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Tax Cuts Starve the Beast! Evidence from Germany

Fuest, Clemens; Neumeier, Florian; Stöhlker, Daniel - 2019

The 'starving the beast' hypothesis claims that tax cuts lead to lower public spending, rather than higher debt levels and higher taxes in the future. This paper uses the institutional setting of German fiscal federalism to its advantage in order to explore how fiscal policy reacts to exogenous...

Persistent link: https://www.econbiz.de/10012179808

State-dependent effects of tax changes in Germany and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha - 2021 - This version: 13 July 2021

We study state-dependent effects of narratively identified tax shocks in Germany and the UK over the period 1974Q1 … cuts initially have a larger effect during times of nonrecession in Germany, whereas we find no state-dependent effects for … cuts and hikes individually: tax hikes can be expansionary in Germany (UK) when implemented during non …

Persistent link: https://www.econbiz.de/10012591522

Spillovers from tax shocks to the euro area

Mierzwa, Sascha - 2021 - This version: 07 September 2021

I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United …

Persistent link: https://www.econbiz.de/10012649097

Legislative tax announcements and GDP : evidence from the United States, Germany, and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha - 2021 - This version: 08 October 2021

We study the announcement effect of legislated tax changes on GDP in the US, Germany, and the UK. Using, as the shock … Germany. When allowing the responses to vary over the business cycle, we find evidence that US GDP drops regardless of the …

Persistent link: https://www.econbiz.de/10012649099

International spillover effects of U.S. tax reforms : evidence from Germany

Christofzik, Désirée I.; Elstner, Steffen - 2018

This paper explores the international transmission of U.S. tax shocks and provides evidence for the German economy. Using structural vector autoregressions, we find that after a U.S. tax cut, German GDP increases moderately. While higher U.S. demand stimulates German exports, a deterioration of...

Persistent link: https://www.econbiz.de/10011928267

A set of estimated fiscal rules for a cross section of countries : stabilization and consolidation through which instruments?

Reicher, Christopher Phillip - 2013

Germany appear to adjust government consumption and investment relatively strongly in response to the public debt, while the …

Persistent link: https://www.econbiz.de/10009782452

Unlocking Pakistan's Revenue Potential

Cevik, Serhan - 2016

Despite the significant progress in recent years, Pakistan's tax revenue remains low relative to comparator countries and the tax effort expected for the country's level of development. In light of the potential endogenity of tax revenue and economic growth, this paper contributes to the...

Persistent link: https://www.econbiz.de/10012977781

Quantitative Effects of Fiscal Foresight

Leeper, Eric M. - 2015

Legislative and implementation lags imply that substantial time evolves between when news arrives about fiscal changes and when the changes actually take place -- time when households and firms can adjust their behavior. We identify two types of fiscal news -- government spending using the...

Persistent link: https://www.econbiz.de/10013020211

Political fragmentation and fiscal policy : evidence from German municipalities

Bernard, René - 2017

The government fragmentation hypothesis (GFH) states that coalition governments spend more than single-party governments due to an underlying common pool problem. Using a large panel data set on 604 local governments in the German state of Baden-Württemberg for the 1994-2014 period, I test the...

Persistent link: https://www.econbiz.de/10011730078

100 years of the modern German tax system : foundation, reforms, and challenges

Bach, Stefan - In: DIW weekly report : economy, politics, science : a … 9 (2019) 46/48, pp. 407-413

the time. West Germany’s economic recovery and the Wirtschaftswunder (economic miracle) following World War II began with …

Persistent link: https://www.econbiz.de/10012150709