This paper investigates empirically the effect of personal income tax progressivity on output volatility in a sample of … hypothesis that higher personal income tax progressivity leads to lower output volatility. All other factors constant, countries … ; personal income taxes ; output volatility ; automatic stabilisers …

This paper investigates empirically the effect of personal income tax progressivity on output volatility in a sample of … hypothesis that higher personal income tax progressivity leads to lower output volatility. All other factors constant, countries …

relevant driver of returns, especially during periods of high speculative demand volatility. These findings confirm significant …

economic growth will only be moderate particularly in advanced economies. By contrast, growth is accelerating in emerging … markets, especially in India. Global economic growth is likely to remain moderate over the next two years. Consumption, in … recover, replacing private consumption as the main drivers of growth. Worldwide, the economy is expected to grow by 3 …

The political conditions for growth are currently dominated by increased uncertainty; this is particularly weighing on …, primarily the good labor market situation is supporting consumption. In the United States, higher growth than at the beginning … shortages in developed economies, and a further gradual deceleration of growth in China are expected to slow down the global …