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We construct a simple endogenous growth model to analyse the relationship between the composition of fiscal policy, economic growth and employment. The government sets different tax rates on labour income, capital income, and private consumption to finance productive expenditures,...
Persistent link: https://www.econbiz.de/10013152348
This paper proposes a new measure of public expenditure force that policy makers and budget analysts should track in detail over time in routine fiscal monitoring. The paper suggests that adopting the measure will not only warn policy makers of possible impending fiscal pressures, but will help...
Persistent link: https://www.econbiz.de/10012970906
Herausforderungen, die nach einer neuen Finanzpolitik verlangen. Nach Jahren der Versäumnisse muss sie die Grundlagen für die … notwendigen Investitionen in die Zukunft schaffen. Welche finanzpolitischen Weichenstellungen sollte die Politik dafür auf Europa … und Handlungsempfehlungen für eine echte nachhaltige Finanzpolitik. …
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This work provides empirical evidence for a sizeable, statistically significant negative impact of the quality of fiscal institutions on public spending volatility for a panel of 23 EU countries over the 1980–2007 period. The dependent variable is the volatility of discretionary fiscal policy,...
Persistent link: https://www.econbiz.de/10013231899
This paper proposes a new measure of public expenditure force that policy makers and budget analysts should track in detail over time in routine fiscal monitoring. The paper suggests that adopting the measure will not only warn policy makers of possible impending fiscal pressures, but will help...
Persistent link: https://www.econbiz.de/10012245701