Author/Editor: Michal Andrle, Shafik Hebous, Alvar Kangur, Mehdi Raissi.

Release Date:March, 2018

Published in late 2017, the Italian medium-term fiscal plan aims to achieve structural balance by 2020, although concrete, high-quality measures to meet the target are yet to be more...

Author/Editor: Ruud A de Mooij, Shafik Hebous.

Release Date:January, 2017

Tax provisions favoring corporate debt over equity finance (“debt bias”) are widely recognized as a risk to financial stability. This paper explores whether and how thin-capitalization rules, more...

Author/Editor: Shafik Hebous, Tom Zimmermann.

Release Date:March, 2016

We study the effects of federal purchases on firms’ investment using a novel panel dataset that
 combines federal procurement contracts in the United States with key financial more...