usefulness of flexible exchange rates in promoting adjustment in international relative prices, flexible exchange rates also can be a source of destabilizing shocks. We find that when countries joining the euro currency union abandoned their national exchange...
Persistent link: https://www.econbiz.de/10012456694
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10
How Much Do Taxes Discourage Incorporation
MacKie-Mason, Jeffrey K.
-
1991
One of the most basic distortions created by the double taxation of corporate income is the disincentive to incorporate. In this paper, we investigate the extent to which the aggregate allocation of assets and taxable income in the U.S. between corporate vs. noncorporate forms of organization...
Persistent link: https://www.econbiz.de/10012475219
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