Vietato in nome di Allah: libri e intellettuali messi al bando nel mondo islamico
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In: I draghi
This paper studies the real effects of an exogenous UK tax change in recessions and expansions. The tax shock is identified via the measure proposed by Cloyne (2013). Combining local projection techniques (Jordà, 2005) with smooth transition regressions (Granger and Teräsvirta, 1994), tax policy shock is found to affect UK macroeconomic variables depending on the phase of the business cycle the economy is when tax shock occurs. An exogenous tax cut in recessions triggers a large, persistent, positive, and statistically significant reaction in output, consumption, investment, exports, imports, and government consumption. The results suggest that the output tax multiplier is positive and above one (in absolute value) in recessions but not in expansions. The size and the sign of responses of a number of macroeconomic variables are also found to be state-contingent.
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This paper studies the real effects of an exogenous UK tax change in recessions and expansions. The tax shock is identified via the measure proposed by Cloyne (2013). Combining local projection techniques (Jordà, 2005) with smooth transition regressions (Granger and Teräsvirta, 1994), tax policy shock is found to affect UK macroeconomic variables depending on the phase of the business cycle the economy is when tax shock occurs. An exogenous tax cut in recessions triggers a large, persistent, positive, and statistically significant reaction in output, consumption, investment, exports, imports, and government consumption. The results suggest that the output tax multiplier is positive and above one (in absolute value) in recessions but not in expansions. The size and the sign of responses of a number of macroeconomic variables are also found to be state-contingent.
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In: Quaderni - Working Paper DSE N° 1142
SSRN
Working paper
In: European view: EV, Band 12, Heft 1, S. 143-152
ISSN: 1865-5831
About 5% of the EU's inhabitants identify themselves as Muslims. Thus, there is an increasing presence of Muslims and Islam in European society, and this has caused an increase in their presence in politics. Muslims living in Europe have entered the political arena in different ways, both with Islamic parties and as candidates for the main parties. An analysis of the evolution of Muslim political participation in Europe shows that Islamic parties have largely failed, while politicians with Muslim backgrounds who join parties with no Islamic identity have obtained good results. This means that Muslims with a strong religious identity are still seen as a world apart in Europe, while Muslims who either have a secular identity or who live their faith as a personal belief are considered to be ordinary citizens who people vote for based on their inner qualities, regardless of their religion.
In: Debats / Institució Valenciana d'Estudis i Investigació, Generalitat Valenciana, Diputació Provincial de València, Heft 117, S. 28-33
ISSN: 0212-0585
In: Relazioni internazionali e scienza politica/ ASERI 50
In: Democrazie, diritti, costituzioni
In: CAMA Working Paper No. 72/2020
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Working paper
We investigate the role played by the credit supply shock across the business cycle in the U.S. over the period 1973 - 2018. We estimate a nonlinear VAR including nominal, real, monetary, and financial variables. According to our results, a credit supply shock triggers asymmetric and negative effects on macroeconomic variables. We find that the state-dependent forecast error variance decomposition of industrial production, employment, and inflation due to the shock is from six to eight times larger in recessions than in normal times.
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In: Quaderni - Working Paper DSE N° 1140, 2019
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Working paper
In: Rivista di studi politici internazionali: RSPI, Band 73, Heft 3, S. 460
ISSN: 0035-6611
In: The economic journal: the journal of the Royal Economic Society, Band 125, Heft 584, S. 746-776
ISSN: 1468-0297
In: Melbourne Institute Working Paper No. 26/14
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Working paper
In: Ecotoxicology and environmental safety: EES ; official journal of the International Society of Ecotoxicology and Environmental safety, Band 110, S. 1-7
ISSN: 1090-2414