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Decomposing general equilibrium effects of policy intervention in multi-regional trade models: method and sample application

Böhringer, Christoph; Rutherford, Thomas F. - 1999

Policy interventions in large open economies do not only affect the allocation of domestic resources but change international market prices. The change in international prices implies an indirect secondary burden or benefit for all trading countries. This secondary terms of trade effect may have...

Persistent link: https://www.econbiz.de/10010297634

Tax competition and tax structure in open federal economies: evidence from OECD countries with implications for the European Union

Goodspeed, Timothy J. - 1999

not and will not rely on non-benefit taxes, such as the income tax. Yet we observe reliance on income taxes by local … governments in many countries, and such reliance changes over ime. Evidence from a panel data set of 13 OECD countries over the …-level income tax) will tend to lower national income tax rates, although this must be qualified because it also depends on the …

Persistent link: https://www.econbiz.de/10010297637

After the Death of Inflation: Will Fiscal Drag Survive?

Heinemann, Friedrich - 2000

creep in a progressive income tax system do not work any longer. With this background the paper analyzes the extent of … individual income taxes and social security contributions, it is neutral or negative for corporate income, property and indirect …

Persistent link: https://www.econbiz.de/10010297682

Public deficits and borrowing costs: the missing half of market discipline

Heinemann, Friedrich; Winschel, Viktor - 2001

be important determinants for public deficits. The econometric part tests these predictions for a panel of OECD countries …

Persistent link: https://www.econbiz.de/10010297752

Factor Mobility, Government Debt and the Decline in Public Investment

Heinemann, Friedrich - 2002

This paper tries to explain the declining level of public investment in OECD countries. The theoretical framework hints to the relevance of a number of demand and supply factors – ranging from the yield of public investment to institutions like the EU deficit limits. The econometric results...

Persistent link: https://www.econbiz.de/10010298102

The growth of the post-war public expenditure state: long-term trajectories and recent trends

Castles, Francis G. - 2006

This Working Paper has two principal objectives. The first is to describe the main trajectories of development of public expenditure aggregates in OECD countries during the period 1960-2001. The second is to provide a more detailed analysis of expenditure trends in these countries in the period...

Persistent link: https://www.econbiz.de/10010298146

On the consequences of demographic change for rates of returns to capital, and the distribution of wealth and welfare

Krueger, Dirk; Ludwig, Alexander - 2006

This paper employs a multi-country large scale Overlapping Generations model with uninsurable labor productivity and mortality risk to quantify the impact of the demographic transition towards an older population in industrialized countries on world-wide rates of return, international capital...

Persistent link: https://www.econbiz.de/10010298332

Mortgage markets, collateral constraints, and monetary policy: Do institutional factors matter?

Calza, Alessandro; Monacelli, Tommaso; Stracca, Livio - 2006

We study the role of institutional characteristics of mortgage markets in affecting the strength and timing of the effects of monetary policy shocks on house prices and consumption in a sample of OECD countries. We document three facts: (1) there is significant divergence in the structure of...

Persistent link: https://www.econbiz.de/10010298359

Do the elderly reduce housing equity? An international comparison

Chiuri, Maria Concetta; Jappelli, Tullio - 2008

We explore the pattern of elderly homeownership using microeconomic surveys of 15 OECD countries, merging 60 national household surveys on about 300,000 individuals. In all countries the survey is repeated over time, permitting construction of an international dataset of repeated cross-sectional...

Persistent link: https://www.econbiz.de/10010298403

The political economy of meritocracy: a post-Kaleckian, post-Olsonian approach to unemployment and income inequality in modern varieties of capitalism

Heise, Arne - 2005

it differently again: modern highly developed economies and societies have to choose between the Scylla of income …

Persistent link: https://www.econbiz.de/10010298497