Results 111 to 120 of about 26,597 (234)
The Role of Taxes as Automatic Destabilizers in New Keynesian Economics [PDF]
This paper analyses the effects of taxation in New Keynesian economics. The results show that taxes contribute to price and wage stickiness and, moreover, that the resulting fluctuations in welfare are magnified by the presence of taxes.
Claus Thustrup Hansen +1 more
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Fiscal federalism and a separate budget for the euro area
International Journal of Management and Economics, 2018 The core objective of this paper is to determine the main political and economic conditions and challenges related to the possible evolution of the integration process in the euro area toward fiscal federalism and fiscal union as a way to increase the ...
Oręziak Leokadia
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Public debt in an OLG model with imperfect competition [PDF]
Fiscal policy is needed to avoid dynamic inefficiency and maintain full employment in a modified Diamond OLG model with imperfect competition. A distributionally neutral tax scheme can maintain full employment in the face of variations in .household ...
Peter Skott, Soon Ryoo
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International Environment: Recovery and Resolution Regimes as the Pillar of the Banking Union
Naše Gospodarstvo, 2019 The purpose of the article is to present the possible regimes of bank resolution in the euro system and to highlight open questions concerning additional capital buffers and the valuation of assets according to the Bank Recovery and Resolution Directive (
Festić Mejra
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The Impact of Fiscal Councils on Public Perception: A Survey Experiment in the Czech Republic
Financial Internet QuarterlyThis study examines the influence of fiscal councils on public opinion regarding fiscal issues. Using a survey-framing experiment on a representative sample of 900 inhabitants of the Czech Republic, the study evaluates how the framing of a message ...
Morda Pavel, Zeman Martin, Klement Josef
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Why the EU-15 Maintains Higher CIT Rates than the New Member States?
International Journal of Management and Economics, 2014 The European Union is not a homogenous area. This lack of homogeneity extends to taxes, which vary across jurisdictions. On average, Western Europe imposes significantly higher taxes on capital than New Member States, which joined the Community in 2004 ...
Karpowicz Andrzej
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The optimal mix of taxes on money, consumption and income [PDF]
In this paper we determine the optimal combination of taxes on money, consumption and income in transaction technology models. We show that the optimal policy does not tax money, regardless of whether the government can use the income tax, the ...
De Fiore, Fiorella, Teles, Pedro
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Naše Gospodarstvo, 2015 Portugal is a member of the group known by investors as ‘PIIGS’, countries characterised by having high public debt and weak economic growth. Using an extended time horizon, 1974–2014, this study seeks to empirically explore the relationship between ...
Ferraz Ricardo, Duarte António Portugal
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Appraising fiscal reaction functions [PDF]
We estimate fiscal responses for an OECD panel, accounting for cross-country interactions, and also estimate the fiscal responses in a panel VAR.
António Afonso, João Tovar-Valles
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Sovereign spreads and financial market behavior before and during the crisis [PDF]
, 2014 JEL: C23, E43, E62, F34, G01, G12, H60This paper aims at shedding some light on the mechanisms of pricing the EMU countries’ sovereign bonds in financial markets.
Gajewski, Paweł
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