nep-pub New Economics Papers
on Public Finance
Issue of 2012‒09‒22
two papers chosen by
Kwang Soo Cheong
Johns Hopkins University

  1. Effects of taxation on European multi-nationals’ financing and profits By Stefan Lutz
  2. Australian Fiscal Policy in the Aftermath of the Global Financial Crisis By Ernst Juerg Weber

  1. By: Stefan Lutz
    Date: 2012
  2. By: Ernst Juerg Weber (Business School, University of Western Australia)
    Abstract: The 2012-13 Budget, which provides for an increase in taxes of $ 39 billion and a reduction in expenditures of $ 7 billion, is strongly contractionary, reducing aggregate demand by about 2 per cent. The government deserves praise for starting the process of fiscal consolidation in a possible election year. Still, given the low Australian government debt, there is no pressing need to restore an even budget within one year and a worsening of the economic crisis in Europe will make the budget unattainable.
    Date: 2012

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