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This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...
Persistent link: https://www.econbiz.de/10012801569
Based on a conjoint survey experiment we explore the support among European citizens for a European Union (EU) budgetary assistance instrument to combat adverse temporary or permanent economic shocks hitting Member States. Suitably designed, there is quite substantial support for such an EU...
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We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission that has received particular attention recently as a result of governments embarking on austerity trajectories in the aftermath of the crisis. Panel regressions based on the...
Persistent link: https://www.econbiz.de/10011605815
We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission that has received particular attention recently as a result of governments embarking on austerity trajectories in the aftermath of the crisis. Panel regressions based on the...
Persistent link: https://www.econbiz.de/10011083434
revenues in the following sense. Invariably, the share of taxes and revenues in GDP goes up, and the share of transfers goes … down, when the share of defense expenditures goes up. But taxes go down less and transfers go up more per unit change in … defense expenditures when those expenditures go down at the war's conclusion than the amounts by which taxes go up and …
Persistent link: https://www.econbiz.de/10005030220
revenues in the following sense. Invariably, the share of taxes and revenues in GDP goes up, and the share of transfers goes … down, when the share of defence expenditures goes up. But taxes go down less and transfers go up more per unit change in … defence expenditures when those expenditures go down at the war’s conclusion than the amounts by which taxes go up and …
Persistent link: https://www.econbiz.de/10005114428