We provide new evidence on the effects of fiscal consolidation measures on output, unemployment, income inequality and consumer price inflation. To identify causal impacts, we use a narrative-based instrumental variable strategy drawing on historical records of exogenous fiscal changes motivated...

Global tax governance has long struggled with ineffectiveness, as reflected in rising corporate tax avoidance that costs governments hundreds of billions of dollars annually. In response, the Organisation for Economic Cooperation and Development (OECD)/G20 advanced the most ambitious initiative...

This paper develops a task-adjusted, country-specific measure of workers' exposure to artificial intelligence (AI) across 108 countries. Building on Felten et al. (2021), we adapt the artificial intelligence occupational exposure (AIOE) index to worker-level data from the Programme for the...

Despite the central role of corporate tax departments in managing multinational enterprises' (MNEs) global tax positions, little is known about how their internal design shapes corporate tax behavior. Drawing on hand-collected data on more than 8,000 tax employees across 309 publicly listed...

The main aim of this paper is to empirically assess the impact of education and tax revenue onfostering new business creation in the OECD countries. To this end, we employ fixed effects and random effects models using panel data from 2006 to 2022, incorporating alternative conditions. Results...

This paper presents a comparative empirical analysis of multinational profit shifting using two principal data sources: the OECD Country-by-Country Reporting (CbCR) statistics and ORBIS firm-level financial data. We begin by systematically examining structural and reporting differences across...

Using household survey data on expenditures and incomes, we construct an objective measure of corruption in the public sector for a broad spectrum of countries. Specifically, we focus on the consumption-income gap for public sector workers relative to private sector workers to gauge the extent...

This study examines the compliance costs of OECD Pillar Two, i.e., the “Global Minimum Tax,” for multinational enterprises headquartered in the European Union. Collecting data from chief financial officers and heads of finance or tax departments, we estimate compliance cost determinants and...

In "Immigration, search and redistribution: A quantitative assessment of native welfare," a paper by Battisti et al. published in the August 2018 issue of the Journal of the European Economic Association, the authors inquire about how migration to 20 Organization for Economic Cooperation and...

The United States experienced an unprecedented increase in unemployment insurance (UI) claims beginning in March 2020. State UI-benefit systems were strained beyond their administrative capacity to process the dual challenge of an unprecedented increase in claims and changes to UI benefits. In...

The COVID-19 pandemic triggered unprecedented economic disruptions, raising critical questions about the resilience and adaptability of macroeconomic productivity across countries. This study examines the impact of COVID-19 on macroeconomic efficiency and productivity dynamics in 37 OECD...

The study examines the degree of current account deficit (CAD) sustainability and capital mobility for a panel of 97 countries over the period 1980-2020. To this end, the study adopts a novel interpretation of the Feldstein-Horioka coefficient in the context of CAD sustainability and examines...

For the better part of the last decade, the global minimum tax, or Pillar Two, has dominated international tax policy discussions. Developing out of the Base Erosion and Profit Shifting (BEPS) Project at the Organisation for Economic Co-operation and Development (OECD), Pillar Two's main...

This paper examines earnings differences between first-generation and continuing generation college graduates across 24 OECD countries using data from the OECD Survey of Adult Skills (PIAAC). In all but two of the countries analysed, first-generation graduates earn less than their peers from...

This paper develops a task-adjusted, country-specific measure of workers' exposure to Artificial Intelligence (AI) across 108 countries. Building on Felten et al. (2021), we adapt the Artificial Intelligence Occupational Exposure (AIOE) index to worker-level PIAAC data and extend it globally...

This research extends the literature on the environmental Phillips curve (EPC) and environmental Kuznets curve (EKC) by focusing on the 38 member economies of the Organization for Economic Co-operation and Development (OECD). Using panel data from 2000 to 2021, the study employs several...

This paper develops a task-adjusted, country-specific measure of workers’ exposure to Artificial Intelligence (AI) across 108 countries. Building on Felten et al. (2021), we adapt the Artificial Intelligence Occupational Exposure (AIOE) index to worker-level PIAAC data and extend it globally...

This paper develops a world economy HANK model for the Euro Area (EA) Core and Periphery, which captures key features of EA cross‐ and within‐country heterogeneity, to study debt target reforms. We show that fiscal consolidation under the current EA institutional arrangements is quite costly...

As the main objective of a low-carbon transition policy is to achieve green and sustainable development and since employment is related to people's livelihoods, will the low-carbon transition affect employment? Based on data from 2000-2022 for prefecture-level cities and above, we use in this...

The following article diagnoses the collapse of the Official Development Aid system (ODA), this ODA system which had been rebuilt since the beginning of the century, after the earthquake of the fall of the Berlin Wall, with which it shares common points. The article points out that this second...

Public works programs (PWPs) have long been a common choice to protect people in need by providing temporary jobs and income. They promise more than a paycheck: They offer dignity, visible community investments, and the prospect of long-term progress. But today’s world is changing fast....

Public works programs (PWPs) have long been a common choice to protect people in need by providing temporary jobs and income. They promise more than a paycheck: They offer dignity, visible community investments, and the prospect of long-term progress. But today’s world is changing fast....

This paper addresses the disproportional effects of digitalisation across age by investigating: (i) withinjob age segregation in tasks by digital intensity; (ii) within-job age disparities in digital upskilling; (iii) age inequalities in wage returns to digital job tasks; and (iv) the role of...

While population growth is a known driver of CO2 emissions, prevailing models often treat "population" as a homogeneous factor. This study addresses a critical gap, providing the first comprehensive empirical analysis to disaggregate the contributions of native-born and migrant populations to...

Public investment can support geoeconomic policy goals by strengthening economic resilience through the creation of public assets and by fostering domestic sources of economic growth. This paper presents new evidence on how public investment affects output, unemployment, private investment and...