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Income Taxation of U.S. Households: Facts and Parametric Estimates

Guner, Nezih; Kaygusuz, Remzi; Ventura, Gustavo - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

We use micro data from the U.S. Internal Revenue Service to document how Federal Income tax liabilities vary with … children. We also provide multiple parametric estimates of tax functions for use in applied work in macroeconomics and public …

Persistent link: https://www.econbiz.de/10010851432

Childcare Subsidies and Household Labor Supply

Guner, Nezih; Kaygusuz, Remzi; Ventura, Gustavo - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

What would be the aggregate effects of adopting a more generous and universal childcare subsidy program in the U.S.? We answer this question in a life-cycle equilibrium model with heterogeneous married and single households with three key features: (i) joint labor-supply of married households...

Persistent link: https://www.econbiz.de/10010851495

On the Optimal Progressivity of the Income Tax Code

Conesa, Juan Carlos; Krueger, Dirk - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

This paper computes the optimal progressivity of the income tax code in a dynamic general equilibrium model with …. A progressive tax system serves as a partial substitute for missing insurance markets and enhances an equal distribution … of economic welfare. These beneficial effects of a progressive tax system have to be traded off against the efficiency …

Persistent link: https://www.econbiz.de/10010547108

Prime Property Institutions for a Subprime Era: Exploring Innovative Models of Residential Development and Finance

Arruñada, Benito; Lehavi, Amnon - Barcelona Graduate School of Economics (Barcelona GSE) - 2010

This paper breaks new ground toward contractual and institutional innovation in models of homeownership, equity building, and mortgage enforcement. Inspired by recent developments in the affordable housing sector and in other types of public financing schemes, this paper suggests extending...

Persistent link: https://www.econbiz.de/10010547403

Fiscal Foresight, Forecast Revisions and the Effects of Government Spending in the Open Economy

Gambetti, Luca - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

This paper investigates the effects of government spending on the real exchange rate and the trade balance in the US using a new VAR identification procedure based on spending forecast revisions. I find that the real exchange rate appreciates and the trade balance deteriorates after a government...

Persistent link: https://www.econbiz.de/10010851329

Shocking Policy Coefficients

Gambetti, Luca - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

This paper proposes an empirical framework to study the effects of a policy regime change defined as an unpredictable and permanent change in the policy parameters. In particular I show how to make conditional forecast and perform impulse response functions and counterfactual analysis. As an...

Persistent link: https://www.econbiz.de/10010851488

Government Debt Management: The Long and the Short of It

Faraglia, Elisa; Marcet, Albert; Oikonomou, Rigas; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

bonds help offset this by smoothing out interest payments and tax rates. The same reasoning helps explain why governments …

Persistent link: https://www.econbiz.de/10011095069

Debt and Deficit Fluctuations and the Structure of Bond Markets

Marcet, Albert; Scott, Andrew - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

ability of competing optimal tax models to account for this behaviour. We show that when a government pursues an optimal tax …

Persistent link: https://www.econbiz.de/10010547115

Aspirations, Habit Formation, and Bequest Motive

Alonso-Carrera, Jaime; Caballe, Jordi; Raurich, Xavier - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

We analyze how the presence of endogenous preferences affects the altruistic bequest motive from parents to children. We will show that the existence of habits raises the threshold value of the intergenerational discount factor above which altruistic bequests are positive, while aspiration...

Persistent link: https://www.econbiz.de/10010547134

Fiscal Policy, Foresight and the Trade Balance in the U.S

Gambetti, Luca - Barcelona Graduate School of Economics (Barcelona GSE) - 2010

This paper investigates the eﬀects of ﬁscal policy on the trade balance using a structural factor model. A ﬁscal policy shock worsens the trade balance and produces an appreciation of the domestic currency but the eﬀects are quantitatively small. The ﬁndings match the theoretical...

Persistent link: https://www.econbiz.de/10010547152