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obtain 8% and 1%. Dynamic scoring for the EU-14 shows that 54% of a labor tax cut and 79% of a capital tax cut are self-financing …We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using … US can increase tax revenues by 30% by raising labor taxes and by 6% by raising capital income taxes. For the EU-14 we …
Persistent link: https://www.econbiz.de/10012463307
European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment … adjustments than other labor insurance mechanisms. Venture capital and private equity investors are especially sensitive to these … labor adjustment costs. Nations favoring labor expenditures as the mechanism for providing worker insurance developed …
Persistent link: https://www.econbiz.de/10012463023
The European Union Circular Economy Action Plan (EU-CEAP) is key to transitioning to a circular economy and climate neutrality under the EU Green Deal - and developing and emerging countries (DECs) play important roles, They are essential for primary material chains, for example, for electric...
Persistent link: https://www.econbiz.de/10013413434
impacted by stricter waste shipment regulation (WSR), along with higher EU recycling targets, mandatory recycled content for … EU waste export regulations should be initiated accordingly. In response to plastic waste imports, plastic recycling in … materials, higher targets for retrieving secondary battery materials, as well as reusing, repurposing and recycling EVs and …
Persistent link: https://www.econbiz.de/10013459427
Persistent link: https://www.econbiz.de/10012477126
A common European bond would yield a common European Monetary Union risk free rate. We present tentative estimates of this common risk free for the European Monetary Union countries from 2004 to 2009 using variables motivated by a theoretical portfolio selection model. First, we analyze the...
Persistent link: https://www.econbiz.de/10012463297
information. In this economy, agents are inattentive because of costs of acquiring, absorbing and processing information, so that …
Persistent link: https://www.econbiz.de/10012463915
This paper characterizes the transmission mechanism of monetary shocks across countries of the euro area, documents how this mechanism has changed with the introduction of the euro, and explores some potential explanations. The factor-augmented VAR (FAVAR) framework used is sufficiently rich to...
Persistent link: https://www.econbiz.de/10012464457
High interest rates to defend the exchange rate signal that a government is committed to fixed exchange rates, but may also signal weak fundamentals. We test the effectiveness of the interest rate defense by disaggregating into the effects on future interest rates differentials, expectations of...
Persistent link: https://www.econbiz.de/10012466045
Data for world savings rates do not suggest that an aggregate glut of world savings has depressed US and international interest rates in recent years. Unusual but offsetting changes in savings rates have been limited to three regions: sharp declines in the US have been matched by sharp increases...
Persistent link: https://www.econbiz.de/10012467159