, when tax policy relies heavily on income taxation to do so, the analysis suggests a likely negative effect on growth …

, active labour market and care policies, social protection measures and tax reforms - and their effectiveness in supporting …

Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe … national saving responds nonlinearly to fiscal policy when a large and persistent consolidation is undertaken. I show that …

are poor, leading to a redistributive motive for taxation. Optimal tax rates can be written as a closed-form function of …We study optimal taxation in a model with endogenous financial frictions, risky investment and occupational choice …, where the distribution of wealth across entrepreneurs affects how efficiently capital is used. The planner chooses linear …

taxes and duties. Not only in the field of income taxation is there considerable pent-up need for reform. The real challenge … particularly high but also because tax-financed grants for social security are far from sufficient to cover non-insurance benefits …. Instead of being used primarily for tax cuts, the greater scope for fiscal policy should be used to increase grants to the …

overzealous about saving in every case. According to the forecast presented here, this is not necessary- especially since the …

systems will come under mounting financial pressure. Financing some extraneous insurance benefits by tax revenue or …

half a percent for each year. Tax revenues and social contributions are showing strong growth, but expenditure is expected … (comparedto other European countries) through social security contributions. This could be achieved through an increase in the tax …