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Winners and Losers of Tax Competition in the European Union

Mendoza, Enrique G. - 2003

This paper quantifies the macroeconomic effects of capital income tax competition in the European Union using a two-country neoclassical dynamic general equilibrium model. This model incorporates three key externalities of tax competition: the relative price externality, the wealth distribution...

Persistent link: https://www.econbiz.de/10012468643

Jump Starting the Euro Area Recovery : Would a Rise in Core Fiscal Spending Help the Periphery?

Blanchard, Olivier - 2015

We show that a fiscal expansion by the core economies of the euro area would have a large and positive impact on periphery GDP assuming that policy rates remain low for a prolonged period. Under our preferred model specification, an expansion of core government spending equal to one percent of...

Persistent link: https://www.econbiz.de/10012457242

Numerical General Equilibrium Analysis of China's Impacts from Possible Mega Trade Deals

Li, Chunding - 2014

highest welfare outcome. For the US, China-TPP FTA will generate the highest welfare outcome. For the EU, all China involved …

Persistent link: https://www.econbiz.de/10012458242

Simulating the Elimination of the U.S. Corporate Income Tax

Fehr, Hans - 2013

We simulate corporate tax reform in a single good, five-region (U.S., Europe, Japan, China, India) model, featuring skilled and unskilled labor, detailed region-specific demographics and fiscal policies. Eliminating the model's U.S. corporate income tax produces rapid and dramatic increases in...

Persistent link: https://www.econbiz.de/10012458906

Testing Macroprudential Stress Tests : The Risk of Regulatory Risk Weights

Acharya, Viral V. - 2013

Macroprudential stress tests have been employed by regulators in the United States and Europe to assess and address the solvency condition of financial firms in adverse macroeconomic scenarios. We provide a test of these stress tests by comparing their risk assessments and outcomes to those from...

Persistent link: https://www.econbiz.de/10012459694

Human Capital and Climate Change

Angrist, Noam; Winseck, Kevin; Patrinos, Harry Anthony; … - National Bureau of Economic Research - 2023

Addressing climate change requires individual behavior change and voter support for pro-climate policies, yet surprisingly little is known about how to achieve these outcomes. In this paper, we estimate causal effects of additional education on pro-climate outcomes using new compulsory schooling...

Persistent link: https://www.econbiz.de/10014247920

The Impact of Brexit on Foreign Investment and Production

McGrattan, Ellen R. - 2017

other E.U. nations. With less E.U. technology deployed in the United Kingdom, U.K. firms increase investment in their own R … Europe. If instead we assume that the European Union imposes the same restrictions on U.K. FDI, then E.U. firms invest more … in their own R&D, benefiting the United Kingdom. With costs higher on both U.K. and E.U. FDI, we predict a significant …

Persistent link: https://www.econbiz.de/10012455464

Secondary Pharmaceutical Patenting : A Global Perspective

Sampat, Bhaven N. - 2017

Pharmaceutical firms' use of secondary patents to extend periods of exclusivity generates concerns among policymakers worldwide. In response, some developing countries have introduced measures to curb the grant of these patents. While these measures have received considerable attention, there is...

Persistent link: https://www.econbiz.de/10012455567

Europe and the euro

Alesina, Alberto (ed.); Giavazzi, Francesco (contributor) - 2010

Persistent link: https://www.econbiz.de/10013480726

The Unequal Economic Consequences of Carbon Pricing

Känzig, Diego R. - National Bureau of Economic Research - 2023

This paper studies the economic impacts of carbon pricing. Exploiting institutional features of the European carbon market and high-frequency data, I document that a tighter carbon pricing regime leads to higher energy prices, lower emissions and more green innovation. This comes at the cost of...

Persistent link: https://www.econbiz.de/10014287322