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Political institutions, state building, and tax capacity : crossing the tipping point
Gaspar, Vítor; Jaramillo, Laura; Wingender, Philippe - 2016
An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold … of around 12 3/4 percent, real GDP per capita increases sharply and in a sustained manner over the following decade. In …
Persistent link: https://www.econbiz.de/10011716283
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Tax capacity and growth : is there a tipping point?
Gaspar, Vítor; Jaramillo, Laura; Wingender, Philippe - 2016
Is there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development …? We give an empirical answer to this question by investigating the existence of a tipping point in tax-to-GDP levels. We … are similar at about 12 3/4 percent of GDP. For the contemporary dataset we find that a country just above the threshold …
Persistent link: https://www.econbiz.de/10011716284
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Sovereign risk, fiscal policy, and macroeconomic stability
Corsetti, Giancarlo; Küster, Keith; Meier, André; … - 2012
Persistent link: https://www.econbiz.de/10009488220
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What determines government spending multipliers?
Corsetti, Giancarlo; Meier, André; Müller, Gernot J. - 2012
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10009618568
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Walking hand in hand : fiscal policy and growth in advanced economies
Cottarelli, Carlo; Jaramillo, Laura - 2012
long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios …
Persistent link: https://www.econbiz.de/10009615787
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Fiscal Stimulus with Spending Reversals
Müller, Gernot - 2009
The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government spending under a plausible debt-stabilizing policy that links current stimulus to...
Persistent link: https://www.econbiz.de/10014402389
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What Determines Government Spending Multipliers?
Müller, Gernot - 2012
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10014396507
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Walking Hand in Hand : Fiscal Policy and Growth in Advanced Economies
Jaramillo, Laura - 2012
long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios …
Persistent link: https://www.econbiz.de/10014396542
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Sovereign Risk, Fiscal Policy, and Macroeconomic Stability
Kuester, Keith - 2012
This paper analyzes the impact of strained government finances on macroeconomic stability and the transmission of fiscal policy. Using a variant of the model by Curdia and Woodford (2009), we study a ""sovereign risk channel"" through which sovereign default risk raises funding costs in the...
Persistent link: https://www.econbiz.de/10014396923