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How Can a Country 'Graduate' from Procyclical Fiscal Policy? Evidence from China

Fuest, Clemens; Xing, Jing - 2021

In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...

Persistent link: https://www.econbiz.de/10013315528

The Role of the Corporate Income Tax as an Automatic Stabilizer

Buettner, Thiess - 2009

This paper analyses the effectiveness of the corporate income tax as an automatic stabilizer. It employs a unique firm-level dataset of German manufacturers combining financial statements with firm-specific information about credit market restrictions. The results show that approximately 20 per...

Persistent link: https://www.econbiz.de/10013156033

Do Higher Corporate Taxes Reduce Wages? Micro Evidence from Germany

Fuest, Clemens; Peichl, Andreas; Siegloch, Sebastian - 2021

This paper estimates the incidence of corporate taxes on wages using a 20-year panel of German municipalities exploiting 6,800 tax changes for identification. Using event study designs and differences-in-differences models, we find that workers bear about half of the total tax burden....

Persistent link: https://www.econbiz.de/10013315773

Corporate Tax Reform and Foreign Direct Investment in Germany - Evidence from Firm-Level Data

Becker, Johannes; Fuest, Clemens; Hemmelgarn, Thomas - 2021

foreign-held affiliates in Germany. We do so by exploiting the very rich MiDi data base from the Deutsche Bundesbank. Although …

Persistent link: https://www.econbiz.de/10013317578

Umlagesystem versus Kapitaldeckung in der Alterssicherung

Siebert, Horst - 1997

Das Umlage- und das Kapitaldeckungsverfahren werden verglichen. Das Kapitaldeckungsverfahren hat eine größere Rendite für den einzelnen und bringt gesamtwirtschaftliche Effizienzgewinne mit sich: Es wird mehr Kapital gebildet, und Verzerrungen am Arbeitsmarkt werden beseitigt. Bei einem...

Persistent link: https://www.econbiz.de/10010332862

The economic integration of post-wall Germany

Collier, Irwin L.; Siebert, Horst - 1991

Persistent link: https://www.econbiz.de/10010261678

Prinzipien des deutschen Wirtschaftssystems

Siebert, Horst - 1990

Persistent link: https://www.econbiz.de/10010261707

Pay-as-you-go versus capital funded pension systems: the issues

Siebert, Horst - 1997

The paper compares the pay-as-you-go system and a capital funded system of old age insurance. The capital funded system has a higher rate of return. Pension income can be obtained at lower costs for the individual. This implies efficiency gains in terms of higher savings and reduced distortion...

Persistent link: https://www.econbiz.de/10010265339

Der deutsche Arbeitsmarkt: ein paar Schaubilder und Tabellen

Siebert, Horst - 1998

werden einige Schaubilder und Tabellen dargestellt, die wichtige Aspekte der Entwicklung der Arbeitslosigkeit in Deutschland …

Persistent link: https://www.econbiz.de/10010265356

Germany's capital market and corporate governance

Siebert, Horst - 2004

Germany's capital market relies on bank-intermediated products and not so much on capital market processes. Two of the … pillars in Germany's three-pillar banking system, the savings banks and the cooperative banks, have special statutes and are … through their holdings and their votes in the supervisory board in Germany's two-tier system of corporate governance. In this …

Persistent link: https://www.econbiz.de/10010265410