Tax expenditures are generally defined as those government expenditures carried out through tax legislation …, regulations, and practices that reduce or defer taxes for some taxpayers. There is a general concern that the tax expenditures … systems. Many countries in Latin American and a few in the Caribbean already estimate their tax expenditures; but in many …

Euro Area affected GDP growth during the global financial crisis. Our analysis suggests that spillovers of fiscal policy …-on-quarter GDP growth substantially, both in Germany and in the rest of the Euro Area. The main drivers of GDP growth in Europe …

imbalances in the Euro Area. Our simulations within a two-country monetary union DSGE model show that, in terms of German GDP …