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The redistributive effects of tax benefit systems in the enlarged EU
Fuest, Clemens; Niehues, Judith; Peichl, Andreas - 2009
How do different components of the tax and transfer systems affect disposable income inequality? This paper explores the redistributive effects of different tax benefit instruments in the enlarged EU based on two approaches. Inequality analysis based on the standard approach suggests that...
Persistent link: https://www.econbiz.de/10003906234
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Automatic stabilizers, economic crisis and income distribution in Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2010
This paper investigates to what extent the tax and transfer systems in Europe protect households at different income levels against losses in current income caused by economic downturns like the present financial crisis. We use a multi country micro simulation model to analyse how shocks on...
Persistent link: https://www.econbiz.de/10003959997
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Fiscal union in Europe? : redistributive and stabilising effects of an EU tax-benefit system
Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - 2012
The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...
Persistent link: https://www.econbiz.de/10009545267
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Fiscal union in Europe? : redistributive and stabilising effects of an EU tax-benefit system
Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - 2012
The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...
Persistent link: https://www.econbiz.de/10009667120
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An unemployment insurance scheme for the Euro area? : a comparison of different alternatives using micro data
Dolls, Mathias; Fuest, Clemens; Neumann, Dirk; Peichl, … - 2014
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed and assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the...
Persistent link: https://www.econbiz.de/10010423760
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Automatic stabilizers and economic crisis : US vs. Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 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/10003879344
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Thresholds in the process of international financial integration
Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …
Persistent link: https://www.econbiz.de/10003831857
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How do trade and financial integration affect the relationship between growth and volatility?
Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2006
context of globalization a term typically used to describe the phenomenon of growing international trade and financial … interaction of financial integration with volatility. -- globalization ; international trade and financial linkages …
Persistent link: https://www.econbiz.de/10003464194
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How does financial globalization affect risk sharing? : Patterns and channels
Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2007
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … better risk sharing outcomes during the recent period of globalization. Developing countries have, by and large, been shut … flows may help explain why emerging markets have not been able to realize this presumed benefit of financial globalization …
Persistent link: https://www.econbiz.de/10003586563