The paper discusses the impact of austerity policy on economic performance in the eurozone countries after the global crisis that occurred in 2007-08. The undertaken fiscal consolidation efforts to cut government expenditure and increase government taxes which begun in 2010, aimed to return...

This article explores the question whether the ECJ should take account of the budgetary consequences of its decisions in the field of taxation, when deciding on the temporal effect of these decisions. The authors first suggest a normative framework for answering this question, by making the...

The European Union budget is distributed primarily in the form of intergovernmental grants to sub-state governments, which invest the grants in local projects. Transfers are allocated under the auspices of the European structural funds. This paper assesses the causal links between electoral...

Paper tackles the question of introducing EU-level taxes. It does so by giving some key theoretical insights into the influence of taxation on economic performance and behavior of countries competing for tax bases in the Tiebout environment. Economic performance is studied using those dynamic...

In the context of a stylised game theoretical framework of capital tax competition, we show that when repeated policy interactions are associated to a systematic punishment of the deviating policymaker, a co-ordinated outcome can be the solution to the non co-operative tax game. This result...