Like most industrialized countries and many developing countries, Austria has taken measures to stabilise financial markets and to mitigate the sharp decrease in economic activity caused by the recent financial crisis. These measures amount to 4.2 per cent of 2008 GDP. Model simulations show...

This paper concentrates on international fiscal competition for internationally mobile direct investment. We differentiate between multinational enterprises whose direct investments are internationally mobile and domestic enterprises whose investment activities are limited to their country of...

To fulfil their tasks, governments rely on public expenditures and taxes. Both influence the incentives and shape the decisions and actions of private economic agents. As governments resort to both instruments simultaneously, their combined theoretical impact on economic performance is a priori...