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Social contributions in Romania
Gyorgy, Attila - In: Romanian Journal of Fiscal Policy (RJFP) 3 (2012) 2, pp. 17-26
Social contributions have an important impact on payroll policy. Also, social contributions represent a significant budgetary revenue item which can be viewed at the edge between taxation and insurance. Social contributions in Romania experienced many changes which ended in 2008. Nowadays, they...
Persistent link: https://www.econbiz.de/10010491478
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Stock Market Reactions to Legislated Tax Changes: Evidence from the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2020
We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We … find that days of discretionary tax legislation during all stages of the process often matter for returns, both in terms of …
Persistent link: https://www.econbiz.de/10012543679
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How effective are automatic stabilisers? Theory and empirical results for Germany and other OECD countries
Tödter, Karl-Heinz; Scharnagl, Michael - 2004
automatic stabilisers and discusses their relationship to the Ricardian Equivalence Theorem. Based on simulation exercises with …
Persistent link: https://www.econbiz.de/10010295648
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Entrepreneurship and income inequality in Southern Ethiopia
Kimhi, Ayal - 2009
to household income inequality in southern Ethiopia. A uniform increase in entrepreneurial income reduces per capita …
Persistent link: https://www.econbiz.de/10010273473
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AIDS and dualism: Ethiopia's burden under rational expectations
Bell, Clive; Koukoumelis, Anastasios - 2009
An AIDS epidemic threatens Ethiopia with a long wave of premature adult mortality, and thus with an enduring setback to … possible in view of Ethiopia's poverty and high background adult mortality, it does cause a permanent, downward displacement of …
Persistent link: https://www.econbiz.de/10010266655
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Optimal Simple Rules for Fiscal Policy in a Monetary Union
Vogel, Lukas; Roeger, Werner; Herz, Bernhard - 2006
The paper discusses the stabilizing potential of fiscal policy in a dynamic general-equilibrium model of monetary union. We consider a small open economy inside the currency area. We analyze the demand and supply effects of direct taxation, indirect taxation and government spending and derive...
Persistent link: https://www.econbiz.de/10010294628
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The macroeconomic effects of exogenous fiscal policy shocks in Germany: a disaggregated SVAR analysis
Wolff, Guntram B.; Tenhofen, Jörn; Heppke-Falk, Kirsten H. - 2006
significantly, while small indirect tax revenue shocks have little effects. Compensation of public employees is equally not …
Persistent link: https://www.econbiz.de/10010295830
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Does anticipation of government spending matter? Evidence from an expectation augmented VAR
Tenhofen, Jörn; Wolff, Guntram B. - 2007
How does private consumption react to an exogenous increase in government expenditure? Standard structural vector autoregressions (SVARs) usually report a positive GDP as well as consumption response, while event studies report a negative consumption response. We investigate in a SVAR whether...
Persistent link: https://www.econbiz.de/10010295850
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The debt brake: business cycle and welfare consequences of Germany's new fiscal policy rule
Mayer, Eric; Stähler, Nikolai - 2009
In a New Keynesian DSGE model with non-Ricardian consumers, we show that automatic stabilization according to a countercyclical spending rule following the idea of the debt brake is well suited both to steer the economy and in terms of welfare. In particular, the adjustment account set up to...
Persistent link: https://www.econbiz.de/10010298840
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Fiscal policy under imperfect competition: A survey
Costa, Luís F.; Dixon, Huw David - 2010
This paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and welfare. We examine static and dynamic models, with and without entry under a variety of assumptions using a common analytical framework. We find that in general there is a robust...
Persistent link: https://www.econbiz.de/10010300025