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Consumption smoothing in a balanced budget regim
Persson, Lovisa - 2013
I investigate consumption smoothing (sensitivity) under a balanced budget rule in Swedish municipalities. In general, I find Swedish municipalities to be highly consumption sensitive during the time period 2001-2011 when the BBR was in place. A one percentage increase in predicted current...
Persistent link: https://www.econbiz.de/10010200110
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Taxes, Budget Deficits Ad Consumer Spending : Some New Evidence
Feldstein, Martin S.; Elmendorf, Douglas W. - 2021
Because of the restrictive assumptions required to establish the theory of Ricardian equivalence, its relevance in … changes in tax receipts have no effect on consumer spending. The present study shows that Kormendi's results are a misleading … that in the equation specified by Kormendi, but with the years 1941 through 1946 excluded, increases in tax receipts have …
Persistent link: https://www.econbiz.de/10013224202
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Taxes, Budget Deficits ad Consumer Spending : Some New Evidence
Feldstein, Martin - 1987
Because of the restrictive assumptions required to establish the theory of Ricardian equivalence, its relevance in … changes in tax receipts have no effect on consumer spending. The present study shows that Kormendi's results are a misleading … that in the equation specified by Kormendi, but with the years 1941 through 1946 excluded, increases in tax receipts have …
Persistent link: https://www.econbiz.de/10012476713
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Political Instability, Uncertainty and Economics
Carmignani, Fabrizio - 2003
This paper focuses on the relationship between political instability, policy-making and macroeconomic outcomes. The theoretical section explores various models that explain the effect of instability (and political uncertainty) on growth, budget formation, inflation and monetary policy. The...
Persistent link: https://www.econbiz.de/10014089561
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Nowcasting private consumption : traditional indicators, uncertainty measures, credit cards and some internet data
Gil, María; Pérez, Javier J.; Sánchez Fuentes, A. Jesús - 2018
Persistent link: https://www.econbiz.de/10011946875
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Risikoübernahme, Arbeitsanreiz und differenzierende Besteuerung
Niemann, Rainer (contributor) - 2007
In diesem Beitrag werden die Effekte symmetrischer und differenzierender Besteuerung auf die Portfoliowahl und den Arbeitsanreiz untersucht. Hierbei wird zunächst ein Portfoliomodell mit zwei riskanten Projekten im Ein-Personen-Kontext, d.h. ohne Arbeitsanreizproblem betrachtet. Symmetrische...
Persistent link: https://www.econbiz.de/10003567128
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Mining and Quasi-Option Value
Costello, Christopher - 2015
We study the timing-of-extraction problem facing a decentralized mine owner when extraction entails environmental damage. As expected, when the environmental damage from mining is known, the socially optimal timing will depend on the magnitude of the damage relative to these costs in the rest of...
Persistent link: https://www.econbiz.de/10013019516
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The Impact of Tax Uncertainty on Irreversible Investment
Niemann, Rainer - 2021
Tax legislation, fiscal authorities, and tax courts create tax uncertainty by frequent tax reforms and various … different interpretations of the tax law. Moreover, investors generate model-specific tax uncertainty by using simplified models … that anticipate the actual tax base incorrectly. I analyze the effects of stochastic taxation on investment behavior in a …
Persistent link: https://www.econbiz.de/10013316889
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Mining and Quasi-Option Value
Costello, Christopher - 2015
We study the timing-of-extraction problem facing a decentralized mine owner when extraction entails environmental damage. As expected, when the environmental damage from mining is known, the socially optimal timing will depend on the magnitude of the damage relative to these costs in the rest of...
Persistent link: https://www.econbiz.de/10012457342
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Households' vulnerability to covariate and idiosyncratic shocks
Günther, Isabel (contributor);  … - 2006
's general poverty risk, or in other words its vulnerability to poverty. Although several measurements to analyze vulnerability …
Persistent link: https://www.econbiz.de/10003372301