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Modeling Fiscal Policy in the European Union


Janusz Kudla, Konrad Walczyk and Robert Kruszewski

The book discusses optimal fiscal policy for an internationally integrating economy when public borrowing is constrained. Various innovations have been introduced: the agglomeration effect, the fiscal solvency concept, the harmonization of capital income tax base with formula apportionment and transaction tax on financial transactions. Tax structure consists of taxes on labor, capital and consumption, and bonds – the study looks at equilibrium tax rates under international tax competition pressure, and estimates them econometrically. It also offers policy recommendations as a contribution to the discussion about the desired scope of fiscal integration in the European Union.
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Bibliographic Information published by the Deutsche Nationalbibliothek

The Deutsche Nationalbibliothek lists this publication in the Deutsche Nationalbibliografie; detailed bibliographic data is available in the internet at

Library of Congress Cataloging-in-Publication Data

Kudła, Janusz.

Modeling fiscal policy in the European Union / Janusz Kudła, Konrad Walczyk, Robert Kruszewski, Katarzyna Kopczewska, Agata Kocia. — 1 Edition.

pages cm. — (Polish studies in economics ; v. 5)

Includes bibliographical references.

ISBN 978-3-631-65830-7 (Print : alk. paper) — ISBN 978-3-653-05004-2 (E-Book) 1. Fiscal policy—European Union countries. 2. Taxation—European Union countries. 3. Taxation— Econometric models. I. Walczyk, Konrad, 1973- II. Title.

HJ1000.K83 2015


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