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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...
Persistent link: https://www.econbiz.de/10012258505
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
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...
Persistent link: https://www.econbiz.de/10012269540
A democratic society in which the distribution of wealth is unequal elects political parties which tend to represent the interests of the poor. The clientele of such governments favour unanticipated inflation taxes to erode the real value of debt service and redistribute income from the rich to...
Persistent link: https://www.econbiz.de/10005792370
Persistent link: https://www.econbiz.de/10012251967