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Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe … national saving responds nonlinearly to fiscal policy when a large and persistent consolidation is undertaken. I show that …
Persistent link: https://www.econbiz.de/10011474247
Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe … national saving responds nonlinearly to fiscal policy when a large and persistent consolidation is undertaken. I show that …
Persistent link: https://www.econbiz.de/10014064008
Fiscal consolidation is used as a synonym for austerity much as debt restructuring is used as a euphemism for partial repudiation. Inside the political arena of international economics, the nomenclature of government officials in policy debates adopts colorful terminology, such as healthy public...
Persistent link: https://www.econbiz.de/10013103649
Persistent link: https://www.econbiz.de/10008736763
tax policy relies heavily on income taxation to do so, the analysis suggests a likely negative effect on growth …
Persistent link: https://www.econbiz.de/10013135700
' labor supply and saving assuming standard preferences. The system incorporates kinks from federal personal income tax …'s full set of work and saving disincentives. Consequently, it can facilitate analyses of structural labor supply and tax … discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the …
Persistent link: https://www.econbiz.de/10014528375
We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...
Persistent link: https://www.econbiz.de/10012896580
homeownership. This program involves a mandatory saving scheme based on labor income. Past deposits are refunded when the worker …
Persistent link: https://www.econbiz.de/10012854406
homeownership. This program involves a mandatory saving scheme based on labor income. Past deposits are refunded when the worker …
Persistent link: https://www.econbiz.de/10012230536
investment and labour as well as by altering after-tax proceeds across sectors. It is clear that economists have different … analysis concerning the effect of government spending and tax on economic growth in any nation. The research was conducted … stabilize investment activities. The regression result also shows that tax was not properly signed and this could largely be …
Persistent link: https://www.econbiz.de/10009762664