This article analyses a proposal for a new regulation of the European Parliament and of the European Council, which objective is to establish new guidelines to improve the operation of the taxation systems in the European Union as well as to support the fight against tax fraud, tax evasion, and...

This contribution deals with the legal and institutional problems raised by the operation of the common currency in the euro Member States, and in particular with the legal framework needed to resolve the problems created by the currency crisis. The theoretical basis for the solution of these...

Am 5. Mai 2020 verkündete das Bundesverfassungsgericht sein Urteil zur deutschen Beteiligung am Public Sector Purchase Programme (PSPP) der Europäischen Zentralbank. Dieses Urteil ist vielfach kritisiert worden. Der Autor stellt dem eine alternative Deutung entgegen. So sieht er es als...

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...

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...

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...

Der im März 2012 von 25 EU-Mitgliedstaaten unterzeichnete Fiskalvertrag gerät vor dem Hintergrund der europäischen Staatsschuldenkrise immer wieder in die Kritik. Im Kern handelt es sich bei dem Vertragswerk um eine Konkretisierung und Verschärfung des Stabilitäts- und Wachstumspakts, indem...