This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … decrease it can only do so gradually because of matching frictions which in turn implies that the tax burden remains high and … transition to the low-unemployment regime is not possible when tax rates are adjusted each period to balance the budget even …

The objective of this study is twofold: first analyze how the implementation of the EU minimum energy tax policy in the … climate policy in the enlarged EU. The main elements of the new EU energy tax policy is an upward revision of the existing … minimum tax rates on mineral oils and an inclusion of the energy products such as coal, natural gas and electricity in the tax …