Showing 1 - 10 of 2,056
This paper quantifies the dynamic macroeconomic effects of tax changes in Germany, allowing for anticipation effects of preannounced tax reforms. Identification is achieved using a narrative approach, which provides information about the timing of tax reforms. An anticipated cut in taxes has a...
Persistent link: https://www.econbiz.de/10015142163
This paper quantifies the dynamic macroeconomic effects of tax changes in Germany, allowing for anticipation effects of preannounced tax reforms. Identification is achieved using a narrative approach, which provides information about the timing of tax reforms. An anticipated cut in taxes has a...
Persistent link: https://www.econbiz.de/10015210927
Member countries of the euro area, and the peripheral states in particular, face an especially difficult problem: on the one hand, they urgently need stronger economic growth to reduce high debt and unemployment levels. On the other hand, however, they have no scope to use fiscal policy to...
Persistent link: https://www.econbiz.de/10010427275
Die Mitgliedsländer der Eurozone, vor allem die sogenannten Peripheriestaaten, stehen vor einem schwer zu lösenden Problem: Einerseits benötigen sie dringend ein stärkeres Wirtschaftswachstum, um die aufgebauten Schuldenberge abtragen und die Arbeitslosigkeit reduzieren zu können, verfügen...
Persistent link: https://www.econbiz.de/10010427286
This paper quantifies the dynamic macroeconomic effects of tax changes in Germany, allowing for anticipation effects of preannounced tax reforms. Identification is achieved using a narrative approach which provides information about the timing of tax reforms. For an anticipated tax shock, we...
Persistent link: https://www.econbiz.de/10012234812
This paper studies the short-run macroeconomic effects of legislated tax changes in Germany using a vector autoregression (VAR) approach. Identification of the tax shock follows the narrative approach recently proposed by Romer and Romer (2010). Results indicate a moderate, but statistically...
Persistent link: https://www.econbiz.de/10010286390
Persistent link: https://www.econbiz.de/10005537685
This paper explores the international transmission of U.S. tax shocks and provides evidence for the German economy. Using structural vector autoregressions, we find that after a U.S. tax cut, German GDP increases moderately. While higher U.S. demand stimulates German exports, a deterioration of...
Persistent link: https://www.econbiz.de/10011929058
This paper deals with with the tax policy conducted during crisis period. The author focuses on international experience in tax policy, theoretical considerations and necessary measures.
Persistent link: https://www.econbiz.de/10010595486
This paper deals with 2008-2009 crisis which marked a new stage of Russia’s budgetary policy. Although the budget situation in Russia is presently much better than in the majority of the developed countries, reservation of high dependence on oil proceeds, observed trends in in the structure of...
Persistent link: https://www.econbiz.de/10010610599