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Berset, Simon; Huber, Martin; Schelker, Mark - 2021

We study the impact of fiscal revenue shocks on local fiscal policy. We focus on the very volatile revenues from the immovable property gains tax in the canton of Zurich, Switzerland, and analyze fiscal behavior following large and rare positive and negative revenue shocks. We apply causal...

Persistent link: https://www.econbiz.de/10012420862

Identifying tax-setting responses from local fiscal policy programs

Merlo, Valeria; Schanbacher, Andreas; Thunecke, Georg; … - 2023

This paper studies tax policy interaction among local governments for both mobile and immobile tax bases. We exploit exogenous changes in the local tax setting of German municipalities due to participation in state debt reduction programs to learn about the size, scope and nature of strategic...

Persistent link: https://www.econbiz.de/10014288353

The dynamic response of municipal budgets to revenue shocks

Helm, Ines; Stuhler, Jan - 2021

We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany’s fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...

Persistent link: https://www.econbiz.de/10012514567

Local property tax reform and municipality spending efficiency

Afonso, António; Venâncio, Ana - 2022

We investigate the effect on municipality spending efficiency of a local property tax reform, which reduced in 2008 the upper limit of the property tax. We compute municipality efficiency scores via data Envelopment Analysis (DEA) from 2005 to 2011, and then we rely in a panel data set to...

Persistent link: https://www.econbiz.de/10012803767

What policies address both the coronavirus crisis and the climate crisis?

Engström, Gustav; Gars, Johan; Jaakkola, Niko; … - 2020

The coronavirus pandemic has led many countries to initiate unprecedented economic recovery packages. Policymakers … tackling the coronavirus crisis have also been encouraged to prioritize policies which help mitigate a second, looming crisis …: climate change. We identify and analyze policies that combat both the coronavirus crisis and the climate crisis. We analyze …

Persistent link: https://www.econbiz.de/10012231506

How did the 2003 SARS epidemic shape Chinese trade?

Fernandes, Ana; Tang, Heiwai - 2020

This paper examines the impact of the Severe Acute Respiratory Syndrome (SARS) epidemic on China’s trade. Using quarterly transaction-level trade data of all Chinese firms, we find that firms in regions with local transmission of SARS experienced lower import and export growth at both the...

Persistent link: https://www.econbiz.de/10012219530

Distributional effects of macroeconomic shocks in real-time : a novel method applied to the Covid-19 crisis in Germany

Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2020

The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...

Persistent link: https://www.econbiz.de/10012383744

Trade finance, gaps and the Covid-19 pandemic : a review of events and policy responses to date

Auboin, Marc - 2021

Developments in trade finance in 2020 were largely driven by the impact of the COVID-19 pandemic. Twelve years after the great financial crisis of 2008-09, the issue of trade finance re-emerged as a matter of urgency. While the current pandemic-related crisis did not have a financial cause, one...

Persistent link: https://www.econbiz.de/10012438361

The "Great Lockdown": inactive workers and mortality by Covid-19

Borri, Nicola; Drago, Francesco; Santantonio, Chiara; … - 2020

In response to the Covid-19 outbreak, among other previous "non-pharmaceutical interventions", on March 22, 2020 the Italian Government imposed an economic lockdown and ordered the closing of all non-essential economic activities. This paper estimates the causal effect of this measure on...

Persistent link: https://www.econbiz.de/10012291890

From macro to micro : large exporters coping with common shocks

Bricongne, Jean-Charles; Carluccio, Juan; Fontagné, Lionel - 2022

Since Gabaix (2011), the role of changes in the performance of some very large firms in shaping aggregate outcomes has been intensively studied in the economic literature. Changes in the performance of a few large firms can arise due to idiosyncratic shocks or idiosyncratic reactions to common...

Persistent link: https://www.econbiz.de/10013287997