obtain 8% and 1%. Dynamic scoring for the EU-14 shows that 54% of a labor tax cut and 79% of a capital tax cut are self-financing …We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using … US can increase tax revenues by 30% by raising labor taxes and by 6% by raising capital income taxes. For the EU-14 we …

constrained sector absorbs less and less capital, the real interest rate in the economy declines. Other sectors that compete for … the same inputs (including capital) thus experience lower costs, which boosts investment, output, and profits, reflecting …

European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment … adjustments than other labor insurance mechanisms. Venture capital and private equity investors are especially sensitive to these … labor adjustment costs. Nations favoring labor expenditures as the mechanism for providing worker insurance developed …

and non-durable consumer goods as well as productive capital. The model generates perhaps surprising results. In …

the econometric effect of including a measure of excess capacity; (5) an unexpected rise in money demand may be …