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Taxation systems in the EU : the role of economic integration and global financial crisis

Erol, Kazım Okan - 2020

countries via indirect taxation. In this study I use panel data analysis, in order to analyze the impact of global financial … taxation is an easy way of compensating revenue loss for indebted countries, this type of public finance damages stability of …

Persistent link: https://www.econbiz.de/10012312272

International crises and policy responses in the Southern cone

Borensztein, Eduardo; Castilleja, Liliana; Hernaiz, Daniel - 2012

This document analyzes the patterns of fiscal and monetary policy in five economies of the Latin American Southern Cone (Argentina, Brazil, Chile, Paraguay and Uruguay) during four episodes of international crises: 1994, 1997-1999, 2001 and 2008. In contrast with earlier episodes when most...

Persistent link: https://www.econbiz.de/10011303276

A framework for assessing policy space in ASEAN+3 economies and the combat against COVID-19 pandemic

Chaipat Poonpatpibul; Hong, Seung Hyun; Choi, Jinho; … - 2020

Persistent link: https://www.econbiz.de/10012819595

Seigniorage and sovereign default : the response of emerging markets to COVID-19

Espino, Emilio; Kozlowski, Julian; Martin, Fernando M.; … - 2020

Persistent link: https://www.econbiz.de/10012306883

Interpreting fiscal accounting rules in the European Union

Gandrud, Christopher; Hallerberg, Mark - 2016

In the European Union, the creation of public debt statistics starts with member state governments' reports. The EU's statistical agency-Eurostat-then revises. How do these actors' incentives shape reported numbers? Governments have incentives to take a more favourable view of often ambiguous...

Persistent link: https://www.econbiz.de/10011571456

Global growth on life support? : the contributions of fiscal and monetary policy since the global financial crisis

Baumann, Ursel; Lodge, David; Miescu, Mirela S. - 2019

with a hierarchical structure we capture the variability of GDP response to policy shocks both between and within the … more homogeneous effects on GDP. We then quantify the policy contribution on GDP growth in the last decade by means of a … structural counterfactual analysis based on conditional forecasts. We find that global GDP growth benefited from substantial …

Persistent link: https://www.econbiz.de/10011987115

Optimal fiscal policy and sovereign debt crises

Niemann, Stefan; Pichler, Paul - 2017

Persistent link: https://www.econbiz.de/10011763302

The failure of ECB monetary policy from a Mises-Hayek perspective

Schnabl, Gunther - 2017

The paper analyses the common European monetary policy based on a Mises-Hayek overinvestment framework, which is combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary policy contributed to unsustainable overinvestment booms...

Persistent link: https://www.econbiz.de/10011619626

Fiscal sustainability in the EU after the global crisis : is there any progress?

Wysocki, Maciej; Wójcik, Cezary - 2018

which led to a one-off redemption of T-bonds in amount of 8.5% of GDP. The analysis also reveals a cycle of structural …

Persistent link: https://www.econbiz.de/10011900847

Managing the sovereign-bank nexus

Dell'Ariccia, Giovanni; Ferreira, Caio; Jenkinson, Nigel; … - 2018

This paper identifies the various channels that give rise to a "sovereign-bank nexus" whereby the financial health of banks and sovereigns is intertwined. We find that banks and sovereigns are linked by three interacting channels: banks hold large amounts of sovereign debt; banks are protected...

Persistent link: https://www.econbiz.de/10011901498