Utilizing a new database of tax rates, tax revenues and tax income-elasticities we contribute to the debate on the effects of …fiscal policyon economic activity in a number of ways. First, using both panelGMM and panel VAR methods, we …find that the effects of tax cuts onGDP growth are...

The paper explores the determinants of up-front fees on sovereign bank loans.Remuneration of bank loans is typically channelled through the floating interestbenchmark, the interest spread, and a battery of fees. There is substantial evidence of thespread paying for long-run sovereign repayment...