Short term gain, long term pain? Impact of New Zealand's fiscal stimulus : A dynamic general equilibrium analysis

In this report we use our new dynamic computable general equilibrium model to analyse the impact of the personal tax cuts, cuts to small business taxes, and infrastructure spending that have been announced since late last year. We have assumed in this paper that the Government will need to raise taxes after the economy recovers to deal with the projected budget deficits and worsening net Crown debt.

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Year of publication:	2009-05-13
Authors:	Giesecke, James ; Schilling, Chris
Institutions:	New Zealand Institute of Economic Research
Subject:	CGE modelling \| income taxes \| personal \| New Zealand \| fiscal stimulus

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Extent:	text/html
Series:	NZIER Working Paper.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series NZIER Working Paper Number 2009/3 20 pages
Classification:	C68 - Computable General Equilibrium Models ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H24 - Personal Income and Other Nonbusiness Taxes and Subsidies ; H25 - Business Taxes and Subsidies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010895292