sustainable path. He demonstrates how static estimation methods fail to detect dynamic relationships between tax bases and tax …

output elasticity of the budget balance confirms the result that an increase in GDP by about 1 percentage point above the …

labor supply elasticity. For this purpose, we extend the standard labor market matching model to allow for endogenous … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men … and 0.5 for women. This is in line with recent micro-econometric estimates. -- Matching Models ; Labor Market …