Suche

clear
0 Filter gewählt
close
Gehe zur Seite
remove add
165 Ergebnisse, ab 51
  • DIW Economic Bulletin 8 / 2017

    A More Balanced Policy Mix Would Be More Successful: Seven Questions for Philipp Engler and Mathias Klein

    2017
  • Pressemitteilung

    The austerity policy was counterproductive in Spain, Portugal, and Italy

    DIW study showed: To some extent, drastic savings measures neutralized the effects of structural reform. The countries affected relapsed into recession without having improved their financial picture – a balanced policy mixture would have been better. The austerity measures and tax increases implemented from 2010 onwards did not reduce sovereign debt in Spain, Portugal and Italy as anticipated. ...

    22.02.2017
  • Diskussionspapiere 1901 / 2020

    Government Spending Multipliers in (Un)certain Times

    We estimate the dynamic effects of government spending shocks, using time-varying volatility in US data modeled through a Markov switching process. We find that the average government spending multiplier is significantly and persistently above one, driven by a crowding-in of private consumption and non-residential investment. We rationalize the results empirically through a contemporaneously countercyclical ...

    2020| Jan Philipp Fritsche, Mathias Klein, Malte Rieth
  • DIW Wochenbericht 15/16 / 2020

    Neues länderübergreifendes Wertpapier wäre elegantester Weg zu geringerem Home Bias: Interview

    2020| Dorothea Schäfer, Erich Wittenberg
  • Externe Monographien

    Essays in International Finance

    Opinions regarding capital account openness have been undergoing changes. On the one hand, financial liberalization and integration are viewed as sources of economic growth and prosperity due to a better allocation of capital to productive uses. In addition, free capital mobility and access to foreign capital are considered to be important facilitators of investment as well as cross-border risk sharing. ...

    Berlin: FU Berlin, 2019, 121, XXX S. | Tatsiana Kliatskova
  • Externe Monographien

    How Effective Are Bank Levies in Reducing Leverage Given the Debt Bias of Corporate Income Taxation?

    To finance resolution funds, the regulatory toolkit has been expanded in many countries by bank levies. In addition, these levies are often designed to reduce incentives for banks to rely excessively on wholesale funding resulting in high leverage ratios. At the same time, corporate income taxation biases banks’ capital structure towards debt financing in light of the deductibility of interest on debt. ...

    Vienna: SUERF, 2020, 6 S.
    (SUERF Policy Briefs ; 21/2020)
    | Franziska Bremus, Kirsten Schmidt, Lena Tonzer
  • Nicht-referierte Aufsätze

    The Implications of Removing Repo Assets from the Leverage Ratio

    This article summarises the key findings from a counterfactual exercise where the effect of removing repo assets from the leverage ratio on banks’ default probabilities is considered. The findings suggest that granting such an exemption may have adverse effects on the stability of the financial system, even when measures are introduced to compensate for the decline in capital required by the leverage ...

    In: Macroprudential Bulletin (2018), 6, 7 S. | Jan Philipp Fritsche, Michael Grill, Claudia Lambert
  • DIW Roundup 120 / 2018

    What Determines the Costs of Fiscal Consolidations?

    Recent studies have proposed several factors that determine how fiscal consolidations affect the economy. This Roundup focuses on several of these determinants. Namely, it discusses how the composition of the consolidation measure, the state of the business cycle, the level of private indebtedness and the amount of fiscal stress during which the measure is implemented influences the consequences of ...

    2018| Mathias Klein
  • Externe Monographien

    Interactions between Bank Levies and Corporate Taxes: How Is the Bank Leverage Affected?

    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 corporate income taxation. Based on bank balance sheet data from 2006 to 2014 for a panel of EU-banks, our analysis yields three main results: The introduction ...

    Frankfurt a.M.: ESRB, 2019, 36 S.
    (Working Paper Series ; 103)
    | Franziska Bremus, Kirsten Schmidt, Lena Tonzer
  • Veranstaltung

    Austerity: When It Works and When It Doesn´t

    A timely and incisive look at austerity measures that succeed—and those that don’t. Fiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. In this masterful book, three of today’s leading experts –...

    11.04.2019| Francesco Giavazzi
165 Ergebnisse, ab 51
keyboard_arrow_up