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Feldstein, Martin S. - In: Journal of policy modeling : JPMOD ; a social science … 37 (2015) 3, pp. 423-427

Persistent link: https://www.econbiz.de/10011478448

Feldstein, Martin S. - 2015

All of the attempts to end the euro crisis and to return the Eurozone countries to healthy growth rates of income and … by the individual Eurozone countries. I describe some of these fiscal options after reviewing the history of failed …

Persistent link: https://www.econbiz.de/10012457804

Ending the Euro Crisis?

Feldstein, Martin S. - 2015

All of the attempts to end the euro crisis and to return the Eurozone countries to healthy growth rates of income and … Eurozone countries. I describe some of these fiscal options after reviewing the history of failed attempts and the options that …

Persistent link: https://www.econbiz.de/10013030065

Saving Europe? : the unpleasant arithmetic of fiscal austerity in integrated economies

Mendoza, Enrique G.; Tesar, Linda L.; Zhang, Jing - 2014

What are the macroeconomic effects of tax adjustments in response to large public debt shocks in highly integrated economies? The answer from standard closed-economy models is deceptive, because they underestimate the elasticity of capital tax revenues and ignore crosscountry spillovers of tax...

Persistent link: https://www.econbiz.de/10010426560

Saving Europe? : the unpleasant arithmetic of fiscal austerity in integrated economies

Mendoza, Enrique G.; Tesar, Linda L.; Zhang, Jing - 2014

Europe's debt crisis casts doubt on the effectiveness of fiscal austerity in highly-integrated economies. Closed-economy models overestimate its effectiveness, because they underestimate tax-base elasticities and ignore cross-country tax externalities. In contrast, we study tax responses to debt...

Persistent link: https://www.econbiz.de/10010463574