Study for the European Environmental Agency, Copenhagen Tax reform in Europe over the next decades: implication for the …

business income to tax authorities, we show that a fall in the tax rate may increase investment in risky entrepreneurial … due to tax avoidance or evasion, but increase investment in private businesses that are also worthwhile in the absence of … business equity at the intensive margin, but decrease entrepreneurial investment at the extensive margin. To test these …

This article discusses the importance of ideology, institutions, politics, and economic knowledge for forecasting … economic policies and their impact on macroeconomic developments. Following a general discussion of those factors, the article … illustrates their forecasting usefulness by drawing on experiences from the global financial crisis. Specific issues include the …