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German and the rest of euro area fiscal policy during the crisis

Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2015

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

Unilateral climate policy and competitiveness : economic implications of differential emission pricing

Böhringer, Christoph; Alexeeva-Talebi, Victoria - In: The world economy : the leading journal on … 36 (2013) 2, pp. 121-154

Persistent link: https://www.econbiz.de/10009750036

Energy market projections and differentiated carbon abatement in the European Union

Böhringer, Christoph - 1999

base case we find that the EU implementation of the Kyoto Protocol implies low overall costs and a relatively even cost … marginally but changes the cost distribution significantly, holding total EU emissions constant. …

Persistent link: https://www.econbiz.de/10013428208

Efficiency, compensation, and discrimination : what is at stake when implementing?

Böhringer, Christoph - 2003

Persistent link: https://www.econbiz.de/10013428599

Industry-level emission trading between power producers in the EU

Böhringer, Christoph - 2000

magnitude and distribution of abatement costs across EU countries vis-à-vis a comprehensive EU emission trading regime. We find … permit trade enhances the secondary terms-of-trade benefits to EU member countries with low marginal abatement costs at the … expense of the other EU member states. …

Persistent link: https://www.econbiz.de/10013428360

Budget-neutral labour tax wedge reductions : a simulation-based analysis for selected euro area countries

Attinasi, Maria-Grazia; Prammer, Doris; Stähler, Nikolai; … - 2016

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

Thoughts on a fiscal union in EMU

Gadatsch, Niklas; Hollmayr, Josef; Stähler, Nikolai - 2016

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

Labor tax reductions in Europe : the role of property taxation

Bielecki, Marcin; Stähler, Nikolai - 2018

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