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A note on automation, stagnation, and the implications of a robot tax
Gasteiger, Emanuel; Prettner, Klaus - 2017
robot tax that has featured prominently in the policy debate on automation and show that it could raise the capital stock … and per capita output at the steady state. However, the robot tax cannot induce a takeoff toward positive long-run growth. …
Persistent link: https://www.econbiz.de/10011668997
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A Simulation Model of Federal, Provincial and Territorial Government Accounts for the Analysis of Fiscal-Consolidation Strategies in Canada
Guillemette, Yvan - Economics Department, Organisation de Coopération et … - 2010
This paper presents a simulation model of the main budget aggregates of federal, provincial and territorial governments … are found to have had pro-cyclical fiscal policies over this period.<P>Un modèle de simulation des comptes gouvernementaux … travail présente un modèle de simulation des principaux agrégats budgétaires des gouvernements fédéral, provinciaux et …
Persistent link: https://www.econbiz.de/10008548955
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Adjustment Under a Currency Peg; Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09
Purfield, Catriona; Rosenberg, Christoph B. - International Monetary Fund (IMF) - 2010
The paper traces the Baltics’ adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita income levels back to 2005/06 levels. In response to this shock, the Baltics...
Persistent link: https://www.econbiz.de/10008671289
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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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The fiscal multiplier: positive or negative?
Tervala, Juha - 2009
This study examines whether the fiscal multiplier can be negative for certain types of government spending. The key result is that the fiscal multiplier can be negative if there is a high degree of substitutability between private and government consumption and government consumption is...
Persistent link: https://www.econbiz.de/10012503008
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Fiscal devaluation in a monetary union : conference paper
Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - 2014
Value Added Tax. We find that a fiscal devaluation carried out in Southern European countries has a strong positive effect …
Persistent link: https://www.econbiz.de/10010487256
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Fiscal devaluation in a Monetary Union
Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - 2013
Value Added Tax. We find that a fiscal devaluation carried out in "Southern European countries" has a strong positive effect …
Persistent link: https://www.econbiz.de/10010221275
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Cross-Country Spillovers from Fiscal Consolidations
Goujard, Antoine - Economics Department, Organisation de Coopération et … - 2013
In many OECD countries, government debt reached levels over recent years that call for reduction over the medium to longer term to ensure public finance sustainability. This paper investigates the international transmission of fiscal consolidation shocks via trade flows. Using a measure of...
Persistent link: https://www.econbiz.de/10011269144
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Avoiding Debt Traps: Financial Backstops and Structural Reforms
Padoan, Pier Carlo; Sila, Urban; Noord, Paul van den - Economics Department, Organisation de Coopération et … - 2012
In this paper we develop a simple analytical framework to analyze “good” and “bad equilibria” in public-debt and growth dynamics. The “bad equilibrium” is characterised by the simultaneous occurrence, and adverse feedbacks between, high and growing fiscal deficits and debt, high risk...
Persistent link: https://www.econbiz.de/10011273966
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A Simple Fiscal Stress Testing Model: Case Studies of Austrian, Czech and German Economies
Kamenik, Ondra; Tuma, Zdenek; Vavra, David; Smidova, Zuzana - Economics Department, Organisation de Coopération et … - 2013
around the baseline are obtained. Trade-offs between costs and benefits are evaluated, in terms of cumulative output loss and … Republic and Germany. (www.oecd.org/eco/surveys)<P>Un modèle de simulation simple de crise budgétaire - études de cas des …
Persistent link: https://www.econbiz.de/10011276864