Search results for "fiscal"

La Europa negra y la Constitución

2005

Fantasmas y Malentendidos

2001

Un établissement public peut-il interdire le règlement en espèces ?

2019

National audience; Le tribunal administratif de Dijon botte en touche

Il divieto di aiuti di Stato e le misure di fiscalità di vantaggio nel quadro della politica regionale dell’Unione Europea e degli Stati membri

2005

Gli aiuti regionali, nell'ambito dell'autonomia finanziaria e tributaria riconosciuta alle regioni, al fine del'applicazione del criterio di selettività, devono essere considerati non con riferimento al sistema tributario nazionale, bensì tenendo conto del regime giuridico attuato in ambito territoriale. La giurisprudenza della Corte di Giustizia riconosce, con recenti arresti, questo importante principio.

El pobre de la familia

2001

Government consumption volatility and the size of nations

2016

This paper analyzes the relation between government consumption volatility and country size. Using an unbalanced sample of 160 countries from 1960 to 2010, it finds that smaller countries have more volatile government consumption. Moreover, while this relation is more negative for more volatile economies, there is also evidence that smaller countries have more volatile government consumption even controlling for the level of volatility in the economy.

Discretionary Government Consumption, Private Domestic Demand, and Crisis Episodes

2012

This paper analyzes the dynamic impact of discretionary government consumption purchases on private demand. Using a panel of 132 countries from 1960 to 2008, we find that while discretionary changes in government consumption lead to crowding-in effects in the short run, crowding-out effects take over in the medium run. In addition, we also find that both short-term crowding-in and mediumterm crowding out effects are amplified once we control for periods of crisis.

Government size, composition, volatility and economic growth

2008

This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government revenue and spending, the results point out that i) indirect taxes (size and volatility); ii) social contributions (size and volatility); iii) government consumption (size and volatility); iv) subsidies (size); and v) government investment (volatility) have a sizeable, negative and statistically significant effect on growth. info:eu-repo/semantics/publishedVersion

The Impact of Government Spending on the Private Sector: Crowding-out versus Crowding-in Effects

2011

Summary We contribute to the empirical literature on the effect of government spending on economic activity, by assessing the impact of changes in government spending-GDP ratio on (the short-term growth rates of) private consumption and investment. We do this by analysing a panel sample of 145 countries from 1960 to 2007. The results of our paper suggest that government spending produces important crowding-out effects, by negatively affecting both private consumption and investment. The result is broadly robust to both country and time effects, and different econometric specifications. In addition, we show that the effect of government consumption on private consumption and investment does …

Household Leverage and Fiscal Multipliers

2011

We study the size of fiscal multipliers in response to a government spending shock under different household leverage conditions in a general equilibrium setting with search and matching frictions. We allow for different levels of household indebtedness by changing the intensive margin of borrowing (loan-to-value ratio), as well as the extensive margin, defined as the number of borrowers over total population. The interaction between the consumption decisions of agents with limited access to credit and the process of wage bargaining and vacancy posting delivers two main results: (a) higher initial leverage makes it more likely to find output multipliers higher than one; and (b) a positive g…