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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
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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
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The euro plus pact: cost competitiveness and external capital flows in the EU countries
Gabrisch, Hubert; Staehr, Karsten - 2014
. The results also suggest that the measures in the Euro Plus Pact to restrain the growth of unit labour costs may not …
Persistent link: https://www.econbiz.de/10011605695
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How competitiveness shocks affect macroeconomic performance across euro area countries
Staehr, Karsten; Vermeulen, Robert - 2016
This paper considers the short-term effects of competitiveness shocks on macroeconomic performance in the euro area. Vector autoregressive models are estimated on quarterly data from 1995 to 2013 for individual countries and the whole euro area. The results show that competitiveness shocks help...
Persistent link: https://www.econbiz.de/10011605985
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Central Bank Communication on Fiscal Policy
Allard, Julien - 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/10013100569
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The Euro Plus Pact : Cost Competitiveness and External Capital Flows in the EU Countries
Gabrisch, Hubert - 2014
. The results also suggest that the measures in the Euro Plus Pact to restrain the growth of unit labour costs may not …
Persistent link: https://www.econbiz.de/10013058551
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How Competitiveness Shocks Affect Macroeconomic Performance Across Euro Area Countries
Staehr, Karsten - 2016
This paper considers the short-term effects of competitiveness shocks on macroeconomic performance in the euro area. Vector autoregressive models are estimated on quarterly data from 1995 to 2013 for individual countries and the whole euro area. The results show that competitiveness shocks help...
Persistent link: https://www.econbiz.de/10012984572
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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