Showing 1 - 10 of 25
Financial markets in Europe become more and more integrated. The persisting fragmentation of financial supervision …
Persistent link: https://www.econbiz.de/10010297411
Europe since 1980, we find evidence suggesting that the position in terms of the tax burden imposed on corporate income …
Persistent link: https://www.econbiz.de/10010298038
This paper evaluates the trade-off between growth and welfare maximization from two perspectives. Firstly, it synthesizes and extends endogenous growth models with public finance to compare growth and welfare maximizing tax rates. Secondly, it examines the distinct model outcomes in terms of...
Persistent link: https://www.econbiz.de/10010305462
This paper assesses the merits of using surveys of business perceptions of growth constraints as a guide to growth-enhancing fiscal policy reforms. Using endogenous growth models in which the government levies an income tax to provide public inputs to the production of private firms, the paper...
Persistent link: https://www.econbiz.de/10010311775
This paper assesses the merits of using surveys of business perceptions of growth constraints as a guide to growth-enhancing fiscal policy reforms. Using endogenous growth models in which the government levies an income tax to provide public inputs to the production of private firms, the paper...
Persistent link: https://www.econbiz.de/10010957636
This paper evaluates the trade-off between growth and welfare maximization from two perspectives. Firstly, it synthesizes and extends endogenous growth models with public finance to compare growth and welfare maximizing tax rates. Secondly, it examines the distinct model outcomes in terms of...
Persistent link: https://www.econbiz.de/10009211175
Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket creep in a progressive income tax system do not work any longer. With this background the paper analyzes the extent of fiscal drag for OECD countries since 1965. Some...
Persistent link: https://www.econbiz.de/10010297682
This study analyzes the sensitivity of US giving to both business cycle fluctuations and trend growth. With tax revenues as a point of reference, US giving constitutes a relatively stable source of revenue. Total giving is characterized by a business cycle volatility which is comparable to the...
Persistent link: https://www.econbiz.de/10010302587
In this analysis, the informational content of central bank rhetoric is assessed based on the experience with the ECB since 1999. Among the ECB?s communication channels we focus on the monthly press conferences. Based on a counting of certain signal words we construct a wording indicator...
Persistent link: https://www.econbiz.de/10010297482
centralisation of economic policy in Europe, as for example on the field of employment policy. EMU means that there is an increasing …
Persistent link: https://www.econbiz.de/10010297572