Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


Will Monetary Union Become Fiscal Union? The Incoming New Personnel will Influence the Timing and Required Power Shifts.

Will Monetary Union Become Fiscal Union? The Incoming New Personnel will Influence the Timing and Required Power Shifts.

Property Taxes in OECD Countries

Property Taxes in OECD Countries


Eastern Europe 30 Years After Revolution

Eastern Europe 30 Years After Revolution

IREF Workshop and Conference: Aix-Marseille University

IREF Workshop and Conference: Aix-Marseille University

May 24th, 2019


Can The Market Stop Populism?

Can The Market Stop Populism?

Taxing Artificial Intelligence

Taxing Artificial Intelligence

By Julian Arndts and Kalle Kappner


Latest publications

To Follow Or Not To Follow The Herd? Transparency And Social Norm Nudges
By Elena Kantorowicz-Reznichenko and Jaroslaw Kantorowicz

To Follow Or Not To Follow The Herd? Transparency And Social Norm NudgesWP 2019-04.

Vehicle-Specific CO2 Emission Caps: An Outdated Policy Tool

Vehicle-Specific CO2 Emission Caps: An Outdated Policy ToolCO2 emission limits and targets are currently all over the news. For example, the European Union is gradually strengthening the environmental standards for new vehicles, with a view to reducing greenhouse gas emissions by 60% by 2050. These emission targets, however, could be reached more (...)

The ECB Is Getting Out Of Kilter With The Federal Reserve

The ECB Is Getting Out Of Kilter With The Federal ReserveThe ECB is under twin pressures, both of which are only likely to increase. Firstly, with interest rates stuck at minus 0.4% ECB policy is diverging from Fed policy; secondly, problems with Europe’s banking look likely to be highlighted soon by the ECB’s Supervisory Board.
A) Interest Rate (...)

Freedom of the Press and the Rule of Law: A Necessary Marriage

Freedom of the Press and the Rule of Law: A Necessary MarriagePress freedom in Europe is more fragile now than at any time since the end of the Cold War». This pessimistic and rather surprising statement appears at the beginning of the 2019 Annual Report published by the Council of Europe, which is the continent’s leading human rights organisation, (...)

The Politicised Nature of European Competition Policy

The Politicised Nature of European Competition PolicyA merger between the German conglomerate Siemens and French rail firm Alstom was blocked by the European Commission at the beginning of February over concerns that the new European rail giant would raise costs to consumers and stifle competition in transport. Less than two weeks later, the (...)

Representation in Democracies: Unequal and Unfair?

Representation in Democracies: Unequal and Unfair? In light of increasing income inequality and wealth inequality in many Western democracies, some social scientists believe that democracy is in jeopardy. Do the rich have a disproportionally high influence on political decisions – in contrast with the ideal of equal representation of all voters? (...)

Synthetic Control and Extended Critics

Synthetic Control and Extended CriticsThe recent paper “20 Years of the Euro: Winners and Losers” by Gasparotti & Kullas estimates that the introduction of the euro increased the pro-capita income in Germany and the Netherlands, while it impoverished the other EMU members. Critics have poured on the statistical technique. In our (...)

More Euro Deepening – The Currency

More Euro Deepening – The CurrencyLatest Political Developments
Given the media’s focus on the March 29th Brexit date, the views of present and former EU political leaders captivated recent mainstream media. Former Italian prime minister Paolo Gentiloni called Brexit ‘the biggest mistake by a European country since the war’. (...)

Financial vs Business: What Cycle Comes First?

Financial vs Business: What Cycle Comes First?It is common opinion that financial cycles generate business cycles and crises, and that central banks intervene to sterilise this causal link. But there are reasons to doubt both statements.

The Consequences of Future ECB Policies for Banking

The Consequences of Future ECB Policies for BankingIn January, there were two interesting speeches by senior ECB figures which provided some insight as to likely future policy.
Speaking at an event in Riga to commemorate the fifth anniversary of Latvia’s adoption of the euro, ECB vice president Luis de Guindos (also a former Finance Minister (...)

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