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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
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Target Balances and the German Financial Account in Light of the European Balance-of-Payments Crisis
Sinn, Hans-Werner - 2013
look at the components of this reversal of capital flows for the case of Germany. Its main finding is that most of the … Germany is small by comparison, with purchases of German government bonds increasing substantially, in particular by Spanish … and Irish investors. Some foreign capital even left Germany. In net terms, over the years 2008, 2009 and 2011 foreigners …
Persistent link: https://www.econbiz.de/10013088462
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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
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Buffering Volatility : A Study on the Limits of Germany's Energy Revolution
Sinn, Hans-Werner - 2016
requires a storage capacity of over 6,000 pumped-storage plants, which is 183 times Germany's current capacity. Taking the … Europe. This will make it difficult for Germany to pursue its energy revolution towards green autarchy, as intended …
Persistent link: https://www.econbiz.de/10012986654
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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
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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
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The Pathological Export Boom and the Bazaar Effect - How to Solve the German Puzzle
Sinn, Hans-Werner - 2021
Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve …
Persistent link: https://www.econbiz.de/10013317598
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The Crisis of Germany's Pension Insurance system and How it Can be Resolved
Sinn, Hans-Werner - CESifo - 1999
The paper discusses the options for a reform of the German pension system using a model developed at CES for the German Council of economic advisors to the Federal Ministry of Economics and Research. It is argued that the German pay-as-you-go-system is efficient in a present value sense but will...
Persistent link: https://www.econbiz.de/10005181352
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The Pathological Export Boom and the Bazaar Effect - How to Solve the German Puzzle
Sinn, Hans-Werner - CESifo - 2006
Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve …
Persistent link: https://www.econbiz.de/10005405720