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Fiscal Policy, Interest Rate Spreads, and the Zero Lower Bound
Bredemeier, Christian; Juessen, Falko; Schabert, Andreas - Institute for the Study of Labor (IZA) - 2015
This paper questions unconventional fiscal policy effects when the monetary policy rate is at the zero lower bound. We provide evidence for the US that the spread between the policy rate and the US-LIBOR, which is more relevant for private sector transactions, increases with government...
Persistent link: https://www.econbiz.de/10011265653
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Automatic Stabilizers and Economic Crisis: US vs. Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2009
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10005015490
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Inflation Persistence and the Phillips Curve Revisited
Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2007
" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … asserted that, in the context of the new Phillips curve (NPC), inflation is a jump variable. We argue that this "persistency … equilibrium setting (in which real variables not only affect inflation, but are also influenced by it), standard wage …
Persistent link: https://www.econbiz.de/10005703349
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Automatic Stabilizers, Economic Crisis and Income Distribution in Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2010
country micro simulation model to analyse how shocks on market income and employment are mitigated by taxes and transfers. We …
Persistent link: https://www.econbiz.de/10008506088
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Wie wirken die automatischen Stabilisatoren in der Wirtschaftskrise? Deutschland im Vergleich mit der EU und den USA
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2009
Dieser Beitrag vergleicht die automatischen Stabilisierungswirkungen der Steuer- und Transfersysteme in der Europäischen Union und in den USA in der aktuellen Wirtschaftskrise. Dazu werden zwei Szenarien simuliert: erstens ein proportionaler Einkommensschock, in dem alle Bruttoeinkommen um 5...
Persistent link: https://www.econbiz.de/10008550505
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Social Protection as an Automatic Stabilizer
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2010
This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance against macro level shocks in terms of automatic stabilizers. We find that automatic stabilizers absorb 38% of a proportional income shock and 47% of an idiosyncratic...
Persistent link: https://www.econbiz.de/10008680887
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Documentation IZAΨMOD v3.0: The IZA Policy Simulation Model
Loeffler, Max; Peichl, Andreas; Pestel, Nico; Siegloch, … - Institute for the Study of Labor (IZA) - 2014
the budget of the individual household. This includes taxes on income and consumption, social security contributions …
Persistent link: https://www.econbiz.de/10010990920
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Die Beseitigung von Arbeitszeithürden als Beitrag zur Lösung des Fachkräftemangels
Schneider, Hilmar - Institute for the Study of Labor (IZA) - 2012
Die Stellschraube Arbeitszeit ist der in der Fachdebatte am stärksten unterschätzte Ansatzpunkt, um den absehbaren Konsequenzen der demographischen Herausforderungen begegnen zu können. Würden alle Erwerbstätigen im statistischen Durchschnitt Vollzeit arbeiten, was in etwa der heutigen...
Persistent link: https://www.econbiz.de/10010884063
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A Guide to the Political Economy of Reforming Energy Subsidies
Commander, Simon - Institute for the Study of Labor (IZA) - 2012
Energy subsidies are used widely. Although adverse from an efficiency perspective, subsidies confer private benefits on particular groups and, once introduced, tend to be persistent. This paper examines the reasons why and possible ways of overcoming the barriers to reform. The starting point is...
Persistent link: https://www.econbiz.de/10010884377
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Progressive Taxation in a Tournament Economy
Carpenter, Jeffrey P.; Matthews, Peter Hans; Tabb, Benjamin - Institute for the Study of Labor (IZA) - 2014
Not enough is known about the responsiveness of individuals, in particular those who tend to work under different incentives, to changes in marginal tax rates. We ask whether changes in marginal tax rates are less distortionary for workers engaged in a contest. To examine this potential...
Persistent link: https://www.econbiz.de/10010886142