Magyarországon az adók összege meghaladja a teljes béralapot. Indokolttá vált felmérni, hogy milyen szerepet töltenek be az adók az árak alakulásában. A magyar adórendszer a vizsgálat szerint eltorzítja a bér/ár arányt és tartós munkanélküliséget okoz. Nem az...

After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying multipliers from observational data. This paper...

How much additional tax revenue can the government generate by increasing labor income taxes? In this paper we provide a quantitative answer to this question, and study the importance of the progressivity of the tax schedule for the ability of the government to generate tax revenues. We develop...

In this paper we study the impact of the fiscal policy on the economic growth for European Union, for the period 2000-2009. This subject represents a very debated problem in the economic literature. Our findings shows that, from the analysis of correlation between economic growth rate and total...

Fiscality represents the ensemble of taxes within a state, that provide it with necessary budget incomes for covering expenses. To reach a budgetary equilibrium incomes must equal the expenses. Taxation, by its instruments, can lead to financial equilibrium, that would indicate a proper...

Die aktuellen Ergebnisse des Arbeitskreises »Steuerschätzungen« deuten auf eine entspannte Finanzlage hin. Für das laufende Jahr wird mit leichten Mehreinnahmen gerechnet. In den Folgejahren bleibt die Lage unverändert günstig. Etwaige Maßnahmen der neuen Bundesregierung bleiben in den...

In the present paper I examine tax revenue projections in Germany over the period 1968 to 2012 with a focus on forecasting rationality. I show that tax revenue forecasts for themedium-term are upward biased. Overoptimistic revenue projections are particularly pronounced after the German...

This paper provides a set of detailed estimated fiscal reaction functions for a panel of twenty industrialized countries, and it discusses commonalities and differences with regard to systematic fiscal policies across countries. In general, the countries in the panel adjust tax revenues strongly...

This article aims to demonstrate the confirmation or the refutation of the hypothesis that there is a connection between fiscal policy and economic development. The study begins with an overview of the main theoretical contributions. A few indicators that give the measure of the economic...

We seek to understand how Laffer curves differ across countries in the US and the EU-14, thereby providing insights into fiscal limits for government spending and the service of sovereign debt. As an application, we analyze the consequences for the permanent sustainability of current debt...