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  1. EMU and labour market policy
    tensions and solutions : fellowship initiative “Challenges to Integrated Markets”
    Erschienen: 2017
    Verlag:  Publications Office of the European Union, Luxembourg

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789279648991
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    Schriftenreihe: Array ; 054 (July 2017)
    Schlagworte: Policy competition; Capital mobility
    Umfang: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  2. Home-Product Bias, Capital Mobility, and the Effects of Monetary Policy Shocks in Open Economies
  3. Capital Mobility and the Effectiveness of Fiscal Policy in Open Economies
    Erschienen: 2003
    Verlag:  Kiel Institute for the World Economy (IfW), Kiel

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  4. Home bias in portfolios and taxation of asset income
    Erschienen: 2001
    Verlag:  NBER, Cambridge, Mass.

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    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
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    Schriftenreihe: NBER working paper series ; 8193
    Schlagworte: Portfolio-Management; Geldpolitik; Kapitalertragsteuer; Kapitalmobilität; Theorie; Portfoliodiversifikation; Capital investments; Capital market; Capital mobility
    Umfang: 23 S
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    Internetausg.: dsl.nber.org/papers/w8193.pdf - lizenzpflichtig

    Literaturverz. S. 22 - 23

  5. Local Government Financial Constraint and Spending Multiplier in China
    Autor*in: Su, Yang
    Erschienen: 2023

    I estimate the annual local government spending multiplier to range from 2.22 to 0.72 and the accumulated multiplier, which is the total increase of local output per 1 RMB increase of local government spending during 2001-2019, to be 11.8 at the... mehr

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    I estimate the annual local government spending multiplier to range from 2.22 to 0.72 and the accumulated multiplier, which is the total increase of local output per 1 RMB increase of local government spending during 2001-2019, to be 11.8 at the prefecture city level in China, where government spending is known to have a significant impact on the supply side of the local economy. To achieve identification, I construct a novel instrument for local government spending: the fraction of unoccupied raw land in the downtown area in 2000. After 2000, as local governments increasingly rely on land sale revenues to finance expenditures, a higher fraction of unoccupied urban land is associated with less land requisition, which requires compensation to displaced occupants, and hence higher profits from land sales for local governments. Moreover, the fraction of raw land is orthogonal to a rich set of city fundamentals in 2000 thanks to the inefficient utilization of urban land before 2000. The multiplier is found to be significantly larger in cities where the local governments have smaller debt capacity and where the private capital is more mobile. Quantitatively, the crowding-in of private inputs following government spending - such as labor and capital - can explain over 70% of the output increase. At the firm level, government spending is found to improve local productivity and market access, and attract more firm entry. I also find significant and positive spillover effects of local government spending within each city. Overall, the paper highlights the macroeconomic importance of government spending targeting the supply side of the economy.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Dissertation
    Format: Online
    ISBN: 9798379704421
    Schriftenreihe: Dissertations Abstracts International
    Schlagworte: Finance; Public policy; Capital mobility; China; Financial constraint; Fiscal multiplier; Public finance; Spillover
    Umfang: 1 Online-Ressource (127 p.)
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    Source: Dissertations Abstracts International, Volume: 84-12, Section: A. - Advisor: He, Zhiguo

    Dissertation (Ph.D.), The University of Chicago, 2023

  6. Tax competition for automation capital
    Erschienen: [2023]
    Verlag:  RIETI, [Tokyo, Japan]

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    Sprache: Englisch
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    Schriftenreihe: RIETI discussion paper series ; 23-E, 078 (November 2023)
    Schlagworte: Inequality; Robots; Capital mobility; Technological change
    Umfang: 1 Online-Ressource (circa 36 Seiten)