Who really pays social security contributions and labour taxes?
González-Páramo, José Melguizo, Ángel . In spite of its policy relevance, academics and policymakers cannot agree on who bears the brunt of a tax on labour. This column uses meta-regression techniques to argue that economic institutions, the tax wedge definition, and the time horizon are crucial in determining who actually pays. Results based on 52 […]
More evidence that financial markets imposed excessive austerity in the eurozone
De Grauwe, Paul, Yuemei Ji. In this Commentary, Paul De Grauwe and Yuemei Ji provide evidence to suggest that movements in the spreads in the eurozone – i.e. the difference between national government bond rates and the German rate – between 2010 and the middle of 2012, when the ECB announced its OMT (outright monetary […]