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Automatic stabilization and discretionary fiscal policy in the financial crisis

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: IZA journal of labor policy 1 (2012), pp. 1-19

This paper investigates the relationship between the magnitude of automatic stabilizers in the tax and transfer systems of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent economic crisis. In particular, we ask whether countries...

Persistent link: https://www.econbiz.de/10009687338

Wie wirken die automatischen Stabilisatoren in der Wirtschaftskrise? : Deutschland im Vergleich zu anderen EU-Staaten und den USA

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: Perspektiven der Wirtschaftspolitik : eine Zeitschrift … 11 (2010) 2, pp. 132-145

Persistent link: https://www.econbiz.de/10003980290

Automatic stabilizers and economic crisis : US vs. Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: Journal of public economics 96 (2012) 3/4, pp. 279-294

Persistent link: https://www.econbiz.de/10009699605

Tax-and-transfer progressivity and business cycles

Jang, Youngsoo; Sunakawa, Takeki; Yum, Minchul - In: Quantitative economics : QE ; journal of the … 14 (2023) 4, pp. 1367-1400

This paper studies how tax-and-transfer progressivity influences aggregate fluctuations when interacting with household heterogeneity. Using a simple static model of the extensive margin labor supply, we analytically characterize how a degree of progressivity influences differential labor supply...

Persistent link: https://www.econbiz.de/10014496528

The elasticity of taxable income during the 1990s : new estimates and sensitivity analyses

Giertz, Seth H. - In: Southern economic journal 77 (2010) 2, pp. 406-433

Persistent link: https://www.econbiz.de/10008735703

Germany and the United States in coronavirus distress : internal versus external labour market flexibility

Herzog-Stein, Alexander; Nüß, Patrick; Peede, Lennert; … - In: Journal for labour market research 56 (2022) 1, pp. 1-22

Germany and the United States pursued different economic strategies to minimise the impact of the Coronavirus Crisis on the labour market. Germany focused on safeguarding existing jobs through the use of internal flexibility measures, especially short-time work (STW). The United States relied on...

Persistent link: https://www.econbiz.de/10013368682

Der deutsche Schuldenabbau im europäischen Vergleich : glückliche Umstände oder starke Leistung?

Büttner, David; Meurers, Martin - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 51-66

Haushaltspolitik. Eine Zerlegung der Entwicklung der Staatsverschuldung seit dem Jahr 2010 zeigt, dass der Schuldenabbau in Deutschland …" noch der Vorwurf, Deutschland sei nur auf Haushaltsdisziplin "versessen", wirklich zutreffend. Die Entwicklungen in den … Konsolidierung bei gleichzeitig hohem Wirtschaftswachstum - also einem sog. "expansionary fiscal adjustment" – stellt Deutschland …

Persistent link: https://www.econbiz.de/10012155258

How did we get to the deficit spectrum of the economic crisis?

Bodislav, Alexandru - In: Romanian journal of fiscal policy : RJFP 3 (2012) 1, pp. 9-19

The economies of developed countries of the 21st century benefit from the unseen-till-now prosperity; life standard that suffered a hard landing starting with 2007 and that seems to evolve in a chain-saw model for the crisis development. The forecast is based on the first in, last outʺ...

Persistent link: https://www.econbiz.de/10009548649

Reinstating fiscal policy for normal times : public investment and public jobs programmes

Skidelsky, Robert Jacob Alexander; Gasperin, Simone - In: PSL quarterly review 74 (2021) 296, pp. 3-24

This paper upholds the classical Keynesian position that a laissez-faire market economy lacks a spontaneous tendency to full employment. Focusing on the UK case, it argues that monetary policy could not prevent the economic collapse of 2008-9 or achieve full recovery from the Great Recession...

Persistent link: https://www.econbiz.de/10013175036

A stabilization fund can make the Euro area more crisis-proof

Clemens, Marius; Klein, Mathias - In: DIW weekly report : economy, politics, science : a … 8 (2018) 22/23, pp. 193-200

Reorganizing European fiscal policy is a main topic in current reform considerations. In particular, the creation of a European stabilization mechanism is being discussed. This study examines the macroeconomic effects of a stabilization fund, the economic consequences of which are analyzed in an...

Persistent link: https://www.econbiz.de/10011858306