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Switching from Worldwide to Territorial Taxation : Empirical Evidence of FDI Effects

Buettner, Thiess - 2019

This paper explores empirically whether and how FDI is affected if multinationals’ home countries change taxation of foreign earnings by switching from worldwide to territorial taxation. Our analysis employs data for German inbound FDI based on the ultimate investing country concept. We use a...

Persistent link: https://www.econbiz.de/10012892126

Carbon Prices are Redundant in the 2030 EU Climate and Energy Policy Package

Aune, Finn Roar - 2019

In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European … Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … comprehensive assessment of the EU package, with its three main targets: lower greenhouse gas emissions, higher renewable share in …

Persistent link: https://www.econbiz.de/10012892222

International Food Commodity Prices and Missing (Dis)Inflation in the Euro Area

Peersman, Gert - 2019

This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics using a structural VAR model that is identified with an external instrument (i.e. a series of global harvest shocks). The results reveal that exogenous food commodity price...

Persistent link: https://www.econbiz.de/10012892245

Vat Compliance, Trade, and Institutions

Morrow, Peter - 2019

We develop a simple structural model of value added tax (VAT) compliance, and estimate it using widely available national accounts data to learn about compliance in countries where little is currently known. International border controls improve VAT compliance, generating a correlation between...

Persistent link: https://www.econbiz.de/10012864936

The Euro Crisis and Economic Growth : A Novel Counterfactual Approach

Terzi, Alessio - 2019

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...

Persistent link: https://www.econbiz.de/10012866042

Smart Hedging against Carbon Leakage

Böhringer, Christoph - 2019

Policy makers in the EU and elsewhere are concerned that unilateral carbon pricing induces carbon leakage through … general equilibrium (CGE) model calibrated to empirical data, we quantify the welfare gains for the EU to impose such a …

Persistent link: https://www.econbiz.de/10012859992

The Trade Impact of the COVID-19 Pandemic

Liu, Xuepeng; Ornelas, Emanuel; Shi, Huimin - 2021

Using a gravity-like approach, we study how Covid-19 deaths and lockdown policies affected countries’ imports from China during 2020. We find that a country’s own Covid-19 deaths and lockdowns significantly reduced its imports from China, suggesting that the negative demand effects prevailed...

Persistent link: https://www.econbiz.de/10013224091

Does Democracy Make Taller Men? Cross-Country European Evidence

Batinti, Alberto; Costa-Font, Joan - 2021

We study whether a democracy improves a measure of individual wellbeing; human heights. Drawing on individual-level datasets, we test the hypothesis using a battery of eight different measures of democracy and derived averages, and include models accounting for several confounders, regional and...

Persistent link: https://www.econbiz.de/10013310764

CBDCS, payment firms, and geopolitics

Berg, Tobias; Keil, Jan; Martini, Felix; Puri, Manju - 2024

Persistent link: https://www.econbiz.de/10015050966

Real Responses to Anti-Tax Avoidance : Evidence from the UK Worldwide Debt Cap

Bilicka, Katarzyna Anna; Qi, Yaxuan; Xing, Jing - 2021

We analyze how multinational firms reallocate real operations and debt across their affiliates in response to anti-tax avoidance policies. The UK introduced a worldwide debt cap in 2010, generating a quasi-natural experiment that limited interest deductibility for a group of multinational firms....

Persistent link: https://www.econbiz.de/10013229703