Results 41 to 50 of about 78,583 (246)

When in Doubt, Tax More Progressively? Uncertainty and Progressive Income Taxation

International Economic Review, EarlyView.
ABSTRACT We study the optimal income tax problem under parameter uncertainty about household preferences and wage dynamics. We derive conditions characterizing how such uncertainty affects optimal tax policy. To quantify the effect, we estimate a life‐cycle model using US data and a Bayesian approach.
Minsu Chang, Chunzan Wu
wiley   +1 more source

Why is economics so fragile?

Revue de la Régulation, 2011
The association between a crisis in economics and the economic crisis, spontaneously drawn by the media and the public, is a fact which calls for explanation. We begin by identifying what the public and the media perceive as “economics”.
José Castro Caldas, Vítor Neves, José Reis   +2 more
doaj   +1 more source

Unemployment Benefits in the EU: The Commission's Approach

JCMS: Journal of Common Market Studies, EarlyView.
Abstract Unemployment insurance is a major component of European welfare regimes, whereby each EU member state has its own distinctive scheme. Despite falling under national competence, the European Commission has exercised pressure over this policy area since the establishment of the European Employment Strategy.
Igor Guardiancich, Eugenio Borgognoni, Igor Tkalec   +2 more
wiley   +1 more source

Revisiting the EU's Democratic Deficit: Archival Insights From Maximalist Federalists

JCMS: Journal of Common Market Studies, EarlyView.
Abstract This article explores the history of democratic problematisation of European integration, rather than taking part in the normative debate on the European Union's democratic legitimacy deficit that emerged in the 1990s. We focus on the narratives of non‐institutional actors who have considered that European integration should be a democratic ...
Jessy Bailly
wiley   +1 more source

Fiscal Consolidation and Support for the Common Currency

JCMS: Journal of Common Market Studies, EarlyView.
Abstract The existence of a common currency and further integration within the European Monetary Union crucially depends on public legitimacy. As a response to the Global Financial Crisis and subsequent Sovereign Bond crisis, several European governments have implemented fiscal consolidation policies in an attempt to restore investors' confidence ...
Nicola Nones, Melle Scholten
wiley   +1 more source

Note bibliografiche: Lavoie M. (2022), Post-Keynesian Economics – New Foundations, 2a edizione, Cheltenham (UK) e Northampton (MA, USA): Edward Elgar, pp. 744, ISBN: 9781839109638.

Moneta e Credito
Recensione a: Lavoie M. (2022), Post-Keynesian Economics – New Foundations, 2a edizione, Cheltenham (UK) e Northampton (MA, USA): Edward Elgar.
Sergio Cesaratto
doaj   +1 more source

Reflections on the Present State of Economics

PSL Quarterly Review, 2012
In the context of the special issue on Joseph Steindl, we offer here a republication of Steindl’s contribution to the series “Recollections of Eminent Economics”, originally published in vol. 37 n.
Josef Steindl
doaj   +1 more source

Generalizing Determinacy under Monetary and Fiscal Policy Switches: The Case of the Zero Lower Bound

Journal of Money, Credit and Banking, EarlyView.
Abstract In a fixed‐regime context, it has been established since the work of Leeper (1991) that a determinate and unique equilibrium can be achieved under both monetary dominance (characterized by an active monetary policy and a passive fiscal policy) and fiscal dominance (characterized by an active fiscal policy and a passive monetary policy) regimes
SEONGHOON CHO, ANTONIO MORENO
wiley   +1 more source

Monetary Policy and Government Debt

Journal of Money, Credit and Banking, EarlyView.
Abstract We study how the level of government debt affects the effectiveness of monetary policy, that is, the elasticity of economic aggregates to interest rate changes. We build a New Keynesian model where fiscal policy is non‐Ricardian and government debt is risk‐free.
NICOLAS CARAMP, ETHAN FEILICH
wiley   +1 more source

Financial Fragility and the Fiscal Multiplier

Journal of Money, Credit and Banking, EarlyView.
Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK, SWEDER VAN WIJNBERGEN   +1 more
wiley   +1 more source