Vegh, C. and Vuletin, G., (2013), “Tax-policy procyclicality”, VoxEU, 01 Οκτωβρίου.
Government spending is procyclical in developing countries, exacerbating the business cycle. However, an analysis of tax policy is also required in order to properly assess the overall stance of fiscal policy. This column presents recent research showing that tax policy tends to be procyclical in developing countries and acyclical in developed countries. Although some developing countries have managed to escape the procyclical fiscal policy trap, some developed nations – notably Eurozone members – are falling into it.
Σχετικές Αναρτήσεις
- Princen, S., Mourre, G., (2013), “The role of tax policy in times of fiscal consolidation”, European Economy, Economic Papers N.502.
- 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.
- Mariniello, M., (2013), “Do European fines deter price fixing?”, VoxEU, 22 Σεπτεμβρίου.