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Reconciling insurance with market discipline : a blueprint for a European fiscal union
Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2016
This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10011431564
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Reconciling insurance with market discipline : a blueprint for a European fiscal union
Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2015
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 noncooperative euro countries. We suggest a design which combines fiscal insurance with an orderly procedure to...
Persistent link: https://www.econbiz.de/10011300749
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Fiscal consolidation and automatic stabilization : new results
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas; … - 2020 - This version: December 17, 2019
We analyze how the combined effect of automatic stabilizers and discretionary changes in tax-benefit systems have affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary measure of the combined effect of automatic stabilizers and...
Persistent link: https://www.econbiz.de/10012164214
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Fiscal consolidation and automatic stabilization : new results
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas; … - 2020
We analyze how the combined effect of automatic stabilizers and discretionary changes in tax-benefit systems have affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary measure of the combined effect of automatic stabilizers and...
Persistent link: https://www.econbiz.de/10012438995
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Reconciling insurance with market discipline : a blueprint for a European fiscal union
Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 2, pp. 210-231
This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10011576597
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German public finances through the financial crisis
Blömer, Maximilian; Dolls, Mathias; Fuest, Clemens; … - 2015
The German experience of the crisis was very different compared to those of most other countries in Europe. Germany was hit by a very strong shock which was relatively concentrated in the exporting, manufacturing industries. In addition, the German labour market was very resilient during the...
Persistent link: https://www.econbiz.de/10011286340
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German Public Finances Through the Financial Crisis
Blömer, Maximilian - 2018
The German experience of the crisis was very different compared to those of most other countries in Europe. Germany was hit by a very strong shock which was relatively concentrated in the exporting, manufacturing industries. In addition, the German labour market was very resilient during the...
Persistent link: https://www.econbiz.de/10012937185
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Tax policy and income inequality in the US, 1979-2007
Bargain, Olivier; Dolls, Mathias; Immervoll, Herwig; … - 2014
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method allowing us to … inequality by increasing the income share of the top 20% in contrast to the middle class' share. The tax policy effect accounts … for up to 29% of the total change in inequality; its contribution increases up to 41% if we take into account behavioral …
Persistent link: https://www.econbiz.de/10010329226
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Tax policy and income inequality in the US, 1978 - 2009: A decomposition approach
Bargain, Olivier; Dolls, Mathias; Immervoll, Herwig; … - 2011
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method that allows us to …
Persistent link: https://www.econbiz.de/10010278404
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Partisan tax policy and income inequality in the US, 1979 - 2007
Bargain, Olivier; Dolls, Mathias; Immervoll, Herwig; … - 2013
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method that allows us to … tax policy effect aggravated income inequality by increasing the income share of the top 20% in contrast to the middle … class' share. The tax policy effect accounts for up to 29% of the total change in inequality; its contribution increases up …
Persistent link: https://www.econbiz.de/10010291407