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income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …
Persistent link: https://www.econbiz.de/10013149370
This paper develops a model of tax competition with three countries, which initially form a union where countries refrain from using different tax rates in different sectors of the economy. We study the impact of one country leaving the union. We show that the introduction of discriminatory...
Persistent link: https://www.econbiz.de/10012927512
This paper develops a model of tax competition with three countries, which initially form a union where countries refrain from using different tax rates in different sectors of the economy. We study the impact of one country leaving the union. We show that the introduction of discriminatory...
Persistent link: https://www.econbiz.de/10011794033
, but we also document a strong degree of heterogeneity across EU insiders. Effects on EU outsiders are often insignificant … are substantial for many countries as well. Percentage losses are more pronounced for more central EU members, while …
Persistent link: https://www.econbiz.de/10011794042
The currently negotiated Transatlantic Trade and Investment Partnership between the EU and the United States of America … offset each other in Norway. A comprehensive agreement between the EU and the US would lead to an increase in Norwegian GDP …
Persistent link: https://www.econbiz.de/10011557897
The sheer size of the EU and US economies combined suggests substantial economic benefits from eliminating tariffs … demonstrate gains on the level of GDP per capita from 0.5 to 4.0% for the EU and a similar span for the US. Almost all of the … variety, and higher productivity. Virtually all EU member states benefit, while TTIP outsiders may lose. Estimates of job …
Persistent link: https://www.econbiz.de/10011458577
The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States of America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have strong economic effects on Germany. In this paper, we...
Persistent link: https://www.econbiz.de/10013030304
economic self-interest. On the basis of the Eurobarometer, a comprehensive semiannual survey that monitors public opinion in EU …
Persistent link: https://www.econbiz.de/10012213877
This paper analyses the European budget and the position of the ten new member states. We argue that the EU budget … that the current EU budget setting is, at best, neutral with respect to the EU-wide long-term growth potential and may … actually hamper growth in the majority of the EU countries if the distortionary nature of taxation is taken into account …
Persistent link: https://www.econbiz.de/10012776902
This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10012996428