pensionreforms led to an increase in the household savings rate in Germany until about2010. As domestic investment opportunities … 2000s. Our results suggest that an array of struc-tural tax and labor market reforms (Agenda 2010), population aging and … could not absorb these additional sav-ings, they were partly invested abroad. The German current account-to-GDP ratiorose …

, consumption, investment and (un)employment, the reforms were a clear success albeit the impact on the German current account was …. Further simulations highlight the importance of increased savings preferences in Germany to explain the latter. …

We analyse tax revenue elasticities by applying dynamic models to a new disaggregated dataset for Germany, which is … adjusted for the effects of tax reforms. We estimate long-run elasticities that are substantially lower than in comparable … to tax base changes than other studies and a dynamic reaction pattern spanning several years, which can be explained, for …

An unduly neglected implication of the choice of the tax unit is its impact on the consumption risk carried by …

A large literature has documented top income share series based on income tax statistics using the common methodology … established by Piketty (2001, 2003). The disappearance of capital income from the income tax base in many countries poses a major … exclusion of capital gains, we employ a rich data set containing the tax files of all income taxpayers. Third, we construct a …

.2.Consumption tax cuts and transfers to households primarily stabilize private con-sumption, and subsidies prevent firm defaults …. The most cost-efficient measure isan increase in productivity-enhancing public investment. However, it materializesonly in …