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on consumption are moderated when they are accompanied by appropriate taxation policies. In particular, when the tax … decrease both in public pensions and the lump sum labour income tax, ii) a decrease both in public pensions and the … distortionary corporate tax, iii) an increase in the retirement age. The analysis focuses on the effects of these fiscal policies on …
Persistent link: https://www.econbiz.de/10011604909
In this paper we explore the impact of fiscal austerity on three different dimensions of public opinion (overall life satisfaction and confidence, attitude towards national authorities, and European institutions). Based on a panel of 26 EU countries, we find that, overall, fiscal consolidation...
Persistent link: https://www.econbiz.de/10013025081
Fiscal policy constitutes a key tool for business cycle stabilisation next to monetary policy. In this context, having a well-suited macroeconomic model for analysing fiscal policy at a central bank is of primary importance. This paper documents the fiscal block of the ECB-BASE, which is a...
Persistent link: https://www.econbiz.de/10014374590
Fiscal policy constitutes a key tool for business cycle stabilisation next to monetary policy. In this context, having a well-suited macroeconomic model for analysing fiscal policy at a central bank is of primary importance. This paper documents the fiscal block of the ECB-BASE, which is a...
Persistent link: https://www.econbiz.de/10014355745
variability of fiscal balances. Asset prices affect fiscal balances via capital gains and turnover related taxes, and via wealth …
Persistent link: https://www.econbiz.de/10011604187
effects on capital gains, asset turnover and consumption tax, 2) bailout costs as asset price declines undermine balance …
Persistent link: https://www.econbiz.de/10011604237
is assumed to have a smaller discount factor than the private sector. Due to the absence of lump-sum taxation, debt …
Persistent link: https://www.econbiz.de/10011605354
is assumed to have a smaller discount factor than the private sector. Due to the absence of lump-sum taxation, debt …
Persistent link: https://www.econbiz.de/10013129069
on consumption are moderated when they are accompanied by appropriate taxation policies. In particular, when the tax … decrease both in public pensions and the lump sum labour income tax, ii) a decrease both in public pensions and the … distortionary corporate tax, iii) an increase in the retirement age. The analysis focuses on the effects of these fiscal policies on …
Persistent link: https://www.econbiz.de/10013316600
In this paper we explore the impact of fiscal austerity on three different dimensions of public opinion (overall life satisfaction and confidence, attitude towards national authorities, and European institutions). Based on a panel of 26 EU countries, we find that, overall, fiscal consolidation...
Persistent link: https://www.econbiz.de/10011605819