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Tax reform and labour-market performance in the euro area: a simulation-based analysis using the New Area-Wide Model
Coenen, Günter; McAdam, Peter; Straub, Roland - 2007
In this paper, we employ a calibrated two-country version of the New Area-Wide Model (NAWM) currently under development at the European Central Bank to examine the potential benefits and spillovers of reducing labour-market distortions caused by euro area tax structures. Our analysis shows that...
Persistent link: https://www.econbiz.de/10011604793
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Tax Reform and Labour-Market Performance in the Euro Area : A Simulation-Based Analysis Using the New Area-Wide Model
Coenen, Günter - 2007
In this paper, we employ a calibrated two-country version of the New Area-wide Model (NAWM) currently under development at the European Central Bank to examine the potential benefits and spillovers of reducing labour-market distortions caused by euro area tax structures. Our analysis shows that...
Persistent link: https://www.econbiz.de/10012777227
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Labour Tax Reforms, Cross-Country Coordination and the Monetary Policy Stance in the Euro Area : A Structural Model-Based Approach
Jacquinot, Pascal - 2018
We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...
Persistent link: https://www.econbiz.de/10012928551
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On some fiscal effects on mortgage debt growth in the EU
Wolswijk, Guido - 2005
This paper analyses some fiscal aspects of mortgage debt in the EU. It first describes the main fiscal instruments that governments use to affect mortgage-financed home-ownership. In the empirical part, real mortgage debt growth is analysed for 15 EU countries using pooled regressions. Fiscal...
Persistent link: https://www.econbiz.de/10011604572
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Labour tax progressivity and output volatility: evidence from OECD countries
Attinasi, Maria-Grazia; Checherita-Westphal, Cristina; … - 2011
This paper investigates empirically the effect of personal income tax progressivity on output volatility in a sample of … OECD countries over the period 1982-2009. Our measure of tax progressivity is based on the difference between the marginal … hypothesis that higher personal income tax progressivity leads to lower output volatility. All other factors constant, countries …
Persistent link: https://www.econbiz.de/10011605426
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Wealth mobility and dynamics over entire individual working life cycles
Hochguertel, Stefan; Ohlsson, Henry - 2011
We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...
Persistent link: https://www.econbiz.de/10011605347
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The response of labour taxation to changes in government debt
Holm-Hadulla, Fédéric; Leiner-Killinger, Nadine; … - 2011
This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries over the period 1979-2008. The econometric estimates point to a statistically significant and economically relevant positive response of labour taxation to changes in the general...
Persistent link: https://www.econbiz.de/10011605353
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The stock market effects of a securities transaction tax: quasi-experimental evidence from Italy
Cappelletti, Giuseppe; Guazzarotti, Giovanni; … - 2016
We study the effects on the stock market of a securities transaction tax (STT). In particular, we focus on the recent introduction of a STT in Italy. Indeed, a peculiarity of the Italian STT is that it only concerns stocks of corporations with a market capitalization above 500 million euros. We...
Persistent link: https://www.econbiz.de/10011605994
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Housing and the tax system: How large are the distortions in the euro area?
Fatica, Serena; Prammer, Doris - 2017
This paper presents new evidence on the impact of the preferential treatment of owner-occupied housing in Europe. We find that tax benefits to homeowners reduce the user cost of housing capital by almost 40 percent compared to the efficient level under neutral taxation. On average, the tax...
Persistent link: https://www.econbiz.de/10011804402
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The Response of Labour Taxation to Changes in Government Debt
Holm-Hadulla, Federic - 2011
This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries over the period 1979-2008. The econometric estimates point to a statistically significant and economically relevant positive response of labour taxation to changes in the general...
Persistent link: https://www.econbiz.de/10013129204