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An examination of the IFS corporation tax forecasting record

Basu, Suman; Emmerson, Carl; Frayne, Christine - 2003

This paper examines the corporation tax forecasting techniques used by the Institute for Fiscal Studies. For current year forecasts a judgemental forecast is found to have performed better than relying solely on a simple model or information on the receipts available so far in the current...

Persistent link: https://www.econbiz.de/10010293091

Optimal Fiscal Action in an Economy with Sovereign Premia and without Monetary Independence: An Application to Italy

Philippopoulos, Apostolis; Varthalitis, Petros; … - 2013

We welfare rank various tax-spending policies. The setup is a New Keynesian model of a semi-small open economy featuring sovereign risk premia and loss of monetary policy independence. The model is calibrated to match data from the Italian economy 2001-2011. We compute various optimized...

Persistent link: https://www.econbiz.de/10010293909

A disaggregated framework for the analysis of structural developments in public finances

Kremer, Jana; Braz, Cláudia Rodrigues; Brosens, Teunis; … - 2006

In this paper, we present a disaggregated framework for the analysis of past and projected structural developments in the most relevant revenue and expenditure categories and the fiscal balance. The framework, in particular, distinguishes between the effects of discretionary fiscal policy and of...

Persistent link: https://www.econbiz.de/10010295793

The EMU Consolidation Game - or: Does 3.0 Really Mean 3.0?

Heinemann, Friedrich - 1998

consistent debt limits in the time after the introduction of the Euro. …

Persistent link: https://www.econbiz.de/10010297571

EMU and fiscal discipline: the end of the depreciation threat

Heinemann, Friedrich - 1998

Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...

Persistent link: https://www.econbiz.de/10010297592

Exchange rate regimes and fiscal discipline in OECD countries

Heinemann, Friedrich - 1999

Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to consequences for the exchange rate. This might lower fiscal discipline. In order to shed light on the empirical relevance of this consideration, the impact of the exchange rate...

Persistent link: https://www.econbiz.de/10010297607

Does globalization restrict budgetary autonomy? A multidimensional approach

Heinemann, Friedrich - 1999

Does globalization restrict the leeway for national budgetary policy? With the help of cluster and discriminant analysis this study provides evidence on the basis of the experience of OECD countries since the 1970s. Four budgetary dimensions are included in the analysis: tax structure,...

Persistent link: https://www.econbiz.de/10010297629

Fiscal sustainability and policy implications for the euro area

Balassone, Fabrizio; Cunha, Jorge Correia da; Langenus, … - 2009

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … adjustment in a disproportionate way to future generations. For many euro area countries this implies that the medium …

Persistent link: https://www.econbiz.de/10010298751

Anti-crisis measures in the republic of Macedonia and their effects: Are they sufficient?

Bexheti, Abdulmenaf - 2010

Macedonia's economy was not left behind by the global economic crisis as the country's macroeconomic policymakers had hoped! Certainly, an economy open at all and with a high degree of direct dependence on European and global economies in general should not be saved by the crisis in financial...

Persistent link: https://www.econbiz.de/10010300845

Steuerwettbewerb in Mittel- und Osteuropa: Eine Einschätzung anhand der Messung effektiver Grenzsteuersätze

Treier, Volker - 2001

Die Transformationsländer Mittel- und Osteuropas (MOE) stecken in der Zwickmühle. Einerseits zwingt der Wettkampf um international knappes Kapital möglicherweise zu Steuersenkungen, die zu Einnahmeausfällen führen. Andererseits werden gerade in Zeiten der Transformation staatliche Einnahmen...

Persistent link: https://www.econbiz.de/10010301328