I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find spillovers from US tax legislation to have the...

This paper seeks to provide an evaluation of fiscal policy under New Labour in the decade from its election in May 1997 to date. It begins with a brief review of macroeconomic performance over that period. It outlines the main features of the approach of the Labour government to fiscal policy...