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The effects of legislated tax changes in Germany
Hayo, Bernd; Uhl, Matthias - 2011
autoregression (VAR) approach. Identification of the tax shock follows the narrative approach recently proposed by Romer and Romer …
Persistent link: https://www.econbiz.de/10009313156
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International spillover effects of U.S. tax reforms : evidence from Germany
Christofzik, Désirée I.; Elstner, Steffen - 2018
This paper explores the international transmission of U.S. tax shocks and provides evidence for the German economy. Using structural vector autoregressions, we find that after a U.S. tax cut, German GDP increases moderately. While higher U.S. demand stimulates German exports, a deterioration of...
Persistent link: https://www.econbiz.de/10011928267
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Macroeconomic effects of the anticipation and implementation of tax changes in Germany : evidence from a narrative account
Christofzik, Désirée I.; Fuest, Angela; Jessen, Robin - 2020
reforms. For an anticipated tax shock, we find an implied peak tax multiplier after implementation of 1.7. However, this … liefert. Eine antizipierte Steuersenkung entfaltet ihren maximalen Effekt auf das Bruttoinlandsprodukt erst mehr als zwei … negativen Antizipationseffekten begleitet. Dies gilt insbesondere für das Bruttoinlandsprodukt, die Investitionen und die …
Persistent link: https://www.econbiz.de/10012233938
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Spillovers from tax shocks to the euro area
Mierzwa, Sascha - 2021 - This version: 07 September 2021
I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find spillovers from US tax legislation to have the...
Persistent link: https://www.econbiz.de/10012649097
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Getting into GEAR : German and the rest of Euro area fiscal policy during the crisis ; conference paper
Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2014
of the world and risk premia shocks, followed by domestic non-fiscal shocks, amongst them the technology shock being the …
Persistent link: https://www.econbiz.de/10010486694
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Legislative tax announcements and GDP : evidence from the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2021 - This version: 08 October 2021
We study the announcement effect of legislated tax changes on GDP in the US, Germany, and the UK. Using, as the shock …
Persistent link: https://www.econbiz.de/10012649099
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State-dependent effects of tax changes in Germany and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2021 - This version: 13 July 2021
We study state-dependent effects of narratively identified tax shocks in Germany and the UK over the period 1974Q1-2018Q4 using local projections. In addition, we distinguish between aggregated and disaggregated tax types (direct and indirect taxes) as well as look for possible asymmetries...
Persistent link: https://www.econbiz.de/10012591522
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Estimating policy-corrected long-term and short-term tax elasticities for the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha; Ünal, Umut - 2021 - This version: 23 March 2021
We estimate the elasticities of the most important tax categories using a new quarterly database of discretionary tax measures for the United States, Germany, and the United Kingdom over the period 1980Q1 to 2018Q2. Employing Romer and Romer's (2009) narrative approach, we construct a...
Persistent link: https://www.econbiz.de/10012543418
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The Impact of Fiscal Policy on Economic Activity Over the Business Cycle - Evidence from a Threshold VAR Analysis
Baum, Anja - 2016
Does the state of the business cycle matter for the effects of fiscal policy shocks on GDP? This study analyses quarterly German data from 1976 to 2009 in a threshold SVAR, expanding the SVAR approach by Blanchard and Perotti (2002). In a linear benchmark SVAR, the analysis finds that hiking...
Persistent link: https://www.econbiz.de/10012991046
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The effects of fiscal policy in an estimated DSGE model : the case of the German stimulus packages during the great recession
Drygalla, Andrej; Holtemöller, Oliver; Kiesel, Konstantin - 2018
In this paper, we analyse the effects of the stimulus packages adopted by the German government during the Great Recession. We employ a standard mediumscale dynamic stochastic general equilibrium (DSGE) model extended by nonoptimising households and a detailed fiscal sector. In particular, the...
Persistent link: https://www.econbiz.de/10011804350