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In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new database of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...
Persistent link: https://www.econbiz.de/10008688516
This paper evaluates proposals for an annual wealth tax. While a dozen OECD countries levied wealth taxes in the recent past, now only three retain them, with only Switzerland raising a comparable fraction of revenue as recent proposals for a US wealth tax. Studies of these taxes sometimes, but...
Persistent link: https://www.econbiz.de/10012318581
Persistent link: https://www.econbiz.de/10003364637
Persistent link: https://www.econbiz.de/10001660053
within the EU and how this changed between 1980 and 2008. We present several novel empirical regularities that paint a … heterogeneity within member states themselves, or in well functioning federations such as the US, cultural diversity across EU …
Persistent link: https://www.econbiz.de/10011653722
EU economies between 2000 and 2016. The relevance of this topic stems both from the far-reaching implications of real …
Persistent link: https://www.econbiz.de/10013315414
. Evaluation studies of such programmes commonly rely on the conditional independence assumption (CIA), allowing a causal … success, these variables were neglected in evaluation studies so far due to data limitations. In this paper, we evaluate a new … administrative-survey data allows us to incorporate usually unobserved personality measures in the evaluation and investigate their …
Persistent link: https://www.econbiz.de/10011420781
The German government provides discretionary investment grants to structurally weak regions to reduce regional disparities. We use a regression discontinuity design that exploits an exogenous discrete jump in the probability of receiving investment grants, to identify the causal effects of the...
Persistent link: https://www.econbiz.de/10011475960
This paper estimates a linearised DSGE model for the euro area. The model is New Keynesian and allows for a role for oil usage and endogenous price markups. We find that the price markup reacts positively to the ratio of expected discounted profits to current output, which is normally seen to...
Persistent link: https://www.econbiz.de/10003636306
This paper provides evidence on the role of net fiscal transfers to households and EU structural funds for per … growth rates in poor receiving regions decline by less than in rich paying regions. EU structural and cohesion funds spent …
Persistent link: https://www.econbiz.de/10003832335