reduce loan granting, especially to firms or from banks with lower capital or liquidity ratios. Moreover, responding to …

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …

We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … emerge. First, in all countries with the exception of Germany, capital allocation has worsened over time whereas the … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been …

We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … emerge. First, in all countries with the exception of Germany, capital allocation has worsened over time whereas the … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been …

We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 … benchmark parameters, we find that the US can increase tax revenues by 30% by raising labor taxes and 6% by raising capital … income taxes. For the EU-14 we obtain 8% and 1%. Denmark and Sweden are on the wrong side of the Laffer curve for capital …

the economy. We show that if (i) a significant share of the debt is denominated in foreign currency-creating a currency … tilts the debt profile towards short term debt, thereby increasing the volatility of output. Taking the model implications …

This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries … positive response of labour taxation to changes in the general government debt and interest expenditure-to-GDP ratios. The …

, France, Germany, Japan, Netherlands, Sweden, and UK); improvements of the primary balance after past worsening in debt ratios … for Australia, Belgium, Germany, Ireland, Netherlands and the UK; Granger causality from government debt to the primary …