Calendrier du 15 septembre 2023
EU Tax Observatory Seminar
Du 15/09/2023 de 12:00 à 13:00
Salle R1-14
PAPPADà Francesco (PSE)
Rethinking the Informal Economy and the Hugo Effect
écrit avec Kenneth Rogoff
This paper offers a new approach to measuring the size of the informal economy based on VAT data for the European Union. Although data intensive, our EVADE measure is simpler and more transparent than existing measures. EVADE also shows more variation across countries of Europe than earlier measures, including significantly higher informality in Greece, Italy and Spain, for example. Moreover, we find considerably higher variation within countries across time; in a cross-country time series regression, controlling for tax rates, we con- firm that the informal economy grows significantly in recessions and decreases in booms, which we term the “Hugo effect”.
EPCI (Economie politique du changement institutionnel) Seminar
Du 15/09/2023 de 11:00 à 12:00
MSE à Paris 1. Salle S18
JABKO Nicolas ()
The politics of monetary regime change
From the 1970s through the 2010s, changes in monetary regime change occurred against a background of important changes in political economy. This paper links the movement from tight money to easy money with the waxing and waning of technocratic neoliberalism. Central bankers’ evolving practices cannot be merely understood as economic learning, since they were attuned to political realities as well as to changing ideas in the economics profession. Neither were these practices simply determined by the ideological environment or the institutional structures in which central bankers operated, since they enjoyed broad autonomy in interpreting institutional rules and in deploying new policy tools. Central bankers acted within the boundaries of their relatively narrow mandates; and at the same time they were highly creative in overcoming the limits of their assigned role. After focusing on the changing repertoires that central bankers perform, I turn to the consequences of these changing repertoires for changes in monetary regimes and in political economy