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Open Economy Public Finance
Wildasin, David E. - 2021
Many important questions in the field of public finance can be viewed as problems involving public policies in open economies. This paper draws together, from that perspective, a wide range of topics in public economics, emphasizing the implications of resource mobility for our understanding of...
Persistent link: https://www.econbiz.de/10013237225
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The Fiscal Theory of the Price Level with a Bubble
Brunnermeier, Markus K. - 2020
This paper incorporates a bubble term in the standard FTPL equation to explain why countries with persistently negative primary surpluses can have a positively valued currency and low inflation. It also provides an example with closed-form solutions in which idiosyncratic risk on capital returns...
Persistent link: https://www.econbiz.de/10012834354
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Tax Responses in Local Public Finance : The Flypaper Effect at Work
Köthenbürger, Marko; Loumeau, Gabriel - 2023
The transfer elasticity of income tax rates is an important parameter in public finance. Given the significant fiscal autonomy of Swiss municipalities, Switzerland is an ideal setting for examining behavioral responses to tax policy. Using a regression kink design, we find robust causal evidence...
Persistent link: https://www.econbiz.de/10014358325
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Public Finance in the Era of the COVID-19 Crisis
Agrawal, David R.; Butikofer, Aline - 2022
The COVID-19 crisis poses new policy challenges and has spurred new research agendas in public economics. In this article, we selectively reflect on how the field of public economics has been shaped by the COVID-19 pandemic and discuss several areas where more research is necessary. We highlight...
Persistent link: https://www.econbiz.de/10014243165
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Survey-Based Structural Budget Balances
Göttert, Marcell; Wollmershaeuser, Timo - 2021
The budget dispute between Italy and the European Commission in 2018 gave new impetus for the debate about the reliability of output gap estimation methods and their use for calculating structural budget balances. In this paper we review the main properties of the mainstream approaches and...
Persistent link: https://www.econbiz.de/10013243245
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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/10013296248
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The impact of fiscal rules on public finances: Theory and empirical evidence for the Euro area
Marneffe, Wim; van Aarle, Bas; van der Wielen, Wouter; … - 2010
This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the...
Persistent link: https://www.econbiz.de/10010274725
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Healthy Climate, Healthy Bodies : Optimal Fuel Taxation and Physical Activity
den Bijgaart, Inge van; Klenert, David; Mattauch, Linus; … - 2021
Transport has significant externalities including carbon emissions and air pollution. Public health research has identified additional social gains from active travel, due to health benefits of physical exercise. Per mile, these benefits greatly exceed the external costs from car use. We...
Persistent link: https://www.econbiz.de/10013314801
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Title IX and the Evolution of High School Sports
Stevenson, Betsey - 2021
opportunities to include girls, revolutionizing mass sports participation in the United States. This paper analyzes high school … athletic participation in the United States and how sports offerings for boys and girls changed subsequent to the passage of … this legislation. Girls' sports participation rose dramatically both following the enactment of Title IX and subsequent to …
Persistent link: https://www.econbiz.de/10013316661
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A Snapshot of Public Finance Research from Immediately Prior to the Pandemic: IIPF 2020
Agrawal, David R.; Davies, Ronald B.; LaLumia, Sara; … - 2021
As the COVID-19 pandemic has shaped public policies and government finances, it has also influenced the topics that public finance economists are researching. Because the 2020 International Institute of Public Finance (IIPF) Congress featured papers that were submitted prior to the start of the...
Persistent link: https://www.econbiz.de/10012657946