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Tax structure for consumption and income inequality: An empirical assessment
Alves, José; Afonso, António - In: SERIEs - Journal of the Spanish Economic Association 10 (2019) 3/4, pp. 337-364
In this study, we assess the relationship between several tax items and consumption and income inequality levels. For … levels and consumption. In particular, we obtain threshold values for social security contributions between 9.50 and 11 … firms, in GDP terms, to decrease income inequalities, although that might hamper aggregate consumption. …
Persistent link: https://www.econbiz.de/10014496147
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Tax structure for consumption and income inequality : an empirical assessment
Alves, José; Afonso, António - In: SERIEs : Journal of the Spanish Economic Association 10 (2019) 3/4, pp. 337-364
In this study, we assess the relationship between several tax items and consumption and income inequality levels. For … levels and consumption. In particular, we obtain threshold values for social security contributions between 9.50 and 11 … firms, in GDP terms, to decrease income inequalities, although that might hamper aggregate consumption. …
Persistent link: https://www.econbiz.de/10012179237
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Consumption over the Life Cycle: Some Facts from Consumer Expenditure Survey Data
Krueger, Dirk; Fernandez-Villaverde, Jesus - Society for Economic Dynamics - SED - 2004
consumption, controlling for demographics, cohort and time effects. In addition to documenting profiles for total and nondurable … consumption, we devote special attention to the age expenditure pattern for consumer durables. We find hump-shaped paths over the … that households do not smooth consumption over their lifetimes. This is especially the case for services from consumer …
Persistent link: https://www.econbiz.de/10004970340
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Cross Sectional Facts for Macroeconomists
Krueger, Dirk; Perri, Fabrizio; Pistaferri, Luigi; … - In: Review of Economic Dynamics 13 (2010) 1, pp. 1-14
cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …
Persistent link: https://www.econbiz.de/10008487510
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Fiscal policy and growth: do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10011605263
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Fiscal policy and growth : do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10003983667
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Fiscal Policy and Growth : Do Financial Crises Make a Difference?
Afonso, António; Gruener, Hans Peter; Kolerus, … - 2021
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10013316206
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Fiscal Policy and Growth : Do Financial Crises Make a Difference?
Afonso, António - 2012
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10013112392
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Twin Deficits Revisited : A Role for Fiscal Institutions?
Afonso, António - 2018
We revisit the twin deficit relationship for a sample of 193 countries over the period 1980-2016, using a panel fixed effect (within-group) estimator, bias-corrected least-squares dummy variable, system GMM, and common correlated effects pooled estimation procedures. The analysis accounts also...
Persistent link: https://www.econbiz.de/10012924706
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60 %, -4 % and 6 %, a tale of thresholds for EU fiscal and current account developments
Afonso, António; Coelho, José Carlos - 2021
We study the relationship between the budget balance and the current account balance for European Union(EU) countries, using quarterly data from1995 to2020. Through the use of panel Granger causality tests and a panel SUR model, we conclude that the relationship is bi-directional for the EU...
Persistent link: https://www.econbiz.de/10012649364