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Intergenerational altruism and neoclassical growth models

Michel, Philippe; Thibault, Emmanuel; Vidal, Jean-Pierre - 2004

This paper surveys intergenerational altruism in neoclassical growth models. It first examines Barro's approach to … intergenerational altruism, whereby successive generations are linked by recursive altruistic preferences. Individuals have an … intergenerational altruism. Other forms of altruism, referred to as ad hoc altruism, are also examined, along with their implications …

Persistent link: https://www.econbiz.de/10009639441

The 2008 Financial Crisis and Taxation Policy

Hemmelgarn, Thomas - 2010

Persistent link: https://www.econbiz.de/10009639922

Discretionary fiscal policies over the cycle

Agnello, Luca; Cimadomo, Jacopo - 2009

This paper explores how discretionary fiscal policies on the revenue side of the government budget have reacted to economic fluctuations in European Union countries. For this purpose, it uses data on legislated revenue changes and structural indicators provided twice per year by National Central...

Persistent link: https://www.econbiz.de/10009640461

Explaining government revenue windfalls and shortfalls

Morris, Richard; Castro Fernández, Francisco de; Jonk, … - 2009

In recent years, government revenues in many EU countries experienced significant and erratic changes, which, a priori, could not be fully explained by macroeconomic developments or by discretionary fiscal policy measures. We investigate this issue by estimating “unexplained” changes in tax...

Persistent link: https://www.econbiz.de/10009640465

Identifying the effects of government spending shocks with and without expected reversal

Cimadomo, Jacopo; Hauptmeier, Sebastian; Sola, Sergio - 2011

This paper investigates how expectations about future government spending affect the transmission of fiscal policy shocks. We study the effects of two different types of government spending shocks in the United States: (i) spending shocks that are accompanied by an expected reversal of public...

Persistent link: https://www.econbiz.de/10009640911

Recent reforms of tax systems in the EU : good and bad news

Garnier, Gaelle (contributor) - European Commission / Directorate General for Taxation …; …

Persistent link: https://www.econbiz.de/10010343058

A wind of change? : reforms of tax systems since the launch of Europe 2020

Garnier, Gaelle - 2014

Persistent link: https://www.econbiz.de/10010478772

Tax uncertainty : economic evidence and policy research

Zangari, Ernesto - 2017

Persistent link: https://www.econbiz.de/10011731189

Indeterminacy of rational expectations equilibria in sequential financial markets

Donati, Paola - 2003

We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...

Persistent link: https://www.econbiz.de/10009635915

Financial market integration and loan competition

Kaas, Leo - 2004

The paper analyzes how the removal of barriers to entry in banking affect loan competition, bank stability and economic welfare. We consider a model of spatial loan competition where a market that is served by less efficient banks is opened to entry by banks that are more efficient in screening...

Persistent link: https://www.econbiz.de/10009639463