Background and Aims: While research has focused on outcomes of tobacco control policies, less is known about the mechanisms by which policies may affect tobacco use. We estimated the associations of changes in cigarette taxes and smoke‐free ...
Deutschland ist, ähnlich wie seine deutschsprachigen Nachbarländer, ein Land der Mieterinnen und Mieter. Mit 51,4 Prozent ist die personenbasierte Wohneigentumsquote im Jahr 2017 im europäischen Vergleich besonders niedrig (Eurostat, 2019). In ...
This paper characterizes capital taxation and public debt policy in a quantitative macroeconomic model with an impatient government and uncertainty. The government has access to linear taxes on capital and labor, and to non-state-contingent bonds. ..
Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending on ..
We present evidence on the open economy consequences of US fiscal policy shocks identified through proxy-instrumental variables. Tax shocks and government spending shocks that raise the government budget deficit lead to persistent current account ...
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