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Spillovers from tax shocks to the euro area
Mierzwa, Sascha - 2021 - This version: 07 September 2021
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...
Persistent link: https://www.econbiz.de/10012649097
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Legislative tax announcements and GDP : evidence from the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2021 - This version: 08 October 2021
We study the announcement effect of legislated tax changes on GDP in the US, Germany, and the UK. Using, as the shock of interest, narratively identified information (Romer & Romer, 2009) about future tax changes at the quarter of their introduction to the legislative body, we analyse the...
Persistent link: https://www.econbiz.de/10012649099
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Fiscal calculus in a New Keynesian model with labor market frictions
Campolmi, Alessia; Faia, Ester; Winkler, Roland - 2011
unemployment and a rich fiscal sector employing distortionary taxation and government debt. Results show that only stimuli directed …
Persistent link: https://www.econbiz.de/10009157603
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Spillovers from tax shocks to the euro area
Mierzwa, Sascha - 2021
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...
Persistent link: https://www.econbiz.de/10012653882
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Legislative tax announcements and GDP: Evidence from the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2021
We study the announcement effect of legislated tax changes on GDP in the US, Germany, and the UK. Using, as the shock of interest, narratively identified information (Romer & Romer, 2009) about future tax changes at the quarter of their introduction to the legislative body, we analyse the...
Persistent link: https://www.econbiz.de/10012653883
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Fiscal stabilization in the United States : lessons for monetary unions
Nikolov, Plamen; Pasimeni, Paolo - 2019
particular, we investigate the relative importance and stabilization impact of the federal system of unemployment benefits and of … unemployment insurance, then, can play an important stabilization role, in particular when enhanced by a discretionary program of …
Persistent link: https://www.econbiz.de/10011999069
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Measuring heterogeneity in job finding rates among the nonemployed using labor force status histories
Kudlyak, Marianna; Lange, Fabian - 2014
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10010440544
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Why does unemployment hurt the employed? : Evidence from the life satisfaction gap between the public and private sectors
Lüchinger, Simon (contributor); Meier, Stephan (contributor) - 2008
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private … unemployment. -- unemployment ; life satisfaction ; job security ; public sector …
Persistent link: https://www.econbiz.de/10003713639
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Labor market institutions : curse or blessing?
Ochsen, Carsten; Welsch, Heinz - 2006
satisfaction of European citizens is affected by employment protection and the level and duration of unemployment benefit payments … nearly neutralize each other. -- unemployment benefit ; employment protection ; macroeconomic uncertainty ; cost …
Persistent link: https://www.econbiz.de/10003883987
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Some Evidence on the Importance of Sticky Wages
Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - 2010
peak at 12 months. (5) The probability of a wage change is positively correlated with the unemployment rate and with the …
Persistent link: https://www.econbiz.de/10008778763