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The political economy of corporate tax harmonization — Why do European politicians (dis)like minimum tax rates?

Osterloh, St.,  Heinemann, Fr., (2013), “The political economy of corporate tax harmonization — Why do European politicians (dis)like minimum tax rates?”, European Journal of Political Economy, Volume 29, pp. 18–37. Setting minimum tax rates is a well discussed way of mitigating pressure from tax competition. This paper investigates which motives shape the support for a minimum corporate tax among politicians. We make use of a unique data base: a survey …Read More

Central bank communication on fiscal policy

Allard, J.,  Catenaro, M.,  Vidal, J.-P.,  Wolswijk, G., (2013), “Central bank communication on fiscal policy”, European Journal of Political Economy, Volume 30, pp. 1–14. The issue of central bank communication on fiscal policy has so far received very little attention in the literature. This article aims to shed light on the determinants of central bank communication on fiscal policy by analysing the intensity of central banks’ fiscal communication for five …Read More

The popular legitimacy of European healthcare systems: A multilevel analysis of 24 countries

Missinne, Sarah, Meuleman, Bart, Bracke, Piet, (2013), “The popular legitimacy of European  healthcare systems: A multilevel analysis of  24 countries”, Journal of European Social Policy, Vol. 23, Issue 3, July 2013, p.p,  231-247 This paper provides an empirical study of the between-individual and between-country differences in the popular legitimacy of European healthcare systems. In order to explain two dimensions of popular legitimacy (satisfaction and support for state responsibility), we assess …Read More

The Distributional Effects of Fiscal Consolidation

Ball, L.,  Furceri, D., Leigh, D., & Loungani, Pr., (2013), “The Distributional Effects of Fiscal Consolidation”, IMF Working Paper, N.,13/151. This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal consolidation has typically had significant distributional effects by raising inequality, decreasing wage income shares and increasing long-term unemployment. The evidence also suggests …Read More

Does fairness matter for the success of fiscal consolidation?”

Kaplanoglou, G., Rapanos, V. & Bardakas, I., (2013), “Does fairness matter for the success of fiscal consolidation?” , University of Athens-Department of Economics, Economic Discussion Reports, N. 2013/6. Does it matter for fiscal consolidation programs to be fair in order to be successful? This question has never been empirically addressed despite its profound importance especially since many developed countries have embarked on fiscal consolidation programs, which in many cases have …Read More

Time Will Tell: The EFSF, the ESM and the Euro Crisis

Gocaj, Ledina, Meunier, Sophie, (2013), “Time Will Tell: The EFSF, the ESM and the Euro Crisis”, Journal of European Integration, Vol.35, Issue 3, p.p. 239-253 The European Financial Stability Facility (EFSF), a slim and temporary bailout fund created by the European Union in May 2010 to quell a growing sovereign debt crisis in Europe, became the foundation for a permanent, more powerful institution, the European Stability Mechanism (ESM), adopted in …Read More

Tough Love: How the ECB’s Monetary Financing Prohibition Pusher Deeper Euro Area Integration

Yiangou, Jonathan, O’keeffe, Micheal, Glockler Gabriel, (2013), “Tough Love: How the ECB’s Monetary Financing Prohibition Pusher Deeper Euro Area Integration”, Journal of European Integration, Vol. 35, Issue 3, p.p. 223-237 This paper analyses the underlying dynamics of institutional change in economic governance in EMU. We show that the crisis revealed significant gaps between the intentions of the designers of EMU and the observed outcome. Building on the path dependence literature …Read More

Kichking the Can Down the Road to More Europe? Salvaging the Euro and the Future of European Economic Governance

Mezn, George, Smith, Mitchell P., (2013), “Kichking the Can Down the Road to More Europe? Salvaging the Euro and the Future of European Economic Governance”, Journal of European Integration, Vol. 35, Issue 3, p.p. 195-206 Recent assessments of the nature of the eurozone’s problems, their origins, and a policy choices and likely outcomes inform our understanding of the crisis and explain its persistence. These accounts detail weaknesses in design of …Read More

Trends in European real exchange rates

Berka, Martin, Devereux, Michael B., (2013), “Trends in European real exchange rates” , Economic Policy, Vol. 28, Issue 74, p.p. 193-242. We study a newly created panel data set of relative prices for a large number of consumer goods among 31 European countries over a 15-year period. The data set includes eurozone members both before and after the inception of the euro, floating exchange rate countries of Western Europe, and …Read More