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Tax Buoyancy in OECD Countries
Belinga, Vincent - 2014
By how much will faster economic growth boost government revenue? This paper estimates short- and long-run tax buoyancy … in OECD countries between 1965 and 2012. We find that, for aggregate tax revenues, short-run tax buoyancy does not … significantly differ from one in the majority of countries; yet, it has increased since the late 1980s so that tax systems have …
Persistent link: https://www.econbiz.de/10013050672
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Do government purchases affect unemployment?
Holden, Steinar; Sparrman, Victoria - 2011 - Publisert 24. mai. 2011 15:19
We investigate empirically the effect of government purchases on unemployment in 20 OECD countries, for the period 1960-2007. Compared to earlier studies we use a data set with more variation in unemployment, and which allows for controlling for a host of factors that influence the effect of...
Persistent link: https://www.econbiz.de/10009154861
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Do Government Purchases Affect Unemployment?
Holden, Steinar - 2012
We investigate empirically the effect of government purchases on unemployment in 20 OECD countries, for the period 1960-2007. Compared to earlier studies we use a data set with more variation in unemployment, and which allows for controlling for a host of factors that influence the effect of...
Persistent link: https://www.econbiz.de/10013114672
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On the Link Between Volatility and Growth
Posch, Olaf; Wälde, Klaus - 2012
illustrated by working out the effects through which economies with different tax levels differ in their volatility and growth …-volatility regressions. Our estimates show that the conventional Ramey-Ramey coefficient is affected sizeably. In addition, tax levels do …
Persistent link: https://www.econbiz.de/10014204793
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The Effects of Budget Rules on Fiscal Performance and Macroeconomic Stabilization
Millar, Jonathan - 1998
Budget rules can be defined as legislated or constitutional constraints on government deficits, taxes, expenditures, or debt. This paper reviews the budget rules recently legislated in six of Canada's provinces and both of its territories, as well as budget rules in other OECD countries. In...
Persistent link: https://www.econbiz.de/10014073824
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Current Accounts, Net Foreign Assets and the Implications of Cyclical Factors
Bussière, Matthieu; Chortareas, Georgios E.; Driver, … - 2005
Intertemporal models of the current account suggest that temporary income shocks are fully reflected in a country's net foreign asset position, so that agents invest abroad any savings generated by a positive income shock. On the other hand, a stylised fact in international economics is that...
Persistent link: https://www.econbiz.de/10014087338
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Measuring Cyclically-Adjusted Budget Balances for OECD Countries
Girouard, Nathalie - 2010
Department's calculations of cyclically-adjusted budget balances. Account is taken of tax reforms introduced since the previous …
Persistent link: https://www.econbiz.de/10013142784
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Accounting for One-Off Operations When Assessing Underlying Fiscal Positions
Joumard, Isabelle - 2010
Frequent recourse to large one-off operations in a number of OECD countries has undermined the accuracy of cyclically adjusted fiscal balances as a measure of both the sustainability of public finance and the fiscal stance. This paper first provides detailed information on the nature and amount...
Persistent link: https://www.econbiz.de/10013142794
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Fiscal fragility : what the past says about the future
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2010
The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the obvious increase in the stock of public debt/GDP induced by the global recession, to include the neglected perspective that the vulnerabilities associated...
Persistent link: https://www.econbiz.de/10008689002
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Public and private sector wages interactions in a general equilibrium model
Fernández de Córdoba, Gonzalo; Pérez, Javier J.; … - 2009
suggests a positive correlation between public and private sector wages. Any increase in tax revenues, coupled with the …
Persistent link: https://www.econbiz.de/10003963780