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» Resultado: 2 registros
| Registro 1 de 2 | |
| Autor: | Bajo-Rubio, Oscar - Gómez-Plana, Antonio G. |
| Título: | Alternative strategies to reduce public deficits: Taxes vs. Spending |
| Fuente: | Journal of Applied Economics. v.18, n.1. Universidad del CEMA |
| Páginas: | pp. 45-70 |
| Año: | May 2015 |
| Resumen: | We examine the effects of several alternative measures intended to reduce government deficits for the case of Spain, distinguishing between those acting through taxes and through spending. The Spanish case is relevant as an example of front-loaded fiscal adjustment that has led to a large GDP fall, where (unlike the cases of Greece, Ireland and Portugal) the authorities were able to choose the composition of the adjustment measures. The empirical methodology is based on a computable general equilibrium model. All the simulated policies lead to a decrease in the levels of output and employment, and to a higher unemployment rate. The greatest contractionary effects appear in the case of an increase in the income tax, followed by spending cuts, especially in public education; in contrast, the contractionary effect is weaker for indirect tax increases. While income distribution for labour worsens with spending cuts, it slightly improves with tax increases. |
| Palabras clave: | GASTO PUBLICO | DEFICIT | IMPUESTOS | GASTOS | DISTRIBUCION DEL INGRESO | |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 2 de 2 | |
| Autor: | Bajo-Rubio, Oscar - Montavez-Garces, M. Dolores |
| Título: | Was there Monetary Autonomy in Europe on the eve of EMU? The German Dominance Hypothesis Re-Examined |
| Fuente: | Journal of Applied Economics. v.5, n.2. Universidad del CEMA |
| Páginas: | pp. 185-207 |
| Año: | Nov. 2002 |
| Resumen: | In this paper we re-examine the German dominance hypothesis, as a way to assess whether the loss of monetary autonomy in Europe associated with EMU had been significant. We use Granger-causality tests between the interest rates of Germany and all the countries participating in the European Monetary System, with the sample period running until December 1998. Our results would support a weak version of the hypothesis, with Germany playing a certain "leadership" or special role in the EMS, although she would not have been strictly the "dominant" player. |
| Palabras clave: | ZONAS MONETARIAS | UNION MONETARIA | DOMINACION | AUTONOMIA MONETARIA | |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
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