 | Pouring Oil on Fire: Interest Deductibility and Corporate Debt Author/Editor: Pietro Dallari, Nicolas End, Fedor Miryugin, Alexander F Tieman, Reza Yousefi. Release Date:December, 2018 This paper investigates the role of tax incentives towards debt finance in the buildup of leverage in the nonfinancial corporate (NFC) sector, using a large firm-level dataset. We find that so-called more...
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| Fiscal Spillovers in the Euro Area: Letting the Data Speak Author/Editor: Era Dabla-Norris, Pietro Dallari, Tigran Poghosyan. Release Date:November, 2017 We estimate a panel VAR model that captures cross-country, dynamic interlinkages for 10 euro area countries using quarterly data for the period 1999-2016. Our analysis suggests that fiscal spillovers more...
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