Showing 1 - 10 of 17
The paper analyses the linkages from financial developments to public finances. It maps and discusses the transmission channels to fiscal variables. These channels include asset prices, financing conditions, balance sheets of banks, non-banks and central banks and international linkages. The...
Persistent link: https://www.econbiz.de/10012864940
Many important questions in the field of public finance can be viewed as problems involving public policies in open …
Persistent link: https://www.econbiz.de/10013237225
We assess public finances solvency for Euro Area countries using quarterly data between 1999Q1 and 2020Q4. Through a country-by-country analysis, the answer to the title question is true. For most countries, (i) the primary budget balance reacts positively to the lagged public debt ratio and...
Persistent link: https://www.econbiz.de/10014076999
The transfer elasticity of income tax rates is an important parameter in public finance. Given the significant fiscal …
Persistent link: https://www.econbiz.de/10014358325
education, in addition to discussing how technological change creates new challenges for the taxation of income and consumption … crises. Finally, we summarize the key issues discussed at the 2021 International Institute of Public Finance Congress and the …
Persistent link: https://www.econbiz.de/10014243165
This paper studies a two-region model in which unemployment, education decisions and interregional migration are … change reduces wages of the unskilled. Both education and migration decisions are distorted by a uniform unemployment …
Persistent link: https://www.econbiz.de/10010264226
This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents' productivity. It is shown to be second best to subsidize education even relative to the first best if the …
Persistent link: https://www.econbiz.de/10010270495
work a child does, are private information, the second-best policy uses a combination of need and merit based education …
Persistent link: https://www.econbiz.de/10010270527
This paper examines the effect of taxes on the individuals? choices of educational direction, and thus on the economy's skill composition. A proportional labour income tax induces too many workers with high innate ability to choose an educational type with high consumption value and low effort...
Persistent link: https://www.econbiz.de/10010270561
It has been argued that increased life expectancy raises the rate of return on education, causing a rise in the … investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak … dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …
Persistent link: https://www.econbiz.de/10010276619