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Tests of policy ineffectiveness in macroeconometrics
Pesaran, M. Hashem; Smith, Ron - 2014
This paper proposes tests of policy ineffectiveness in the context of macroeconometric rational expectations models. It is assumed that there is a policy intervention that takes the form of changes in the parameters of a policy rule, and that there are sufficient observations before and after...
Persistent link: https://www.econbiz.de/10010375404
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Macroeconomics with a thick pen
Gronwald, Marc; Jin, Xin - 2023
This paper introduces two co-movement measures based on the Thick Pen Transform into the macroeconomic literature: the Thick Pen Measure of Association (TPMA) as well as Multi-Thickness Thick Pen Measure of Association (MTTPMA). Both measures are non-parametric, time-varying, and flexible....
Persistent link: https://www.econbiz.de/10014281390
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Which Communities should be afraid of mobility? : the effects of agglomeration economies on the sensitivity of firm location to local taxes
Jofre-Monseny, Jordi (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003712510
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Fiscal policy and the banking system in Italy : have taxes, public spending and banks been procyclical in the long-run?
Piluso, Giandomenico (contributor);  … - 2008
This paper analyses the relations between the banking system fluctuations, on one hand, and taxation and public …
Persistent link: https://www.econbiz.de/10003779453
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The welfare loss from differential taxation of sectors in Germany
Radulescu, Doina (contributor);  … - 2008
taxation ; non-uniform taxation ; computable general equilibrium modelling …
Persistent link: https://www.econbiz.de/10003771793
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Welfare implications of public education spending rules
Angelopoulos, Konstantinos; Malley, James R.; … - 2008
In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To this end, we employ a dynamic stochastic general equilibrium model in which human capital externalities and public education expenditures, financed by distorting taxes, enhance the...
Persistent link: https://www.econbiz.de/10003806000
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Educational and wage risk : social insurance vs. quality of education
Schindler, Dirk; Weigert, Benjamin - 2008
present risks is a dichotomic task: Wage risk is diversified ex post among the skilled by graduate taxation and skill … taxation ; regressive tuition fees …
Persistent link: https://www.econbiz.de/10003806025
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Neutral taxation of shareholder income? : corporate responses to an announced dividend tax
Alstadsæter, Annette; Fjaerli, Erik - 2009
The introduction of the 2006 Norwegian shareholder income tax was announced in advance, and it increased top marginal tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a large panel of non-listed corporations, with a surge of...
Persistent link: https://www.econbiz.de/10003806745
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Indirect taxation in vertical oligopoly
Peitz, Martin; Reisinger, Markus - 2009
This paper analyzes the effects of specific and ad valorem taxation in an industry with downstream and upstream … increase is more likely to be welfare reducing. We also demonstrate that downstream and upstream taxation are equivalent in the … downstream. -- Specific tax ; ad valorem tax ; value-added tax ; tax incidence ; tax efficiency ; indirect taxation ; imperfect …
Persistent link: https://www.econbiz.de/10003818019
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Should utility-reducing media advertising be taxed?
Kind, Hans Jarle; Köthenbürger, Marko; Schjelderup, … - 2009
Empirical evidence suggests that people dislike ads in media products like TV programs. In such situations standard economic theory prescribes that the advertising volume can be optimally reduced by levying a tax on ads. However, making use of recent advances in the theory of Industrial...
Persistent link: https://www.econbiz.de/10003820002