Showing 1 - 10 of 16
Union. In the first three chapters we address the micro level of individual life courses: education, employment and income … mounting scientific evidence that various forms of educational, employment and financial inequalities increase over time …
Persistent link: https://www.econbiz.de/10010430026
Persistent link: https://www.econbiz.de/10012518039
We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment and a complex international structure. We use the model...
Persistent link: https://www.econbiz.de/10010516561
Using an estimated large-scale New-Keynesian model, we assess welfare and business cycle consequences of a fiscal union within EMU. We differentiate between three different scenarios: public revenue equalisation, tax harmonisation and a centralised fiscal authority. Relative to the status quo,...
Persistent link: https://www.econbiz.de/10011546743
Budget-neutral tax wedge reductions rank high in the policy agenda of several EMU member states. Using a New Keynesian DSGE model of a monetary union with a complex labour market structure and a comprehensive public sector, we evaluate the macroeconomic and welfare effects of reducing the firms'...
Persistent link: https://www.econbiz.de/10011518187
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In a dynamic, three-region environmental multi-sector general equilibrium model (called EMuSe), we find that carbon pricing generates a recession initially as production costs rise. Benefits from lower emissions damage materialize only in the medium to long run. A border adjustment mechanism...
Persistent link: https://www.econbiz.de/10013259654
To assess the influence of nonstandard employment for the labor market participation of different demographic groups …, we provide detailed descriptions of the development of atypical employment in comparison to standard employment …, unemployment, and economic inactivity between 1996 and 2011. In our analyses, we distinguish between fixedterm employment, solo …
Persistent link: https://www.econbiz.de/10010208432
What are the macroeconomic implications of re-allocating taxing rights away from source countries (where goods are produced) to market countries (where goods are consumed) and introducing minimum rates in international profit taxation? We assess this question in a dynamic macroeconomic model...
Persistent link: https://www.econbiz.de/10012433663
We use a New Keynesian DSGE model with search frictions on the housing market to evaluate how financing a labor tax reduction by higher property taxation affects the real economy and welfare. Search on the housing market enables us to explicitly model stocks and flows, which is necessary to...
Persistent link: https://www.econbiz.de/10011897973