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The fiscal state in Africa : evidence from a century of growth

Albers, Thilo N. H.; Jerven, Morten; Süße, Marvin - 2022

What is the level of state capacity in developing countries today, and what have been its drivers over the past century? We construct a comprehensive new dataset of tax and revenue collection for 46 African polities from 1900 to 2015. Descriptive analysis shows that many polities in Africa have...

Persistent link: https://www.econbiz.de/10013191594

"Robin Hood in reverse" : persistence and barriers to redistributive fiscal policy

Cavalcante, Pedro - 2021

Despite improvements in the living conditions of the population, there has not been a significant change in income disparities. Since the growth of left-wing parties and political competition as per the median voter hypothesis do not stand in the Brazilian case, what could explain the tenacity...

Persistent link: https://www.econbiz.de/10012486184

Incumbency and expectations of fiscal rule compliance : evidence from surveys of German policy makers

Heinemann, Friedrich; Janeba, Eckhard; Todtenhaupt, … - 2020

In this paper, we analyze politicians’ expectations about future compliance with a fiscal rule, and in particular the dependence of the expectations on their role in parliament (opposition vs. incumbent government coalition). In addition, we explore how opposition and incumbent politicians...

Persistent link: https://www.econbiz.de/10012304830

Fiscal and Monetary policies in an agent-based model

Pongpitch Amatyakul; Nutnicha Theppornpitak - 2022

Persistent link: https://www.econbiz.de/10013262823

Dispelling the shadow of fiscal dominance? : fiscal and monetary announcement effects for euro area sovereign spreads in the corona pandemic

Havlik, Annika; Heinemann, Friedrich; Helbig, Samuel; … - 2021 - This version: June 2021

We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU fiscal level - has been more crucial for the stabilization of...

Persistent link: https://www.econbiz.de/10012534642

Monetary-fiscal interaction and quantitative easing

Hollmayr, Josef; Kühl, Michael - 2019

This paper analyzes the monetary-fiscal interaction if the central bank conducts quantitative easing. Although asset purchases have similar effects on the real economy under monetary and fiscal dominance, wealth effects yield a qualitatively different response on the rate of inflation. Our...

Persistent link: https://www.econbiz.de/10011955624

A note on automation, stagnation, and the implications of a robot tax

Gasteiger, Emanuel; Prettner, Klaus - 2017

We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While automation implies constant returns to capital within this model class (even in the absence of technological progress), we show that it does not have the potential to lead to positive...

Persistent link: https://www.econbiz.de/10011668997

Malthus was right : explaining a millennium of stagnation

Madsen, Jakob Brøchner; Robertson, Peter E.; Ye, Longfeng - 2019

Persistent link: https://www.econbiz.de/10012208673

Tax and growth in a developing country : the case of Brazil

Sachsida, Adolfo; Mendonça, Mário Jorge Cardoso de - 2016

This paper uses Brazilian quarterly data, from the period January/2002 to June/2015, to estimate the impact of taxes … toward consumption taxes and personal income taxes would improve economic growth. Besides that, we strongly recommend against … both taxes over the capital stock (mainly the recurrent ones) and the corporate income taxes. …

Persistent link: https://www.econbiz.de/10012058615

Growth impacts of the exchange rate and technology

Márquez-Velázquez, Alejandro - 2016

The aim of this paper is to assess whether the impacts of real exchange rate undervaluation and domestic technological capabilities on growth are stable across development levels. On the one hand, a real exchange undervaluation measure is constructed based on the purchasing-power-parity theory...

Persistent link: https://www.econbiz.de/10011536945

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