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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

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

Fiscal multipliers during consolidation: evidence from the European Union

Cugnasca, Alessandro; Rother, Philipp - 2015

adjustments made via cuts to transfers and subsidies, or via tax increases, are usually associated with multipliers at or below …

Persistent link: https://www.econbiz.de/10011605908

Budgetary Constrained Governments: Drivers of Time Varying Fiscal Sustainability in OECD Countries

Afonso, António; Coelho, José Carlos - 2024

We assess the drivers of fiscal sustainability in 20 OECD economies between 1950 and 2019. We find stable long-term relationships between government revenues and expenditures as well as between the primary budget balance and past public debt ratio for the full panel. Performing an expanding...

Persistent link: https://www.econbiz.de/10014574304

Structural Reforms and Income Inequality: Who Benefits from Market-Oriented Reforms?

Gründler, Klaus; Potrafke, Niklas; Wochner, Timo - 2020

We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest that market-oriented structural reforms were...

Persistent link: https://www.econbiz.de/10012179841

To Consolidate or Not to Consolidate? A Multi-Step Analysis to Assess Needed Fiscal Sustainability

Afonso, António; Alves, José; Jalles, João Tovar - 2022

We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a primary balance above or below the...

Persistent link: https://www.econbiz.de/10013177652

Fiscal Sustainability, Fiscal Reactions, Pitfalls and Determinants

Afonso, António; Coelho, José Carlos - 2022

We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and one-period lagged public debt-to-GDP ratio; and...

Persistent link: https://www.econbiz.de/10013266600

Does Government Spending Efficiency Improve Fiscal Sustainability?

Afonso, António; Alves, José - 2022

We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries during the period of 2007-2020. To answer our research question we first compute the magnitude of the responses of government revenues to changes in government spending. Next, we...

Persistent link: https://www.econbiz.de/10013266703

Are Fiscal Consolidation Episodes Helpful for Public Sector Efficiency?

Afonso, António; Alves, José - 2022

We assess the consequences of fiscal consolidation episodes on public sector efficiency (scores) for 35 OECD countries for the 2007-2020 period. We find that fiscal consolidations improve public sector efficiency and results are robust across efficiency models. Moreover, peripheral euro-area...

Persistent link: https://www.econbiz.de/10013353373