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Will Germany's temporary VAT tax rates cut as part of the Covid-19 fiscal stimulus package boost consumption and growth?

Funke, Michael; Terasa, Raphael - 2020

On 3 June 2020, the German government announced a EUR 130 billion fiscal stimulus package to stimulate market demand and jumpstart the economy in the wake of the COVID-19 pandemic lockdown in the spring of 2020. The most prominent measure of this package is an unconventional fiscal policy in the...

Persistent link: https://www.econbiz.de/10012388013

Costly, but (relatively) ineffective? : an assessment of Germany's temporary VAT rate reduction during the Covid-19 pandemic

Baudisch, Victoria; Neuenkirch, Matthias - 2023

We evaluate Germany's temporary value-added tax (VAT) rate reduction as a tool to stimulate consumer spending during … the Covid-19 pandemic using a comparative case study approach. We construct a credible counterfactual for Germany in a two … similar to Germany regarding important post-treatment characteristics. Second, we apply a reweighting scheme on the pre …

Persistent link: https://www.econbiz.de/10014275958

Cross-border effects of fiscal consolidations : estimates based on narrative records

Hebous, Shafik; Zimmermann, Tom - 2013

We estimate cross-border spillover effects of fiscal consolidation episodes on output, bilateral trade flows, interest rate, and the exchange rate, employing the new IMF action-based fiscal consolidation data. Results indicate a negative effect of foreign fiscal consolidation policies on...

Persistent link: https://www.econbiz.de/10009764989

Successful fiscal adjustments : does choice of fiscal instrument matter?

Holden, Steinar; Midthjell, Nina Larsson - 2013

We examine fiscal adjustment episodes in 24 OECD countries in order to find how austerity affects debt and growth, and whether the choice of fiscal instrument matters for the results. Influential existing studies argue that spending cuts are more likely to successfully reduce debt and enhance...

Persistent link: https://www.econbiz.de/10010199699

Consolidating the Covid debt

Keuschnigg, Christian; Johs, Julian; Stevens, Jacob - 2021

One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht deficit restrictions were temporarily suspended to allow for large temporary deficits. As recovery sets in, countries are confronted with the task of consolidating the Covid...

Persistent link: https://www.econbiz.de/10012796971

Fiscal and economic effects of local austerity

Fremerey, Melinda; Lichter, Andreas; Löffler, Max - 2022

Germany. For identification, we exploit the quasi-random assignment of treatment among equally-distressed municipalities using …

Persistent link: https://www.econbiz.de/10013255970

WTO membership and the shift to consumption taxes

Büttner, Thiess; Madzharova, Boryana - 2016

Using a panel of 97 mostly developing and transitional countries for the period 1990-2011, this paper explores fiscal implications of membership in the World Trade Organization (WTO). Em-ploying robust difference-in-difference specifications as well as semi-parametric methods, we find that...

Persistent link: https://www.econbiz.de/10011522137

The impact of Covid-19 on economic activity : evidence from administrative tax registers

Angelov, Nikolay; Waldenström, Daniel - 2021

We use population-wide tax register data to document the impact of the COVID-19 pandemic on firm sales, tax revenues, and sick pay in Sweden. The pandemic impact is identified using within-year, between-year, and geographical variation, and our data allows us to run placebo tests. Our findings...

Persistent link: https://www.econbiz.de/10012597281

Keynesian, non-Keynesian or no effects of fiscal policy changes? : the EMU case

Aarle, Bas van - 2001

This paper studies the experiences with fiscal adjustments in the EuropeanUnion (EU) countries during the transition period to the Economic andMonetary Union (EMU). Using several approaches suggested in the literatureon fiscal adjustments and their macroeconomic effects and in the literatureon...

Persistent link: https://www.econbiz.de/10011400376

Macroeconomic effects of fiscal adjustment : a tale of two approaches

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2013

We investigate the short-term effects of fiscal adjustment on economic activity in 20 OECD countries from 1970 to 2009. We compare two approaches: the traditional approach based on changes in cyclically adjusted primary balance (CAPB) and the narrative approach based on historical records....

Persistent link: https://www.econbiz.de/10010126403

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