Showing 1 - 10 of 610
This paper explores the nature, significance and policy implications of spillovers in international corporate taxation …, to analyze spillovers and how they might be addressed. In doing so, it goes beyond current initiatives to look at a wide …
Persistent link: https://www.econbiz.de/10014410572
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181
To test the role of bank lending in transmitting currency crisis we examine a panel of BIS data on bank flows to 30 emerging markets disaggregated by 11 banking centers. We find that bank exposures to a crisis country help predict bank flows in third countries after the Mexican and Asian crisis,...
Persistent link: https://www.econbiz.de/10014399830
This paper presents evidence that spillovers through bank lending, as opposed to trade linkages and country … characteristics, can help explain contagion. We construct a measure of competition for bank funds and find evidence in favor of a …
Persistent link: https://www.econbiz.de/10014401017
Fiscal rules are being increasingly used by both emerging and developed economies. This paper analyzes two alternative fiscal policy rules in terms of their impact on debt sustainability: a rule that fixes the ratio of primary surplus to GDP (""fixed surplus rule"") and one that sets the primary...
Persistent link: https://www.econbiz.de/10014404172
This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...
Persistent link: https://www.econbiz.de/10014400163
Persistent link: https://www.econbiz.de/10014408258
Many countries around the globe, particularly the systemic advanced economies, face the challenge of closing output gaps and raising potential output growth. Addressing these challenges requires a package of macroeconomic, financial and structural policies that will boost both aggregate demand...
Persistent link: https://www.econbiz.de/10014408561
policies that help the S5 close their output gap without over-stimulating or over-tightening, through spillovers, economies …
Persistent link: https://www.econbiz.de/10014410440
, and financial sectors. Spillovers are transmitted across economies via trade, financial, and commodity price linkages …
Persistent link: https://www.econbiz.de/10014410531