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income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 23 to 32 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …
Persistent link: https://www.econbiz.de/10013157746
income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 percent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 30 per cent in the EU and up to 20 per cent in the US. There is large heterogeneity within the EU. Automatic …
Persistent link: https://www.econbiz.de/10013139144
This paper investigates to what extent the tax and transfer systems in Europe protect households at different income levels against losses in current income caused by economic downturns like the present financial crisis. We use a multi country micro simulation model to analyse how shocks on...
Persistent link: https://www.econbiz.de/10013143688
income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …
Persistent link: https://www.econbiz.de/10013149370
Persistent link: https://www.econbiz.de/10013433395
) are used by member states to finance new projects (additionality of public investments). The analysis shows that in the EU …
Persistent link: https://www.econbiz.de/10014308731
This contribution develops a blueprint for a European fiscal union. The proposal addresses the shortcomings of most other reform designs which do not offer a solution for insolvent or non-cooperative euro countries. We suggest a design which combines fiscal insurance with an orderly procedure to...
Persistent link: https://www.econbiz.de/10013018079
approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit …
Persistent link: https://www.econbiz.de/10013131163
We present a novel approach to assess the effect of EU cohesion policy on economic activity. Project-level data on EU … funding is combined with nighttime light emissions data. Higher EU funding is associated with increased economic activity at …. Improved access to data on EU-funded projects would enhance transparency of EU regional funding. …
Persistent link: https://www.econbiz.de/10014479304
Persistent link: https://www.econbiz.de/10014494574