Table 11.b: Effects of permanent EU wide fiscal expansion financed by labour income tax
|
GDP |
private |
cons |
invest. |
empl. |
wages |
cons deflator |
GDP |
trade | |
|
DE |
-1.83 |
-2.06 |
-3.22 |
-178 |
-1.82 |
0.15 |
1.69 |
1.86 |
-0.03 |
|
FR |
-1.38 |
-1.65 |
-3.00 |
-1.51 |
-1.30 |
0.08 |
1.38 |
1.40 |
-0.03 |
|
IT |
-0.96 |
-1.11 |
-2.46 |
-1.07 |
-0.89 |
0.03 |
0.98 |
0.97 |
-0.02 |
|
UK |
-0.85 |
-0.93 |
-2.26 |
-0.85 |
-0.84 |
0.04 |
0.87 |
0.85 |
-0.01 |
|
ES |
-0.56 |
-0.64 |
-2.11 |
-0.59 |
-0.53 |
0.03 |
0.62 |
0.56 |
-0.02 |
|
NL |
-1.61 |
-1.80 |
-3.06 |
-1.74 |
-1.51 |
0.03 |
1.68 |
1.64 |
-0.02 |
|
BE |
-1.57 |
-1.78 |
-2.92 |
-1.77 |
-1.44 |
0.00 |
1.55 |
1.60 |
-0.03 |
|
DK |
-1.53 |
-1.94 |
-3.00 |
-1.72 |
-1.43 |
0.12 |
1.36 |
1.55 |
-0.08 |
|
IR |
-1.67 |
-1.86 |
-3.14 |
-1.77 |
-1.59 |
0.05 |
1.71 |
1.70 |
-0.03 |
|
PO |
-0.74 |
-0.90 |
-2.25 |
-0.82 |
-0.69 |
0.05 |
0.63 |
0.75 |
-0.03 |
|
GR |
-0.83 |
-0.93 |
-2.16 |
-0.85 |
-0.80 |
0.04 |
0.78 |
0.83 |
-0.03 |
|
OS |
-0.59 |
-0.67 |
-2.36 |
-0.75 |
-0.50 |
-0.04 |
0.89 |
0.59 |
-0.01 |
|
SW |
-1.04 |
-1.27 |
-2.73 |
-1.19 |
-0.95 |
0.04 |
1.13 |
1.05 |
-0.02 |
|
SF |
-0.92 |
-1.08 |
-2.43 |
-1.02 |
-0.84 |
0.04 |
1.04 |
0.92 |
-0.02 |
|
EU15 |
-1.27 |
-1.46 |
-2.75 |
-1.34 |
-1.19 |
0.07 |
1.22 |
1.25 |
-0.02 |
Note: Percentage difference from base,* GDP deflator at market prices,** trade balance as percentage of GDP (absolute difference from base)
Table 11.c: Effects of permanent EU wide fiscal expansion financed by corporate taxes
|
GDP |
private |
cons |
invest. |
empl. |
wages |
cons |
GDP |
trade | |
|
DE |
-1.81 |
-1.79 |
-2.69 |
-5.34 |
0.14 |
-1.96 |
1.94 |
1.85 |
0.05 |
|
FR |
-1.98 |
-1.95 |
-2.71 |
-5.72 |
0.10 |
-2.09 |
2.02 |
2.02 |
0.06 |
|
IT |
-2.17 |
-2.16 |
-2.59 |
-6.14 |
0.05 |
-2.22 |
2.01 |
2.21 |
0.03 |
|
UK |
-3.53 |
-3.55 |
-2.84 |
-9.38 |
-0.22 |
-3.30 |
2.76 |
3.66 |
-0.06 |
|
ES |
-1.73 |
-1.72 |
-2.17 |
-4.98 |
0.06 |
-1.80 |
1.56 |
1.76 |
0.03 |
|
NL |
-1.93 |
-1.91 |
-2.65 |
-5.65 |
0.13 |
-2.07 |
1.99 |
1.97 |
0.05 |
|
BE |
-2.01 |
-1.98 |
-2.53 |
-5.97 |
0.19 |
-2.21 |
1.95 |
2.05 |
0.04 |
|
DK |
-2.54 |
