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The Impact of Headquarter and Subsidiary Locations on Multinationals' Effective Tax Rates
Markle, Kevin S. - 2013
We examine effective tax rates (ETRs) for 9,022 multinationals from 87 countries from 2006 to 2011. We find that, despite extensive investments in international tax avoidance, multinationals headquartered in Japan, the U.S., and some high-tax European countries continue to face substantially...
Persistent link: https://www.econbiz.de/10012459040
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What is a Sustainable Public Debt?
D'Erasmo, Pablo - 2015
three approaches to analyze debt sustainability in the United States and Europe after the recent surge in public debt … traditional approach to evaluate debt sustainability, and examine three alternative approaches that provide useful econometric and … model-simulation tools to analyze debt sustainability. The first approach is Bohn's non-structural empirical framework based …
Persistent link: https://www.econbiz.de/10012457095
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Transportation/Communication Considerations in the Location of Headquarters for Multi-Establishment Manufacturing Firms
Lavey, Warren G. - 1974
Usually transportation/communication (t/c) considerations appear as only two in a long list of factors which determine headquarters location patterns. The research reported here singles out t/c considerations as the logical basis for headquarters location decisions. We ask: to what degree do...
Persistent link: https://www.econbiz.de/10012479074
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Across-Country Wage Compression in Multinationals
Hjort, Jonas - 2020
Many employers link wages at the firm's establishments outside of the home region to the level at headquarters. Multinationals that anchor-to-the headquarters also transmit wage changes arising from shocks to minimum wages and exchange rates in the home country/state to their foreign...
Persistent link: https://www.econbiz.de/10012479312
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Undisclosed Debt Sustainability
Alfaro, Laura - 2019
sustainability. Disclosure of nontraditional debt would imply significant welfare gains for the recipient countries but would reduce … its sustainability. We discuss the implications of nontraditional lending on standard assumptions of sovereign debt models …
Persistent link: https://www.econbiz.de/10012480291
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An Analysis of Puerto Rico's Debt Relief Needs to Restore Debt Sustainability
Gluzmann, Pablo A. - 2018
was certified in March 2017 for fiscal years 2017-18 to 2026-27. Second, we perform a Debt Sustainability Analysis (DSA … that the island's current debt position is unsustainable, and compute the necessary debt relief to restore sustainability …
Persistent link: https://www.econbiz.de/10012480907
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A New Index of Debt Sustainability
Blanchard, Olivier J. - 2017
Debt sustainability is fundamentally a probabilistic concept: Debt is rarely sustainable with probability one. We … propose an index of external debt sustainability that reflects this uncertainty. Namely we construct the index as the … strong measures are potentially needed to reestablish sustainability. Exchange rates that appear overvalued in the baseline …
Persistent link: https://www.econbiz.de/10012453645
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Fiscal Stimulus and Fiscal Sustainability
Auerbach, Alan J. - 2017
sustainability along the metrics we study. Even in countries with high public debt, the penalty for activist discretionary fiscal …
Persistent link: https://www.econbiz.de/10012453922
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Fiscal Rules in India : Are They Effective?
Buiter, Willem H. - 2010
This paper, a chapter in the forthcoming Oxford University Press Handbook of the Indian Economy, edited by Chetan Ghate, considers India's experience with fiscal (responsibility) rules during the past decade. After reviewing the basic facts concerning public debt and deficits in India, the...
Persistent link: https://www.econbiz.de/10012462717
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The Environment and Directed Technical Change
Acemoglu, Daron - 2009
This paper introduces endogenous and directed technical change in a growth model with environmental constraints and limited resources. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation....
Persistent link: https://www.econbiz.de/10012463198