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[0, ki] 1^m-Factorizations Orthogonal to a Subgraph by Ma R., Xu J., Gao H. PDF

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By Ma R., Xu J., Gao H.

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It is apparent that along with the establishment of a credible fixed exchange rate policy and, accordingly, an inflation convergence to the German standard, the interest rate spread has diminished dramatically. The fact that there in periods has been a moderate interest rate spread between Denmark and Germany can be taken to reflect the fact that financial markets do not rule out the possibility of a return to a more inflationary policy, in particular given the Danish opt-out position on Economic and Monetary Union (EMU).

However, when comparing the Danish tax burden with that of other European countries, it should be kept in mind that most EU countries, unlike Denmark, pay transfers on a net-of-tax basis. Another difference has to do with the way households are supported: in some countries this takes the form of deductions from the tax base, whereas in Denmark this is done through direct transfer payments. These factors have been found to account for almost five percentage points of the difference in the gross tax rate between Denmark and Germany (see Ministry of Finance, 1994; Lassen and Nielsen, 1996).

R. Andersen, Velfœrdsstatens Fremtid (Copenhagen: Handelshøjskolens Forlag). Det Økonomiske Råd (Danish Economic Council) (1994) Danish Economy (June). Det Økonomiske Råd (Danish Economic Council) (1997) Danish Economy (Autumn). Economist, The (1997) Guide to Economic Indicators. Emerson, M. (1988) ‘Regulation and deregulation of the labour market: policy regimes for the recruitment and dismissal of employees in the industrialized countries’, European Economic Review, 32(4), pp. 775–817. R. Hansen, H.

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[0, ki] 1^m-Factorizations Orthogonal to a Subgraph by Ma R., Xu J., Gao H.


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