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Wealth mobility and dynamics over entire individual working life cycles

Hochguertel, Stefan; Ohlsson, Henry - 2011

period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level …

Persistent link: https://www.econbiz.de/10011605347

Tax interactions among Belgian municipalities: does language matter?

Gérard, Marcel; Jayet, Hubert; Paty, Sonia - 2009

This paper tests the existence of strategic interactions among municipalities using a panel of Belgian local tax rates … tax rates, the local surcharge on the (labour) income tax rate and the local surcharge on the property tax. Using tools of … sensitive to tax rates set by their close neighbours only. We also reject the hypothesis that the language does not matter: in …

Persistent link: https://www.econbiz.de/10010264568

Bringing French public debt down: The options for fiscal consolidation

Egert, Balazs - 2012

significant potential for cutting tax expenditures. Furthermore, eliminating distortions in the tax base would encourage economic …

Persistent link: https://www.econbiz.de/10010288248

Political Competition and the Limits of Political Compromise

Cunha, Alexandre B.; Ornelas, Emanuel - 2014

We consider an economy where competing political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public expenditures above the socially optimum level. Parties cannot commit to future policies, but they can forge a political compromise where each...

Persistent link: https://www.econbiz.de/10010352418

Fiscal sustainability and public debt in an endogenous growth model

Fernández-Huertas Moraga, Jesús; Vidal, Jean-Pierre - 2004

This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from human capital formation through educational spending. We assess how budgetary imbalances affect economic dynamics and the outlook for economic growth, thereby providing a...

Persistent link: https://www.econbiz.de/10011604441

Fiscal discipline and the cost of public dept service: some estiames for OECD countries

Ardagna, Silvia; Caselli, Francesco; Lane, Timothy - 2004

We use a panel of 16 OECD countries over several decades to investigate the effects of government debts and deficits on long-term interest rates. In simple static specifications, a one-percentage-point increase in the primary deficit relative to GDP increases contemporaneous long-term interest...

Persistent link: https://www.econbiz.de/10011604457

Fiscal behaviour in the European Union: rules, fiscal decentralization and government indebtedness

Afonso, António; Hauptmeier, Sebastian - 2009

We assess the fiscal behaviour in the European Union countries for the period 1990-2005 via the responsiveness of budget balances to several determinants. The results show that the existence of effective fiscal rules, the degree of public spending decentralization, and the electoral cycle can...

Persistent link: https://www.econbiz.de/10011605100

The impact of high and growing government debt on economic growth: an empirical investigation for the euro area

Checherita-Westphal, Cristina; Rother, Philipp - 2010

This paper investigates the average impact of government debt on per-capita GDP growth in twelve euro area countries over a period of about 40 years starting in 1970. It finds a non-linear impact of debt on growth with a turning point—beyond which the government debt-to-GDP ratio has a...

Persistent link: https://www.econbiz.de/10011605283

Major public debt reductions: Lessons from the past, lessons for the future

Nickel, Christiane; Rother, Philipp; Zimmermann, Lilli - 2010

reducing government expenditure, in particular, cuts in social benefits and public wages. Second, robust real GDP growth also …

Persistent link: https://www.econbiz.de/10011605287

Debt and growth: new evidence for the euro area

Baum, Anja; Checherita-Westphal, Cristina; Rother, Philipp - 2012

Against the background of the euro area sovereign debt crisis, our paper investigates the relationship between public debt and economic growth and adds to the existing literature in the following ways. First, we extend the threshold panel methodology by Hansen (1999) to a dynamic setting in...

Persistent link: https://www.econbiz.de/10011605495