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Institutionalized Bailouts and Fiscal Policy : The Consequences of Soft Budget Constraints

Fink, Alexander - 2010

States have soft budget constraints when they can expect a bailout by the federal government in the event of a financial crisis. This gives rise to incentives for unsound state fiscal policy. We test whether states with softer budget constraints have higher debt and deficits, receive more...

Persistent link: https://www.econbiz.de/10013150672

Sub-National Government's Risk Premia : Does Fiscal Performance Matter?

Sola, Sergio - 2015

This paper examines the determinants of sub-national governments risk premia using secondary market data for U.S., Canada, Australia and Germany. It finds that, as for central governments, fiscal fundamentals matter in the pricing of risk premia, and sub-national governments with higher public...

Persistent link: https://www.econbiz.de/10013020273

Institutionalized Bailouts and Fiscal Policy : Consequences of Soft Budget Constraints

Fink, Alexander; Stratmann, Thomas - 2013

Persistent link: https://www.econbiz.de/10014200345

Property Taxes and Dynamic Inefficiency : A Correction of a 'Correction'

Hellwig, Martin F. - 2020

According to Homburg's (2014) comment on Kim and Lee (1997), an ad-valorem property tax on land cannot cause dynamic … greater than land rents. With such a tax, Homburg claims, land would be intrinsically worthless and the market for land would … be closed. The latter claims are invalid because, as a store of value, land can be traded at a positive price even if the …

Persistent link: https://www.econbiz.de/10012830077

Income taxes, public fiscal policy and economic growth

Wolowiec, Tomasz; Skica, Tomasz; Gercheva, Galya - In: E-Finanse : finansowy kwartalnik internetowy 10 (2014) 3, pp. 52-64

The main goal of this article is to find the relationship between public fiscal policy and economic growth. The article consist of a few parts. The first is an introduction, which creates the background for the analysis in the following sections. It shows the main point of view on public fiscal...

Persistent link: https://www.econbiz.de/10010515544

How taxes and spending on education influence economic growth in Poland

Konopczyński, Michał - In: Contemporary economics 8 (2014) 3, pp. 329-347

This paper investigates the relationship between economic growth in Poland and four types of taxes and human capital investment. We primarily rely on an exogenous growth model that merges the Mankiw-Romer-Weil model, augmented with learning-by-doing and spillover-effects, with selected elements...

Persistent link: https://www.econbiz.de/10010414741

Productive government expenditure and economic growth

Irmen, Andreas; Kuehnel, Johanna - 2008

We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...

Persistent link: https://www.econbiz.de/10003747332

Economic relations between personal and corporate income tax

Skica, Tomasz; Wolowiec, Tomasz; Pavlov, Pavel - In: E-Finanse : finansowy kwartalnik internetowy 10 (2014) 1, pp. 60-68

The main goal of this article is to discuss the mutual economic relations between personal and corporate income taxes. The article consists of three parts. The first is an introduction to these taxes and taxation. The second is the analysis in which the objective of the taxation is discussed....

Persistent link: https://www.econbiz.de/10010390252

Temporary VAT reduction during the lockdown

Clemens, Marius; Röger, Werner - 2021

This paper evaluates the temporary VAT reduction introduced by the German government over the third and fourth quarter of 2020 as most controversial part of the COVID-19 stimulus package. Critics argue that VAT reductions are ineffective because of limited pass-through of temporary measures to...

Persistent link: https://www.econbiz.de/10012510323

Optimal threshold taxation : an empirical investigation for developing economies

Menescal, Lucas; Alves, José - 2022

In this empirical study we assess both linear and nonlinear relationship between total taxation and several tax items with real per capita GDP growth rates for 43 developing countries between 1990 and 2019. We use panel data techniques to evaluate the effects of taxation on economic growth for...

Persistent link: https://www.econbiz.de/10013255645