This paper analyzes the performative impact of the European Commission's model for estimating ‘potential output', which is used as a yardstick for measuring the ‘structural budget balance' of EU countries and, hence, is crucial for coordinating European fiscal policies. In pre-crisis years,...

The empirical literature on the impact of corporate taxes on economic growth reaches ambiguous conclusions: corporate tax cuts increase, reduce, or do not significantly affect growth. We apply metaregression methods to a novel dataset with 441 estimates from 42 primary studies. There is evidence...

The empirical literature on the impact of corporate taxes on economic growth reaches ambiguous conclusions: corporate tax cuts increase, reduce, or do not significantly affect growth. We apply meta-regression methods to a novel dataset with 441 estimates from 42 primary studies. There is...

By studying the factors underlying differences in trade performance across European economies, this paper derives six different “trade models” for 22 EU-countries and explores their developmental and distributional dynamics. We first introduce a typology of trade models by clustering...

This paper discusses the uneven consequences of the macroeconomic fallout from the coronavirus and related economic policy responses against the background of an analysis of longer-term macroeconomic divergence in the Eurozone. We show that the macroeconomic impact of the Corona crisis is...

Wie sollte die Wirtschaftspolitik im Lichte der Covid-19-Krise, dem Krieg in der Ukraine sowie den laufenden Sanktionen gegen Russland neben weiteren strukturellen Herausforderungen in den kommenden Jahren ausgerichtet werden? Schon vor Ausbruch der Covid-19-Krise gab es einen Paradigmenwechsel...

This paper analyses the impact of technological capabilities on convergence. While looking at the relevance of differences in technological capabilities has a long tradition in economics when it comes to explaining persistent deviations in income, we provide econometric tests on the role of...