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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...
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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...
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The main objective of the study was an attempt to describe the policy for supporting families with children in Poland … instrument of support for families in Poland. Shifting the burden of family policy towards direct benefits is unlikely to … of detailed and cyclical reporting of this type of expenditure in Poland reduces the transparency of the family policy. …
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