Indeed, as fiscal devaluations work (https://t.co/qnM2IJF2QY), current account surplus countries such as Japan or Germany might think of a (budget neutral) fiscal appreciation by e.g. increasing employers' social security contributions and reducing VAT
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RT @MarioHolzner: Just published our article with Marina Tkalec, Maruška Vizek & Goran Vukšić @ Review of World Economics: "#FiscalDevaluat…
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RT @MarioHolzner: Just published our article with Marina Tkalec, Maruška Vizek & Goran Vukšić @ Review of World Economics: "#FiscalDevaluat…
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RT @MarioHolzner: Just published our article with Marina Tkalec, Maruška Vizek & Goran Vukšić @ Review of World Economics: "#FiscalDevaluat…
5,210 followers
Just published our article with Marina Tkalec, Maruška Vizek & Goran Vukšić @ Review of World Economics: "#FiscalDevaluation of a budget-neutral #tax shift of 1% of GDP leads to improvement of bilateral #TradeBalance of 0.3-0.6% of #GDP. Overall: 4.3%"