IDEAS home Printed from https://ideas.repec.org/b/ces/ifofob/138.html
   My bibliography  Save this book

The US-Inflation Reduction Act: Global Assessments of Economic Experts

Author

Listed:
  • Klaus Gründler
  • Philipp Heil
  • Niklas Potrafke
  • Timo Wochner

Abstract

According to the experts surveyed, the IRA does not receive much attention from a global perspective. Only in European countries, especially in Western Europe, the topic plays an important role. This is also where concerns about negative effects on the domestic economy as a result of the IRA are greatest. In Germany and France in particular, there are fears of an exodus of companies. A considerable number of experts support a counter-reaction by policymakers. The two most frequently cited recommendations for action are improvements in investment conditions and an adjustment of subsidies or the pursuit of an active industrial policy.

Suggested Citation

  • Klaus Gründler & Philipp Heil & Niklas Potrafke & Timo Wochner, 2023. "The US-Inflation Reduction Act: Global Assessments of Economic Experts," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 138.
    • Handle: RePEc:ces:ifofob:138
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/ifo_Forschungsbericht_138_US_Inflation_Reduction_Acts.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Peter Andrebriq & Carlo Pizzinelli & Christopher Roth & Johannes Wohlfart, 2022. "Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples [Rationally Confused: On the Aggregate Implications of Information Provision Policies]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(6), pages 2958-2991.
    2. Dorine Boumans & Clemens Fuest & Carla Krolage & Klaus Wohlrabe, 2020. "Expected effects of the US tax reform on other countries: global and local survey evidence," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(6), pages 1608-1630, December.
    3. Klaus Gründler & Niklas Potrafke, 2020. "Experts and Epidemics," CESifo Working Paper Series 8556, CESifo.
    4. Thiess Buettner & Michael Overesch & Georg Wamser, 2018. "Anti profit-shifting rules and foreign direct investment," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(3), pages 553-580, June.
    5. Chiara Criscuolo & Ralf Martin & Henry G. Overman & John Van Reenen, 2019. "Some Causal Effects of an Industrial Policy," American Economic Review, American Economic Association, vol. 109(1), pages 48-85, January.
    6. Dorine Boumans & Johanna Garnitz & Günther G. Schulze, 2018. "Who has terror angst? Perceptions of the effects of terror on the world economy," Applied Economics Letters, Taylor & Francis Journals, vol. 25(1), pages 29-33, January.
    7. Becker, Sascha O. & Egger, Peter H. & von Ehrlich, Maximilian, 2010. "Going NUTS: The effect of EU Structural Funds on regional performance," Journal of Public Economics, Elsevier, vol. 94(9-10), pages 578-590, October.
    8. Andreas Baur & Clemens Fuest & David Gstrein & Philipp Heil & Niklas Potrafke & Aurel Rochell, 2023. "The Impact of the U.S. Inflation Reduction Act (IRA) on the German Economy," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 137, October.
    9. Jaedo Choi & Andrei A. Levchenko, 2021. "The Long-Term Effects of Industrial Policy," NBER Working Papers 29263, National Bureau of Economic Research, Inc.
    10. Nathaniel Lane, 2020. "The New Empirics of Industrial Policy," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 209-234, June.
    11. Juan Carlos Suárez Serrato, 2018. "Unintended Consequences of Eliminating Tax Havens," NBER Working Papers 24850, National Bureau of Economic Research, Inc.
    12. Andreas Fuster & Basit Zafar, 2022. "Survey Experiments on Economic Expectations," NBER Working Papers 29750, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Laura Arnemann & Kai A Konrad & Niklas Potrafke, 2021. "Collective memories on the 2010 European debt crisis," European Union Politics, , vol. 22(4), pages 762-784, December.
