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Bach, Stefan; Corneo, Giacomo; Steiner, Viktor - 2006

We analyze the distribution and taxation of top incomes in Germany during the 1990s on the basis of individual tax … returns data. We derive a measure of economic income from taxable gross income as reported in the tax returns. Thanks to … concentrated in Germany, more than commonly thought; (iv) although effective tax rates are significantly lower than statutory ones …

Persistent link: https://www.econbiz.de/10010272718

What's the monetary value of distributive justice?

Corneo, Giacomo; Fong, Christina M. - 2006

This paper proposes a model that can be implemented to estimate the willingness to pay for distributive justice. A formula is derived that allows one to recover the willingness to pay for distributive justice from the estimated coefficients of a probit regression and fiscal data. Using this...

Persistent link: https://www.econbiz.de/10010272738

Effective taxation of top incomes in Germany, 1992 - 2002

Bach, Stefan; Corneo, Giacomo; Steiner, Viktor - 2008

We analyze the taxation of top personal incomes in Germany on the basis of an integrated data file of individual tax … includes all taxpayers in the top percentile of the gross income distribution. We show that despite substantial tax base … erosion and significant reductions of top statutory marginal tax rates, German income taxation has remained effectively …

Persistent link: https://www.econbiz.de/10010272742

Macroeconomic Effects of Fiscal Adjustment: A Tale of two Approaches

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2013

than tax-based fiscal adjustment. These results are in line with the literature using the narrative approach, suggesting …

Persistent link: https://www.econbiz.de/10010323035

Using Military Build-Ups to Capture Fiscal Shocks: A Reassessment

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2014

Ramey (2011a) and others argue that increases in government spending associated with wars and military build-ups constitute a good instrument for measuring the macroeconomic effects of fiscal shocks. We argue that this instrument has two important drawbacks: the composition of government...

Persistent link: https://www.econbiz.de/10010352446

Natural Disasters, Government Spending, and the Fiscal Multiplier

Fidrmuc, Jan; Ghosh, Sugata; Yang, Weonho - 2015

We estimate the fiscal multiplier associated with shocks to government spending. We consider increases in government spending in the U.S. states in the wake of natural disasters to capture spending shocks that are both unexpected and unrelated to the preceding state of the economy. We find that...

Persistent link: https://www.econbiz.de/10011431198

The Elusive Quest for the Holy Grail of an Impact of EU Funds on Regional Growth

Fidrmuc, Jan; Hulényi, Martin; Zajkowska, Olga - 2019

redistribution: institutional reform can also help boost growth performance. …

Persistent link: https://www.econbiz.de/10012179788

Macroeconomic effects of government spending shocks: New evidence using natural disaster relief in Korea

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2012

We investigate the macroeconomic effects of government spending shocks in Korea. We compare results obtained with two alternative approaches: the narrative approach and Structural Vector-Autoregressive model (SVAR). We propose a new methodology for identifying exogenous and unexpected fiscal...

Persistent link: https://www.econbiz.de/10010288475

Government spending shocks and the multiplier: New evidence from the US based on natural disasters

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2012

The literature on estimating macroeconomic effects of fiscal policy requires suitable instruments to identify exogenous and unanticipated spending shocks. So far, the instrument of choice has been military build-ups. This instrument, however, largely limits the analysis to the US as few other...

Persistent link: https://www.econbiz.de/10010290743

Inequality, Public Wealth, and the Federal Shareholder

Corneo, Giacomo - 2016

evolution by enhancing the role of public capital as a redistribution and empowerment device. The governance of public capital …

Persistent link: https://www.econbiz.de/10011480444