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Taxes, social subsidies, and the allocation of work time
Ngai, L. Rachel; Pissarides, Christopher A. - London School of Economics (LSE) - 2011
are treated differently by welfare policy. We attribute the disparities to the countries' tax and subsidy policies. High …
Persistent link: https://www.econbiz.de/10011126278
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The mortgage interest deduction and its impact on homeownership decisions
Hilber, Christian A. L.; Turner, Tracy M. - London School of Economics (LSE) - 2010
This paper examines the impact of the combined U.S. state and federal mortgage interest deduction (MID) on homeownership attainment, using data from 1984 to 2007 and exploiting variation in the subsidy across states, over time and due to inter-state moves. We test whether capitalization of the...
Persistent link: https://www.econbiz.de/10010884709
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The mortgage interest deduction and its impact on homeownership decisions
Hilber, Christian A. L.; Turner, Tracy M. - London School of Economics (LSE) - 2014
This paper examines the impact of the combined U.S. state and federal mortgage interest deduction (MID) on homeownership attainment, using data from 1984 to 2007 and exploiting variation in the subsidy arising from changes in the MID within and across states over time. We test whether...
Persistent link: https://www.econbiz.de/10011126437
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Tax Policy and Reform for Foreign Direct Investment in Developing Countries
International Monetary Fund (IMF); International … - 1990
This paper identifies tax factors in 21 developing countries that have an impact on foreign direct investment flows. It … categorizes those factors into issues associated with tax coordination; tax rates and rate structures; and composition of the tax … base. Recent actions by countries reveal no clear pattern in their attempts to increase tax coordination, while many have …
Persistent link: https://www.econbiz.de/10005263965
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Mobilizing Revenue in Sub-Saharan Africa; Empirical Norms and Key Determinants
International Monetary Fund (IMF); International … - 2012
natural resources, are important determinants of tax revenue. …
Persistent link: https://www.econbiz.de/10011242287
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New-keynesian or RBC transmission? The effects of fiscal shocks in labour markets
Pappa, Evi - London School of Economics (LSE) - 2005
We study the mechanics of transmission of fiscal shocks to labour markets. We characterize a set of robust implications following government consumption, investment and employment shocks in a RBC and a New- Keynesian model and use part of them to identify shocks in the data. In line with the...
Persistent link: https://www.econbiz.de/10010928790
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Environmental policy and the economic downturn
Bowen, Alex; Stern, Nicholas - London School of Economics (LSE) - 2010
This paper considers how environmental policies should respond to macroeconomic downturns. It first explores the implications of the global economic downturn of 2008-09 for environmental policies, focusing in particular on the example of action against climate change. The arguments for and...
Persistent link: https://www.econbiz.de/10010744909
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New evidence on the remedies of the Greek sovereign debt problem
Apergis, Nicholas; Cooray, Arusha - London School of Economics (LSE) - 2013
The goal of the present paper is to investigate not only the dynamics of the Greek public debt, but also what are the appropriate measures required for achieving fiscal consolidation. The empirical estimation is carried out using a macroeconomic dataset spanning the period 1980-2008 and both the...
Persistent link: https://www.econbiz.de/10010745161
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Fiscal discipline and the cost of public debt service: some estimates for OECD countries
Ardagna, Silvia; Caselli, Francesco; Lane, Timothy - London School of Economics (LSE) - 2005
We use a panel of 16 OECD countries over several decades to investigate the effects of government debts and deficits on long-term interest rates. In simple static specifications, a one-percentage-point increase in the primary deficit relative to GDP increases contemporaneous long-term interest...
Persistent link: https://www.econbiz.de/10010745225
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A theory of countercyclical government multiplier
Michaillat, Pascal - London School of Economics (LSE) - 2012
I develop a New Keynesian model in which a type of government multiplier doubles when unemployment rises from 5 percent to 8 percent. This multiplier indicates the additional number of workers employed when one worker is hired in the public sector. Graphically, in equilibrium, an upward-sloping...
Persistent link: https://www.econbiz.de/10010745284