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Recent contributions have questioned whether biofuels policies actually lead to emissions reductions, and thus lower climate costs. In this paper we make two contributions to the literature. First, we study the market effects of a renewable fuel standard. Opposed to most previous studies we...
Persistent link: https://www.econbiz.de/10009687216
What are the macroeconomic consequences of changing aggregate lending standards in residential mortgage markets, as measured by loan-to-value (LTV) ratios? In a structural VAR, GDP and business investment increase following an expansionary LTV shock. Residential investment, by contrast, falls, a...
Persistent link: https://www.econbiz.de/10011646925
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, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend … Finland and the UK, and for several EU New Member States. Moreover, in the run-up to EMU there was some shifting away from a … spend-and-tax strategy, implying adjustments of fiscal behaviour. -- panel causality ; fiscal policy ; EU …
Persistent link: https://www.econbiz.de/10003861754
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation …
Persistent link: https://www.econbiz.de/10003861869
In explaining the uneven spatial distribution of economic activity, urban economics and new economic geography (NEG) dominate recent research in economics. A main difference between these two approaches is that NEG stresses the role of spatial linkages whereas urban economics does not do so. We...
Persistent link: https://www.econbiz.de/10003850511
in the literature. Especially issues of bilateral VAT revenue clearing between EU countries, which arise from the … Commission's proposal, are highlighted. -- value added tax ; intra-EU trade ; bilateral micro clearing ; VAT fraud ; European …
Persistent link: https://www.econbiz.de/10003883042
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