News Archive

Schattenwirtschaft

How to Incentivize Tax Compliance when Households Demand Services?

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EconPol Forum
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Tax relief for home maintenance services is not an effective means of tackling tax evasion. In Germany, it would cost the government a great deal of money while only marginally improving tax compliance. This is the finding of a survey of just under 2,000 private households in Germany. In total, 55 percent of respondents say that they would request an official invoice even if this didn’t entitle them to tax relief.

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ECB Building Frankfurt

Narratives in ECB Press Conferences

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EconPol Forum
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Communication is essential for central banks. For the European Central Bank (ECB), the press conference immediately after the Governing Council meeting is the primary communication device. It consists of a prepared statement explaining the decision, followed by a Questions and Answers session with journalists. What are the main communication patterns in ECB press conferences?

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