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Revenue elasticities in euro area countries : an analysis of long-run and short-run dynamics
Koester, Gerrit; Priesmeier, Christoph - 2017
Revenue elasticities play a key role in forecasting, monitoring and analysing public finances under the European fiscal framework, which largely builds on cyclically adjusted indicators. This paper investigates whether there is evidence for dynamic - instead of the currently used static -...
Persistent link: https://www.econbiz.de/10011635246
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Responses to monetary policy shocks in the east and the west of Europe : a comparison
Jarociński, Marek - 2008
the NMS, by using a Bayesian estimation that combines information across countries. The impulse responses in the NMS are …
Persistent link: https://www.econbiz.de/10003825885
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Do EU structural funds promote regional employment? : evidence from dynamic panel data
Mohl, Philipp; Hagen, Tobias - 2011
impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 … dynamic panel econometric approaches to control for heteroscedasticity, serial and spatial correlation as well as for … funds ; dynamic panel models ; spatial panel econometrics ; regional employment effects …
Persistent link: https://www.econbiz.de/10009405602
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How flexible are real wages in EU countries? : a panel investigation
Heinz, Frigyes Ferdinand; Rusinova, Desislava - 2011
In this paper we estimate the degree of real wage flexibility in 19 EU countries in a wage Phillips curve panel … within the EU. - Real wage flexibility ; bargaining institutions ; central and eastern Europe ; euro area ; panel …
Persistent link: https://www.econbiz.de/10009238022
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3-step analysis of public finances sustainability : the case of the European Union
Afonso, António (contributor);  … - 2008
specific panel unit root test to investigate the meanreverting behaviour of general government expenditure and revenue ratios …. Secondly, we apply the bootstrap panel cointegration techniques that account for the time series and cross … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …
Persistent link: https://www.econbiz.de/10003782655
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Monetary policy transmission over the leverage cycle : evidence for the euro area
Bräuer, Leonie; Rünstler, Gerhard - 2020
We study state dependence in the impact of monetary policy shocks over the leverage cycle for a panel of 10 euro area … countries. We use a Bayesian Threshold Panel SVAR with regime classifications based on credit and house prices cycles. We find …
Persistent link: https://www.econbiz.de/10012241107
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Fiscal activism in the euro area and in other advanced economies : new evidence
Attinasi, Maria Grazia; Palazzo, Alessandra Anna; … - 2019
advanced economies during the past 20 years. This is done by estimating fiscal reaction functions using dynamic panel …
Persistent link: https://www.econbiz.de/10012135940
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Stress-testing net trading income : the case of European banks
Giglio, Carla; Shaw, Frances; Syrichas, Nicolas; … - 2021
Net trading income is an important but volatile source of income for many euro area banks, highly sensitive to changes in financial market conditions. Using a representative sample of European banks, we study the distribution of net trading income (normalized by total assets) conditional to...
Persistent link: https://www.econbiz.de/10012429194
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Tax thy neighbour : corporate tax pass-through into downstream consumer prices in a monetary union
Dedola, Luca; Osbat, Chiara; Reinelt, Timo - 2022
We estimate the response of product-level retail prices to changes in the corporate tax rates paid by wholesale producers (pass-through). Under perfect competition in goods and factor markets, pass-through of corporate taxes should be zero, and their incidence mainly falls on factor prices. We...
Persistent link: https://www.econbiz.de/10013277185
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Fiscal equalization and the tax structure
Holm-Hadulla, Fédéric - 2018
Sub-national governments often finance substantial parts of their budgets via taxes on capital or other mobile factors - despite having access to alternative, less distortionary, revenue sources. This paper develops three hypotheses to explain this pattern and tests them in a natural experiment...
Persistent link: https://www.econbiz.de/10011929809