Women’s labour market participation is known to be responsive to fiscal (dis)incen-tives. The effects of different fiscal policies can be seen in increased hours worked, income earned or labour force participation rates for women. For potential entrants the effects can be seen in increased...

This paper investigates the in inflationary effects of fscal policy in an optimizing general equilibrium monetary model with capital accumulation, exible prices and wealth effects. The model is calibrated to Euro Area quarterly data. Simulation results show that government defcits, high debt...

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...

Da die in der EU durchgeführten Reformen praktisch alle Steuern betreffen, bietet die Studie eine multidimensionale Analyse. Sie beginnt mit einer umfassenden makroökonomischen Beurteilung der Effizienzgewinne und Umverteilungseffekte, die mit Steuersenkungen im Zusammenhang stehen, und...