Showing 1 - 10 of 194
This paper analyzes the link between Foreign Direct Investment (FDI), corporate taxation, and corporate tax revenues …
Persistent link: https://www.econbiz.de/10011604077
We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission that has received particular attention recently as a result of governments embarking on austerity trajectories in the aftermath of the crisis. Panel regressions based on the...
Persistent link: https://www.econbiz.de/10011605815
composed of essential expenditures. …
Persistent link: https://www.econbiz.de/10014543593
This paper derives forecasts for euro area real GDP growth based on a bottom up approach from the production side. That … is, GDP is forecast via the forecasts of value added across the different branches of activity, which is quite new in the … indicators are used to bridge the gap of missing GDP data. The process of selecting the best performing equations is accomplished …
Persistent link: https://www.econbiz.de/10011605021
policy response has been to focus on the ratio of private sector credit to GDP for an economy, observing, in particular …-state relationship between private sector credit and GDP in the case of Ireland, a country which, even by international standards …
Persistent link: https://www.econbiz.de/10011605576
We consider simple methods to improve the growth nowcasts and forecasts obtained by mixed frequency MIDAS and UMIDAS models with a variety of indicators during the Covid-19 crisis and recovery period, such as combining forecasts across various specifications for the same model and/or across...
Persistent link: https://www.econbiz.de/10012422130
on consumption are moderated when they are accompanied by appropriate taxation policies. In particular, when the tax …
Persistent link: https://www.econbiz.de/10011604909
-income households are higher. Regulatory loan-to-value ratios, the taxation of mortgages and the prevalence of interest-only or fixed …
Persistent link: https://www.econbiz.de/10011605684
level under neutral taxation. On average, the tax subsidy translates into an excess consumption of housing services … portfolios. The bulk of the subsidies stems from under-taxation of the return to home equity, while the average contribution of …
Persistent link: https://www.econbiz.de/10011804402
In this paper, we present a model-based method for identifying fiscal closure rules in stochastic macroeconomic models. The methodology is based on the stability analysis of the model at hand, with an endogenous derivation of a reaction on the part of the fiscal authority to state variables in...
Persistent link: https://www.econbiz.de/10011604202