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corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits … effect on productivity at the firm level. The effect is negative across firms of different size and age classes except for …. This may partly explain the negative productivity effects of corporate taxes if new capital goods embody technological …
Persistent link: https://www.econbiz.de/10005062874
realistic parameter values, the model generates a blip in inflation of the same magnitude observed in the data"--Federal Reserve …
Persistent link: https://www.econbiz.de/10002521760
We use the results of a survey conducted on a sample of 3,013 exporting firms located in 5 EMU countries to explore the link between the invoicing currency of exports, firm size, and hedging. About 90% of firms in the sample invoice exports in their (producer) currency. Large firms are more...
Persistent link: https://www.econbiz.de/10010604043
Persistent link: https://www.econbiz.de/10005607300
Persistent link: https://www.econbiz.de/10005062887
Persistent link: https://www.econbiz.de/10005243440
This paper surveys the empirical research on fiscal policy analysis based on real-time data. This literature can be broadly divided in three groups that focus on: (1) the statistical properties of Revisions in fiscal data; (2) the political and institutional determinants of projection errors by...
Persistent link: https://www.econbiz.de/10009358499
The objective of this study is to use both static and dynamic frameworks to compare the benefits that immigrants draw from the public system with their contributions through the taxes that they pay. The main conclusion of this article is that the impact of immigration on welfare systems is weak....
Persistent link: https://www.econbiz.de/10010604030
This paper provides empirical evidence showing that smaller countries tend to have more volatile government consumption for a sample of 160 countries from 1960 to 2000. The analysis also shows that country size is negatively related to the discretionary part of government consumption and to the...
Persistent link: https://www.econbiz.de/10005062807
In this paper we argue that any assessment on the intentional stance of fiscal policy should be based upon all the information available to policymakers at the time of fiscal planning. In particular, real-time data on the discretionary fiscal policy “instrument”, the structural primary...
Persistent link: https://www.econbiz.de/10005062809