This paper complements and extends an article by FELDER and SCHLEINIGER (FS) previously published in this journal. We show that the results of FS depend crucially on parameter values. Furthermore we perform simulations of optimal tax reforms in the context of the FS-framework, differentiating...

This paper has provided an introduction to a multi-country model applied to the European Union which can be used to tackle fiscal policies questions in a static framework. We provide in addition a code written in GAMS, which accomodates the model specification in a concise and transparent...

This paper is mainly concerned with the real effects of different kinds of savings/investment incentives on the capital accumulation. Investment incentive programmes, at least in Italy, have been part of the Standard government budget for a long time. Therefore, especially from a policy-maker...

Our paper deals with the welfare and employment effects of green tax reforms. In the first part we develop a flexible, interactive simulation model which is accessible under http://brw.zew.de. Users can specify their own green tax reforms or emission quotas and quantify welfare and employment...

This note derives a model of the wage curve, closely following Phelps (1994) and Campbell and Orszag (1998). Phelps discusses a variety of theoretical bases for a wae curve, the two major competing types being bargaining models and efficiency wage models, though Phelps prefers the term...

This paper has provided an introduction to a multi-country model applied to the European Union which can be used to tackle fiscal policies questions in a static framework. We provide in addition a code written in GAMS, which accomodates the model specification in a concise and transparent...

This paper considers the sensitivity of policy simulation to the specification of the labour market in an Applied General Equilibrium (AGE) model of the European Union. We consider a variety of adjustments to the labour market, including the introduction of labour supply heterogeneity and...

This paper is mainly concerned with the real effects of different kinds of savings/investment incentives on the capital accumulation. Investment incentive programmes, at least in Italy, have been part of the Standard government budget for a long time. Therefore, especially from a policy-maker...