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Housing and tax-deferred retirement accounts

Ho, Anson T. Y.; Zhou, Jie - 2016

Assets in tax-deferred retirement accounts (TDA) and housing are two major components of household portfolios. In this … of the preferential tax treatments for both TDA and home ownership. They substitute TDA assets for home equity by …

Persistent link: https://www.econbiz.de/10011564704

Labor demand response to labor supply incentives: Lessons from the German Mini-Job Reform

Galassi, Gabriela - 2021

This paper analyzes how firms respond to changes in tax benefits for low-earning workers and how, through equilibrium …'s 2003 Mini-Job Reform, which entailed a significant expansion of tax benefits for low-earning workers. Firms' responses are … relative expansion is tilted towards high-earning workers, a group that is not the target of the tax benefits. In addition, non …

Persistent link: https://www.econbiz.de/10012619622

Berufsbedingte Mobilität - empirische Befunde für Deutschland

Wesselbaum-Neugebauer, Claudia - 2009

is necessary if they choose public transportation. Furthermore a tax-deductible flat-rate per kilometer is required if …

Persistent link: https://www.econbiz.de/10010291107

Government spending multipliers under the zero lower bound: Evidence from Japan

Miyamoto, Wataru; Nguyen, Thuy Lan; Sergeyev, Dmitriy - 2017

Using a rich data set on government spending forecasts in Japan, we provide new evidence on the effects of unexpected changes in government spending when the nominal interest rate is near the zero lower bound (ZLB). The on-impact output multiplier is 1.5 in the ZLB period, and 0.6 outside of it....

Persistent link: https://www.econbiz.de/10012014448

Sources of borrowing and fiscal multipliers

Priftis, Romanos; Zimic, Srecko - 2018

This paper finds that debt-financed government spending multipliers vary considerably depending on the location of the debt buyer. In a sample of 33 countries, we find that government spending multipliers are larger when government purchases are financed by issuing debt to foreign investors...

Persistent link: https://www.econbiz.de/10012014487

Time-consistent management of a liquidity trap with government debt

Matveev, Dmitry - 2018

This paper studies optimal discretionary monetary and fiscal policy when the lower bound on nominal interest rates is occasionally binding in a model with nominal rigidities and long-term government debt. At the lower bound it is optimal for the government to temporarily reduce debt. This...

Persistent link: https://www.econbiz.de/10012014493

Non-Performing loans fiscal costs and credit expansion in China

Bi, Huixin; Cao, Yongquan; Dong, Wei - 2018

lead to higher credit multipliers at all horizons, as the benefits of persistently alleviating firms' borrowing constraint …

Persistent link: https://www.econbiz.de/10012014508

(Un)conventional monetary and fiscal policy

Wu, Jing Cynthia; Xie, Yinxi - 2023

policy is fully tax financed. Compared with these three policies, conventional monetary policy is more inflationary for the … same amount of stimulus. QE and transfers have redistribution consequences, whereas government spending and conventional … monetary policy do not. Ricardian equivalence breaks down: tax-financed fiscal policy is more stimulative than debt …

Persistent link: https://www.econbiz.de/10014544425

What people believe about monetary finance and what we can('t) do about it: Evidence from a large-scale, multi-country survey experiment

Hommes, Cars H.; Pinter, Julien; Salle, Isabelle - 2023

affects the respondents' views by shifting their inflation and tax expectations associated to these policies. …

Persistent link: https://www.econbiz.de/10014544579

International portfolio rebalancing and fiscal policy spillovers

Alpanda, Sami; Aysun, Uluc; Kabaca, Serdar - 2023

We evaluate, both empirically and theoretically, the spillover effects that debt-financed fiscal policy interventions of the United States have on other economies. We first consider a two-country dynamic stochastic general equilibrium model with international portfolio rebalancing effects...

Persistent link: https://www.econbiz.de/10014544594