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Political institutions, state building, and tax capacity : crossing the tipping point

Gaspar, Vítor; Jaramillo, Laura; Wingender, Philippe - 2016

An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold … of around 12 3/4 percent, real GDP per capita increases sharply and in a sustained manner over the following decade. In …

Persistent link: https://www.econbiz.de/10011716283

Tax capacity and growth : is there a tipping point?

Gaspar, Vítor; Jaramillo, Laura; Wingender, Philippe - 2016

Is there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development …? We give an empirical answer to this question by investigating the existence of a tipping point in tax-to-GDP levels. We … are similar at about 12 3/4 percent of GDP. For the contemporary dataset we find that a country just above the threshold …

Persistent link: https://www.econbiz.de/10011716284

Individual treatment effects of budget balance rules

Caselli, Francesca; Stoehlker, Daniel; Wingender, Philippe - 2020

This paper investigates the heterogenous effects of budget balance rules on fiscal policy in a large sample of countries. To derive country-specific treatment effects of fiscal rules and conduct inference, we use a Synthetic Difference-in-Differences Method. Our results indicate that countries...

Persistent link: https://www.econbiz.de/10012485989

China : how can revenue reforms contribute to inclusive and sustainable growth?

Lam, W. Raphael; Wingender, Philippe - 2015

environment-friendly economy. These reforms could also significantly boost revenue, potentially by as much as 6 1\2 percent of GDP …

Persistent link: https://www.econbiz.de/10011281983

Inequality in China : trends, drivers and policy remedies

Jain Chandra, Sonali; Khor, Niny; Mano, Rui; Schauer, … - 2018

China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has...

Persistent link: https://www.econbiz.de/10011866405

Bunching at 3 percent : the Maastricht fiscal criterion and government deficits

Caselli, Francesca; Wingender, Philippe - 2018

This paper estimates the effects of the Maastricht treaty's fiscal criterion on EU countries' general government deficits. We combine treatment effects methods with bunching estimation, and find that the 3 percent deficit rule acts as a 'magnet', increasing the number of observations around the...

Persistent link: https://www.econbiz.de/10011905895

Monetary-fiscal policy interactions and fiscal stimulus

Davig, Troy; Leeper, Eric M. - 2009

Persistent link: https://www.econbiz.de/10003900583

"Unfunded liabilities" and uncertain fiscal financing

Davig, Troy; Leeper, Eric M.; Walker, Todd B. - 2010

Persistent link: https://www.econbiz.de/10008665676

Fiscal foresight and information flows

Leeper, Eric M.; Walker, Todd B.; Yang, Shu-Chun S. - 2012

News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading...

Persistent link: https://www.econbiz.de/10009618558

Monetary and fiscal policy switching

Davig, Troy (contributor); Leeper, Eric M. (contributor); … - 2005

Persistent link: https://www.econbiz.de/10003736117