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Persistent link: https://www.econbiz.de/10009739155
Multinational companies from the United States of America are important sources of foreign investment in Ireland. The … of this paper is to present for the first time data on the fiscal impact of US companies in Ireland. The results show … one third of the annual corporation tax revenue collected in Ireland. US companies also make large payments of value added …
Persistent link: https://www.econbiz.de/10013127307
The economy of the European Union has not recovered from the impact of the economic and financial crisis. Growth rates remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union, known as austerity. In opposition to fiscal contraction...
Persistent link: https://www.econbiz.de/10011380141
The euro crisis remains unresolved and the euro currency union incomplete and extraordinarily vulnerable. The euro regime’s essential flaw and ultimate source of vulnerability is the decoupling of central bank and treasury institutions in the euro currency union. We propose a “Euro...
Persistent link: https://www.econbiz.de/10011309515
Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of tightening the fiscal constraints of the SGP has driven many member states into austerity. In contrast, the golden rule of public investment proposed in this study would be one important element of the...
Persistent link: https://www.econbiz.de/10011336549
Persistent link: https://www.econbiz.de/10010528271
Persistent link: https://www.econbiz.de/10009732032
Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits. As a solution to this problem, economists have proposed to impose a binding debt rule. In this paper we argue that a binding debt rule does not eliminate the distortions due to...
Persistent link: https://www.econbiz.de/10010371104
Is it politically feasible for governments to engineer endogenous growth? This paper illustrates two reasonable political decision mechanisms by which fiscal policy generates endogenous growth with a single accumulable factor, under a constant returns to scale production technology, and without...
Persistent link: https://www.econbiz.de/10011437196
This study explores the determinants of investment using both aggregated industry-level data and disaggretated data on 27 sub-sectors of the manufacturing sector for the period 1970-2001. According to the results in this study, the government has potentially powerful means at its disposal to...
Persistent link: https://www.econbiz.de/10011527473