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small open economy and one emerging economy, the Ramsey solution for the optimal monetary and fiscal policy is computed … optimal policy for a developed small open economy. For both economies, inflation is low, but very volatile, while taxes follow …
Persistent link: https://www.econbiz.de/10009475440
A high inflation rate is the main obstacle prohibiting euro lead into the state, that‘s why the inflation theme is the urgent one. We analyzed the inflation not only from the economic perspective, but from the legal side too. The changes of property forms, legal tends, extent of inflation,...
Persistent link: https://www.econbiz.de/10009478992
We show that several shocks identifi ed without restrictions from a model, and frequently used in the empirical literature, display some persistence. We demonstrate that the two leading methods to recover impulse responses to shocks (moving average representations and local projections) treat...
Persistent link: https://www.econbiz.de/10012523677
Este documento describe los principales canales de transmisión de los efectos desbordamiento (spillovers) de las políticas fiscales nacionales a otros países de la zona del euro y analiza su magnitud utilizando diferentes modelos. En el contexto de la Unión Económica y Monetaria (UEM), los...
Persistent link: https://www.econbiz.de/10012524802
Event: Presentation of the Annual Report 2021. Organized by: Banco de España
Persistent link: https://www.econbiz.de/10013205927
The twenty-two papers collected in this volume illustrate the itinerary of Henry Tulkens, an applied theorist, on the occasion of his retirement from teaching. The collection is structured in four parts: I. Decentralized resource allocation processes for public and private goods - II....
Persistent link: https://www.econbiz.de/10009448276
This paper considers an endogenous growth model with productive government spending in which overlapping generations of agents vote sequentially on policy. With sequential majority voting, there is a multiplicity of politico-economic equilibria originating from self-fulfilling policy...
Persistent link: https://www.econbiz.de/10009471682
Purpose – This paper seeks to examine the critical role fiscal incentives have played in urban regeneration in Ireland since 1986, focusing on the role of such incentives, their impact on development and implications for the market of their termination.Design/methodology/approach – The paper...
Persistent link: https://www.econbiz.de/10009475656
A framework for simplified implementation of the collective model of labor supply decisions is presented in the context of fiscal reforms in the UK. Through its collective form the model accounts for the well known problem of distribution between wallet and purse, a broadly debated issue which...
Persistent link: https://www.econbiz.de/10009475667
La littérature contient très peu de recherches empiriques concernant les effets distributifs du système sociofiscal à l’intérieur du ménage. Nous simulons cet effet dans le cadre du modèle collectif d’offre de travail lorsque l’on passe d’une taxation jointe à une taxation...
Persistent link: https://www.econbiz.de/10009475668