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Identifying fiscal shocks and policy regimes in OECD countries
Arcangelis, Giuseppe de; Lamartina, Serena - 2003
The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a ….1 percent quarterly on average at most to a 1 percentage change in the expenditure or revenue ratio). In Italy, the US and … France, the strongest ex0Bect on output is produced by shocks on government expenditure on wages and transfers. …
Persistent link: https://www.econbiz.de/10009635887
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The response of labour taxation to changes in government debt
Holm-Hadulla, Fédéric; Leiner-Killinger, Nadine; … - 2011
This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries over the period 1979-2008. The econometric estimates point to a statistically significant and economically relevant positive response of labour taxation to changes in the general...
Persistent link: https://www.econbiz.de/10009640641
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Study on measuring consumer detriment in the European Union : Final report ; Part 1 – Main report
Alleweldt, Frank (contributor); Kara, Senda (contributor);  … - Civic Consulting - 2017
loans, credit and credit cards) and four countries (France, Italy, Poland and the UK). Results were extrapolated to the EU28 …
Persistent link: https://www.econbiz.de/10011998851
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Forecasting Euro area industrial production using (mostly) business surveys data
Bruno, Giancarlo; Lupi, Claudio - Istituto di Studi e Analisi Economica, Rom - 2003
derived from the business surveys of the three major economies within the European Monetary Union (France, Germany, and Italy … in France and Germany; as far as Italy is concerned, forecasts are produced using a model that in the recent past proved …
Persistent link: https://www.econbiz.de/10011291665
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Decomposing total tax revenues in Germany
Leib, Karolina - 2010
Given the consolidation needs and the provisions of the new fiscal rule, budgetary planning in Germany has become more demanding. Fiscal projections are already difficult since the link between total tax revenue and economic activity is observed to be unstable. This Country Focus identifies...
Persistent link: https://www.econbiz.de/10009641056
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Estonia: towards a swift current account rebalancing
Lamine, Baudouin - 2010
This study focuses on the most important drivers of the swift current account rebalancing which is taking place in Estonia and considers the possible way forward. After very large deficits in the boom years (2005-2007), Estonia's current account balance turned positive in the downturn, as...
Persistent link: https://www.econbiz.de/10009641059
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Romania: unwinding imbalances – need for fiscal consolidation
Pauwels, Stefaan - 2009
Romania's domestic demand boom over the past few years has led to rapidly widening current account deficits, reaching an estimated 13½% of GDP in 2008. High private sector dissaving has been exacerbated by a procycylical fiscal policy, with the public deficit likely to exceed 3% of GDP in 2008....
Persistent link: https://www.econbiz.de/10009641061
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The efficiency of public expenditure in Malta
Ebejer, Ivan; Mandl, Ulrike - 2009
Measuring public sector efficiency is not generally straightforward and presents a difficult empirical issue, specifically in terms of adequate measurement of costs and outcomes. This Country Focus attempts to measure the efficiency of public spending in Malta by applying two alternative...
Persistent link: https://www.econbiz.de/10009641062
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UK public finances and oil prices: tax bonanza from black gold?
Scerri, Karl; Reut, Adriana - 2009
The UK's self-sufficiency in fossil fuels shields public finances from the negative effects of higher oil prices on general economic activity. Changes in the international price of oil affect government revenues from the corporate and household sectors. Taxes on oil production are estimated to...
Persistent link: https://www.econbiz.de/10009641068