The main objective of this article is to study how central banks and fiscal authorities interact when they conduct the economic policy. Specially, it seems very helpful to specify if this two policymakers act under complementary or substitutability strategy. Our methodology is based on a simple...

This paper presents some aspects regarding competition and harmonization in European Union fiscal policy, especially after the last enlargement on 2007. The problem of tax harmonization is connected with tax competition in the context of increasing capital mobility between different countries....

Fiscal policy in New Zealand has seen a consolidation of the Government’s position and continuing refinements to the institutional framework and Budget processes. The key institutional change has been the introduction of the Fiscal Responsibility Act 1994. The paper sets out the background to...

This paper is intended to investigate the possibilities for governmentinterventions based on fiscal policy measures in economies like those described inendogenous growth models with two R/D sectors.

Several recent papers addressing the role of income distribution in the growth process have focused on the role income inequality plays in the political process. Inequality is linked to pressure for high, redistributionary tax rates, which lead to low investment and therefore growth....