Showing 1 - 10 of 117
Persistent link: https://www.econbiz.de/10012014957
Persistent link: https://www.econbiz.de/10012016353
This paper revives the question of whether a temporary VAT change is an adequate instrument for crisis stabilization. In empirical assessments, we find that durable goods consumption fluctuates strongly over the business cycle and that VAT rate changes affect durable goods in particular....
Persistent link: https://www.econbiz.de/10014084235
This paper revives the question of whether a temporary VAT change is an adequate instrument for crisis stabilization. In empirical assessments, we find that durable goods consumption fluctuates strongly over the business cycle and that VAT rate changes affect durable goods in particular....
Persistent link: https://www.econbiz.de/10013198802
The system of capital taxation consists of two instruments, namely a tax on profits and a depreciation allowance on investment. We will show in this paper that by acting on both instruments simultaneously it is possible to achieve both a growth and a fiscal net revenue target even in cases when...
Persistent link: https://www.econbiz.de/10012698005
While the first two pillars of the European Banking Union have been implemented, a European deposit insurance scheme (EDIS) is still not in place. To facilitate its introduction, recent proposals argue in favor of a reinsurance scheme. In this paper, we use a regime-switching open-economy DSGE...
Persistent link: https://www.econbiz.de/10012223907
The system of capital taxation consists of two instruments, namely a tax on profits and a depreciation allowance on investment. We will show in this paper that by acting on both instruments simultaneously it is possible to achieve both a growth and a fiscal net revenue target even in cases when...
Persistent link: https://www.econbiz.de/10013309469
Recent proposals for a still missing European deposit insurance scheme (EDIS) argue in favor of a reinsurance framework. In this paper, we use a regime-switching open-economy DSGE model with bank default to assess the relative efficiency of such a scheme. We find that reinsurance by EDIS is more...
Persistent link: https://www.econbiz.de/10014316943
Although the economic boom in Germany is over, a recession is not looming. The economy is still expected to grow by 1.0 percent this year despite its recent weaker performance. Consumption remains a mainstay of the economy; the average annual increase in the number of employees is likely to be...
Persistent link: https://www.econbiz.de/10011993699
Die Hochkonjunktur in Deutschland ist vorüber, eine Rezession, droht indes nicht: Trotz der jüngst schwächeren Konjunktur, dürfte die Wirtschaft in diesem Jahr um 1,0 Prozent, wachsen. Eine tragende Säule bleibt der Konsum: Im Jahresdurchschnitt, wird die Zahl der Arbeitnehmerinnen und...
Persistent link: https://www.econbiz.de/10011993773