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Temporary VAT reduction during the lockdown : evidence from Germany
Clemens, Marius; Röger, Werner - 2021
This paper evaluates the temporary VAT reduction invoked by the German government over the third and fourth quarter of 2020 as part of the COVID-19 stimulus package. There is considerable controversy. Critics argue that VAT reductions are ineffective in the presence of lockdown measures in place...
Persistent link: https://www.econbiz.de/10013341661
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Regional integration and the euro crisis : problems and solutions
Pessoa, Argentino - 2013
Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...
Persistent link: https://www.econbiz.de/10011515832
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Local government fiscal regulation in the EU : the impact of balanced budget rules
Jochimsen, Beate; Raffer, Christian - 2020
Budget Rule (BBR). With this contribution, we shed some light on the question if BBRs are an effective instrument to put … local government budget balances on a sound footing. We estimate a dynamic fiscal reaction function within a LSDVC framework …
Persistent link: https://www.econbiz.de/10012426624
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Active, or passive? : revisiting the role of fiscal policy in the Great Inflation
Ettmeier, Stephanie; Kriwoluzky, Alexander - 2019
We revisit the question whether U.S. fiscal policy in the pre-Volcker period was active or passive. To determine the policy stance, we estimate a DSGE model with monetary and fiscal policy interactions employing a sequential Monte Carlo algorithm (SMC) for posterior evaluation. In contrast to...
Persistent link: https://www.econbiz.de/10012309706
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Moving towards "cashlessness" in an emerging economy : a case study of latest policy steps in India
Dasgupta, Manjira - 2017
On November 08, 2016, India took a decisive step towards going "cashless" by suddenly announcing withdrawal of its existing currency notes of two highest denominations, namely, the Rs. 500/= and the Rs. 1000/=. The move, announced with a suddenness that took the entire nation by surprise, had at...
Persistent link: https://www.econbiz.de/10011731447
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Capital flows to emerging market and developing economies : global liquidity and uncertainty versus country-specific pull factors
Belke, Ansgar; Volz, Ulrich - 2019
This paper investigates the empirical significance of push- and pull factors of different types of capital flows - FDI, portfolio and "others" (including loans) - to emerging market and developing economies. Based on an extensive quarterly mixed time-series panel dataset for 32 emerging market...
Persistent link: https://www.econbiz.de/10012314337
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Technology beats capital sharing the carbon price burden in federal Europe
Roolfs, Christina; Gaitan Soto, Beatriz; Edenhofer, Ottmar - 2021
Passing federal environmental policy reform is a challenge as the approval of interest groups such as consumers and state-level governments is often a prerequisite. Among others, the burden sharing's progressivity has a large impact on reform approval. We investigate how carbon tax payments by...
Persistent link: https://www.econbiz.de/10013332346
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Environmental pollution & the political economy of public debt
Kellner, Maximilian - 2020
externalities, strategic incentives for the incumbent government arise from both a budget and emission interaction. In this …
Persistent link: https://www.econbiz.de/10012426927
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Trends in restructuring NMS regional economies as responses to transformation, crisis and EU membership : a spotlight on Suceava county in Romania : 54th Congress of European Regio...
Ileanu, Bogdan; Goschin, Zizi; Constantin, Daniela-Luminita - 2014 - Draft
The current research has concentrated on the following questions: What are the trends in restructuring Suceava … documents on development strategy, as well as various reports on evaluations of public policies have been studied. The study has …
Persistent link: https://www.econbiz.de/10011490020
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Northern old industrial regions : breaking the path in resource development
Galtseva, Natalya; Pelyasov, Alexander - 2012
main directions of the restructuring of the economy of the old industrial regions are diversification, introduction of … region. And its directions of economic restructuring lie in resource diversification, technological and institutional … innovations, and new economic competencies of the labor force. Efficiency of each direction of regional economic restructuring is …
Persistent link: https://www.econbiz.de/10011518050