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The stylized facts of government finance in the Group of Seven (G-7) industrial countries show that revenues lag real GDP procyclically, while government spending in most cases fails to lead the economy procyclically. This finding is not confined to transfers but also applies to the wage...
Persistent link: https://www.econbiz.de/10012782143
the data, we allow for monopolistic competition as well as partial taxation of pure profit income. We update the sample to … 2010, thereby including recent increases in government spending and their fiscal consequences. We provide new tax rate data … labor taxation …
Persistent link: https://www.econbiz.de/10013105927
data, we allow for monopolistic competition as well as partial taxation of pure profit income. We update the sample to 2010 …, thereby including recent increases in government spending and their fiscal consequences. We provide new tax rate data. We … taxation …
Persistent link: https://www.econbiz.de/10013110654
For the fifth and final year, we rank states according to their financial condition. On the basis of FY 2016 financial reports of the 50 states, this study ranks the states' fiscal solvency using 13 indicators that assess the extent to which the states can meet their obligations. State finances...
Persistent link: https://www.econbiz.de/10012871382
Based on the fiscal year 2013 Comprehensive Annual Financial Reports of the 50 states, this study ranks states' fiscal solvency using 14 metrics that assess whether the states can meet their short-term bills and long-term obligations. State finances are analyzed according to five dimensions of...
Persistent link: https://www.econbiz.de/10012914964
This paper estimates the effects of fiscal stimulus on economic activity using a novel database on large fiscal expansions for 17 OECD countries for the period 1960–2006. The database is constructed by combining the statistical approach to identifying large shifts in fiscal policy with...
Persistent link: https://www.econbiz.de/10012865948
recession that began in 2008, Florida cut state spending significantly to keep the budget balanced rather than relying on tax … are its legislature term limits, its lack of a state personal income tax, and the ability to amend the state constitution …
Persistent link: https://www.econbiz.de/10012871049
conventionally held views, such as those concerned with top tax rates, the undesirability of taxing capital income, the targeting of … child benefits, and the merging of income tax and social security contributions. The final part goes beyond national … conventionally held views, such as those concerned with top tax rates, the undesirability of taxing capital income, the targeting of …
Persistent link: https://www.econbiz.de/10010357435
Durch die öffentliche Finanzierung erhalten die Politiker auf den verschiedenen Staatsebenen die für ihr Handeln erforderlichen Ressourcen. Die Wissenschaft trägt Mitverantwortung für die richtige Dosierung und sachgerechte Gestaltung dieser Ressourcen zum Wohlergehen eines Gemeinwesens und...
Persistent link: https://www.econbiz.de/10014509608
Persistent link: https://www.econbiz.de/10001744246