    2. Cingano, Federico & Palomba, Filippo & Pinotti, Paolo & Rettore, Enrico, 2022. "Making Subsidies Work: Rules vs. Discretion," IZA Discussion Papers 15172, Institute of Labor Economics (IZA).
    3. Giovanni Dosi & Andrea Roventini & Emmanuele Russo, 2020. "Public Policies And The Art Of Catching Up," Working Papers hal-03242369, HAL.
    4. Giovanni Dosi & Andrea Roventini & Emanuele Russo, 2021. "Public policies and the art of catching up: matching the historical evidence with a multicountry agent-based model [Catching up, forging ahead, and falling behind]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(4), pages 1011-1036.
    5. Dorine Boumans & Sebastian Link & Stefan Sauer, 2020. "Covid-19: The World Economy Needs a Lifeline – But Which One?," EconPol Policy Brief 27, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    6. Janne Tukiainen & Sebastian Blesse & Albrecht Bohne & Leonardo M. Giuffrida & Jan Jäässkeläinen & Ari Luukinen & Antti Sieppi, 2021. "What Are the Priorities of Bureaucrats? Evidence from Conjoint Experiments with Procurement Officials," EconPol Working Paper 63, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    7. Marco Di Cataldo, 2016. "Gaining and losing EU Objective 1 funds: Regional development in Britain and the prospect of Brexit," LEQS – LSE 'Europe in Question' Discussion Paper Series 120, European Institute, LSE.
    8. Dorine Boumans & Henrik Müller & Stefan Sauer, 2022. "How Media Content Influences Economic Expectations: Evidence from a Global Expert Survey," ifo Working Paper Series 380, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    9. Einiö, Elias & Overman, Henry G., 2020. "The effects of supporting local business: Evidence from the UK," Regional Science and Urban Economics, Elsevier, vol. 83(C).
    10. Gathmann, Christina & Berlingieri, Francesco & Quinckhardt, Matthias, 2022. "College Openings and Local Economic Development," CEPR Discussion Papers 17374, C.E.P.R. Discussion Papers.
    11. Neumark, David & Simpson, Helen, 2015. "Place-Based Policies," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 1197-1287, Elsevier.
    12. Emilia Landa Shikomba & Elizabeth Elias & Sirorat Ruttanawijit, 2021. "Industry Policy Effects On Namibia'S Economic Growth," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 19(1), pages 13-22, May.
    13. Cerqua, Augusto & Pellegrini, Guido, 2018. "Local policy effects at a time of economic crisis," MPRA Paper 85621, University Library of Munich, Germany.
    14. Nathaniel Lane, 2020. "The New Empirics of Industrial Policy," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 209-234, June.
    15. Gianluca Monturano & Giuliano Resce & Marco Ventura, 2022. "Place-Based Policies and the location of economic activity:evidence from the Italian Strategy for Inner areas," Working Papers in Public Economics 224, University of Rome La Sapienza, Department of Economics and Law.
    16. Lane, Nathaniel, 2016. "Manufacturing Revolutions: Industrial Policy and Industrialization in South Korea," SocArXiv 6tqax, Center for Open Science.
    17. Ku, Hyejin & Schönberg, Uta & Schreiner, Ragnhild C., 2020. "Do place-based tax incentives create jobs?," Journal of Public Economics, Elsevier, vol. 191(C).
    18. Antonio Accetturo & Giuseppe Albanese & Alessio D'Ignazio, 2020. "A new phoenix? Large plants regeneration policies in Italy," Journal of Regional Science, Wiley Blackwell, vol. 60(5), pages 878-902, November.
    19. Peter Mayerhofer & Michael Klien, 2016. "Unternehmensinvestitionen in den österreichischen Bundesländern. Entwicklung – Struktur – Funktion regionaler Förderung," WIFO Studies, WIFO, number 61950, April.
    20. Klaus Gründler & Philipp Heil & Potrafke Niklas & Timo Wochner, 2023. "The Global Impact of the U.S. Inflation Reduction Act: Evidence from an International Expert Survey," EconPol Policy Reports 41, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifofob:138. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.