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Implicit tax co-ordination under repeated policy interactions

Catenaro, Marco; Vidal, Jean-Pierre - 2003

In the context of a stylised game theoretical framework of capital tax competition, we show that when repeated policy interactions are associated to a systematic punishment of the deviating policymaker, a co-ordinated outcome can be the solution to the non co-operative tax game. This result...

Persistent link: https://www.econbiz.de/10011604305

Central bank communication on fiscal policy

Allard, Julien; Catenaro, Marco; Vidal, Jean-Pierre; … - 2012

While the established literature on central bank communication has traditionally dealt with communication of monetary policy messages to financial markets and the wider public, central bank communication on fiscal policy has so far received little attention. This paper empirically reviews the...

Persistent link: https://www.econbiz.de/10011605522

Central Bank Communication on Fiscal Policy

Allard, Julien - 2012

Persistent link: https://www.econbiz.de/10013100569

Central bank communication on fiscal policy

Allard, Julien; Catenaro, Marco; Vidal, Jean-Pierre; … - In: European Journal of Political Economy 30 (2013) C, pp. 1-14

The issue of central bank communication on fiscal policy has so far received very little attention in the literature. This article aims to shed light on the determinants of central bank communication on fiscal policy by analysing the intensity of central banks’ fiscal communication for five...

Persistent link: https://www.econbiz.de/10010664751

Public pensions and growth

Lambrecht, Stéphane; Michel, Philippe; Vidal, Jean-Pierre - 2001

This paper investigates the relationship between the size of an unfunded public pension system and economic growth in … argument of parental utility. Unfunded public pensions can promote growth when families face liquidity constraints preventing … there is no case for unfunded public pensions in economies where bequests are operative. By contrast, there exists a growth …

Persistent link: https://www.econbiz.de/10011604136