Fiscal rules have become popular to limit deficits and high debt burdens in industrialized countries. A growing literature examines their impact based on aggregate fiscal performance. So far, no evidence exists…
In their famous Mirrlees review (2011) on reforming the tax system for the 21st century, the authors put forward the introduction of an allowance for corporate equity regime. In recent years, several countries…
In this paper we discuss what needs to be done in a number of key policy areas. Certainly, the EU should focus on fields where benefits for all of Europe can be produced, and should withdraw from policy areas…
Contributions to Edited Volumes and Conference Proceedings
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2014
The study is divided into three parts. Part 1 quantitatively investigates the adjustment paths of key economic variables in the European crisis countries with a particular focus on growth-relevant factors like…
In this short article, I discuss some of the political economy aspects of the ongoing pension reform in Armenia. The focus is on two opposing forces – taxpayers’ quite significant resistance to the reform…