-2.53 |
-2.90 |
-7.13 |
0.03 |
-2.57 |
2.35 |
2.61 |
0.05 |
|
IR |
-2.00 |
-2.00 |
-2.77 |
-5.56 |
-0.02 |
-1.98 |
2.17 |
2.04 |
0.05 |
|
PO |
-1.93 |
-1.92 |
-1.95 |
-5.46 |
0.03 |
-1.96 |
1.45 |
1.97 |
0.00 |
|
GR |
-1.76 |
-1.76 |
-2.05 |
-5.01 |
0.03 |
-1.80 |
1.50 |
1.80 |
0.02 |
|
OS |
-1.90 |
-1.89 |
-2.32 |
-5.37 |
0.03 |
-1.92 |
1.68 |
1.93 |
0.05 |
|
SW |
-3.62 |
-3.60 |
-3.20 |
-10.10 |
0.07 |
-3.69 |
2.94 |
3.75 |
-0.02 |
|
SF |
-3.12 |
-3.12 |
-3.35 |
-8.73 |
0.03 |
-3.16 |
2.82 |
3.23 |
0.07 |
|
EU15 |
-2.23 |
-2.23 |
-2.66 |
-6.17 |
0.04 |
-2.28 |
2.09 |
2.30 |
0.03 |
Note: Percentage difference from base, * GDP deflator at market prices, ** trade balance as percentage of GDP (absolute difference from base)
Table 11.d: Effects of permanent EU wide fiscal expansion financed by VAT
|
GDP |
private |
cons |
invest. |
empl. |
wages |
cons |
GDP |
trade | |
|
DE |
-0.34 |
-0.38 |
-1.86 |
-0.35 |
-033 |
0.02 |
0.99 |
0.34 |
0.00 |
|
FR |
-0.24 |
-0.28 |
-1.84 |
-0.28 |
-0.22 |
0.00 |
0.94 |
0.24 |
0.00 |
|
IT |
-0.23 |
-0.26 |
-1.71 |
-0.26 |
-0.21 |
0.00 |
0.83 |
0.23 |
0.00 |
|
UK |
-0.22 |
-0.24 |
-1.65 |
-0.23 |
-0.21 |
0.01 |
0.80 |
0.22 |
0.00 |
|
ES |
-0.09 |
-0.11 |
-1.64 |
-0.11 |
-0.08 |
0.00 |
0.73 |
0.09 |
0.00 |
|
NL |
-0.29 |
-0.33 |
-1.71 |
-0.33 |
-0.27 |
0.00 |
0.85 |
0.29 |
0.00 |
|
BE |
-0.19 |
-0.22 |
-1.61 |
-0.23 |
-0.17 |
-0.01 |
0.73 |
0.19 |
0.00 |
|
DK |
-0.33 |
-0.42 |
-1.97 |
-0.38 |
-0.30 |
0.02 |
1.14 |
0.33 |
-0.01 |
|
IR |
-0.39 |
-0.44 |
-1.88 |
-0.43 |
-0.37 |
0.00 |
1.05 |
0.39 |
0.01 |
|
PO |
-0.22 |
-0.27 |
-1.84 |
-0.25 |
-0.20 |
0.01 |
0.94 |
0.22 |
-0.01 |
|
GR |
-0.21 |
-0.24 |
-1.66 |
-0.23 |
-0.20 |
0.00 |
0.80 |
0.22 |
0.00 |
|
OS |
-0.14 |
-0.16 |
-1.74 |
-0.18 |
-0.12 |
-0.01 |
0.86 |
0.14 |
0.00 |
|
SW |
-0.25 |
-0.31 |
-1.84 |
-0.29 |
-0.23 |
0.01 |
1.00 |
0.25 |
0.00 |
|
SF |
-0.25 |
-0.29 |
-1.69 |
-0.28 |
-0.22 |
0.01 |
0.85 |
0.25 |
0.00 |
|
EU15 |
-0.25 |
-0.29 |
-1.77 |
-0.27 |
-0.23 |
0.01 |
0.88 |
0.25 |
0.00 |
Note: Percentage difference from base, * GDP deflator at market prices, ** trade balance as percentage of GDP (absolute difference from base)
30