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Factor mobility and fiscal policy in the EU: policy issues and analytical approaches
Wildasin, David E. - 1999
This paper outlines some of the implications of factor market integration for fiscal policy in the countries of the EU and for the EU itself. It draws particular attention to the dynamic dimensions of factor market integration, and identifies some of the many issues for further research on these...
Persistent link: https://www.econbiz.de/10013428259
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Migration and Fiscal Competition within a Union
Razin, Assaf - 2013
We develop a stylized EU-type model of a union consisting of rich, capital-abundant and high productivity countries, and poor, capital-scarce and low productivity countries. We address two main issues: the efficiency of tax competition and the effect of factor mobility on the size of the welfare...
Persistent link: https://www.econbiz.de/10013077970
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Labor and the Emerging World Economy
Bloom, David E.; Brender, Adi - 2021
This paper explores the emergence of a world economy since 1950 and its implications for the world's labor force. There …, the world economy is still in its adolescence. Rapid integration has occurred among the industrial economies, but … the industrial economies, but not in world income inequality as the income gap between the industrial and developing …
Persistent link: https://www.econbiz.de/10013244874
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Global Aging and Fiscal Policy with International Labor Mobility : A Political Economy Perspective
Tosun, Mehmet S. - 2005
This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...
Persistent link: https://www.econbiz.de/10014400088
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Entlasten! Aber wie? Wege im Dschungel der Möglichkeiten
Riedel, Nadine; Peichl, Andreas - In: Wirtschaftsdienst 102 (2022) 10, pp. 745-748
Living costs in Germany have surged since Russia's attack on Ukraine. In this article, we discuss pros and cons of different government policies to protect affected citizens. There is a vast domain of possible relief options, each coming with its own trade-offs and design pitfalls. Information...
Persistent link: https://www.econbiz.de/10013468383
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Monitoring the climate impact of fiscal policy : lessons from tracking the COVID-19 response
Eltokhy, Khaled; Funke, Katja; Huang, Guohua; Kim, Yujin; … - 2021
In the wake of the COVID-19 crisis, governments around the world announced unprecedented fiscal packages to address the … international organizations attempted to assess the "greenness" of the fiscal policy response of the world's largest economies. This …
Persistent link: https://www.econbiz.de/10012796277
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The International Transmission and Effects of Fiscal Policies
Frenkel, Jacob A.; Razin, Assaf - 2021
In recent years the world economy has been subject to large and unsyncronized changes in fiscal policies, high and … builds on a two-country model of the world economy which is applied to the analysis of the transmission and effects of …
Persistent link: https://www.econbiz.de/10013225419
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International capital flows at the security level : evidence from the ECB's Asset Purchase Programme
Bergant, Katharina; Fidora, Michael; Schmitz, Martin - 2020
We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Programme at the security level. Our empirical analysis shows that euro area investors (in particular investment funds and households) actively rebalanced away from securities targeted under the Public Sector...
Persistent link: https://www.econbiz.de/10012251289
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The Structural Budget Balance : The Imf's Methodology
Hagemann, Robert P. - 1999
which are published regularly in the IMF’s World Economic Outlook. The structural budget balance is the government’s actual …
Persistent link: https://www.econbiz.de/10014401048
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Transmission of global financial shocks to EMU member states : the role of monetary policy and national factors
Gelman, Maria; Jochem, Axel; Reitz, Stefan - 2016
The paper analyses the transmission of global financial shocks to individual member states of the European Monetary Union (EMU), in which monetary policy is delegated to the ECB and financial markets are fully integrated. Using a panel VAR model, we show that the asymmetric effects of global...
Persistent link: https://www.econbiz.de/10011495568