Showing 1 - 10 of 220
This paper questions unconventional fiscal policy effects when the monetary policy rate is at the zero lower bound. We provide evidence for the US that the spread between the policy rate and the US-LIBOR, which is more relevant for private sector transactions, increases with government...
Persistent link: https://www.econbiz.de/10010510610
This theoretical contribution shows a simple way in which the quantity equation can be derived as a long-term equilibrium solution for the case of a closed economy and an open economy, respectively. It is shown first for the case of a closed economy which parameters stand behind "velocity" and...
Persistent link: https://www.econbiz.de/10010398774
A provision of the Tax Cuts and Jobs Act of 2017 offered tax incentives for investing in certain low-income areas in the United States called Opportunity Zones (OZs). The goal of this provision was to spur private investment in OZs in order to improve the economic well-being of their residents....
Persistent link: https://www.econbiz.de/10013187185
In 2016, the Surgeon General used longitudinal cohort studies to conclude that youth e-cigarette use is strongly associated with cigarette use. We re-evaluate data from the period of time before the writing of the Surgeon General report, using quasi-experimental methods, and reach the opposite...
Persistent link: https://www.econbiz.de/10012647899
We examine disparities in Child Tax Credit (CTC) eligibility and anti-poverty effects since 1998 by family type. Initially, single mothers were least likely to be eligible and were underrepresented among those lifted from poverty by the CTC, because the credit was virtually nonrefundable. By...
Persistent link: https://www.econbiz.de/10014278606
This paper compares the poverty reduction impact of income sources, taxes and transfers across five OECD countries … the Luxembourg Income Study (LIS) database. -- Poverty reduction ; transfers ; taxes ; Shapley value ; OECD countries …
Persistent link: https://www.econbiz.de/10003777874
This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a repeated non-cooperative game, Pareto efficient outcomes can be supported by self interest, given the specific pattern of specialisation and exchange which exists in the...
Persistent link: https://www.econbiz.de/10003847154
-firm performance. The SIMPLES program introduced in November 1996 consolidated multiple taxes and social security contributions into a … single payment and reduced taxes for eligible small firms. This provides a quasi-natural experiment that allows us to … registered as a legal entity, pay taxes and make social security contributions. Moreover, newly created firms that opt for …
Persistent link: https://www.econbiz.de/10003908658
When a deficit occurs in the funding of collective goods, it is usually covered by raising the amount of taxes or by …
Persistent link: https://www.econbiz.de/10003561619
This paper provides a demographic outlook of the Euro-Mediterranean region and then shows the economic and fiscal consequences of such demographic differences within a two-region model with international labor mobility. International labor mobility is also examined through an externalities...
Persistent link: https://www.econbiz.de/10009523531