Similar Search Results

Debt and Taxes in the Theory of Public Finance

Feldstein, Martin - 1984

If a specified amount of government spending must be financed, how should that finance be divided between taxes and … taxes or capital income).The first section of the present paper shows how the debt-finance advantage of a small increase in …

Persistent link: https://www.econbiz.de/10012477656

Tax Policy Design with Low Interest Rates

Auerbach, Alan J.; Gale, William G. - National Bureau of Economic Research - 2021

and income taxes; (b) make wealth taxes less efficient relative to capital income taxes, at given rates of tax; (c) reduce …

Persistent link: https://www.econbiz.de/10012660030

A q Theory of Government Debt and Taxes

Jiang, Wei; Sargent, Thomas J.; Wang, Neng; Yang, Jinqiang - National Bureau of Economic Research - 2022

An optimal tax and government borrowing plan in a setting with tax distortions (Barro, 1979) locally pin down the marginal cost of servicing government debt, called marginal p. An option to default determines the government's debt capacity and its optimal state-contingent risk management...

Persistent link: https://www.econbiz.de/10013191026

Deficits with Distortionary Taxes : International Dimensions

Frenkel, Jacob A. - 1986

mechanism depend critically on the precise composition of taxes. Specifically, the international effects of budget deficits of a … given size differ sharply according to the types of taxes used to generate the deficit. We show that in determining the … effects of taxes it is useful to divide the various distortionary taxes into two groups: those that stimulate current external …

Persistent link: https://www.econbiz.de/10012476990

Budget Deficits, Tax Rules, and real Interest Rates

Feldstein, Martin - 1986

This paper examines three sources of the fluctuations in real interest rates during the past three decades: changes in budget deficits, changes in tax rules, and changes in monetary policy. The evidence indicates that budget deficits and monetary policy have had a strong influence on the level...

Persistent link: https://www.econbiz.de/10012477102

Tax Aversion, Deficits and the Tax Rate-Tax Revenue Relationship

Waud, Roger N. - 1985

This paper offers a possible explanation for the existence of continual government budget deficits such as experienced in a number of industrialized countries in recent years. Based on the assumption that higher tax rates cause more intensive tax-aversion behavior (tax avoidance and tax...

Persistent link: https://www.econbiz.de/10012477553

How Big is the Tax Advantage to Debt?

Kane, Alex - 1984

This paper uses an option valuation model of the firm to answer the question, "What magnitude tax advantage to debt is consistent with the range of observed corporate debt ratios?" We incorporate into the model differential personal tax rates on capital gains and ordinary income. We conclude...

Persistent link: https://www.econbiz.de/10012477809

Fiscal Policy and Households' Inflation Expectations : Evidence from a Randomized Control Trial

Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - National Bureau of Economic Research - 2021

observing how they revise their expectations about future inflation as well as taxes and government spending. We find that …

Persistent link: https://www.econbiz.de/10012482700

Inflation and the Fiscal Limit

Davig, Troy - 2010

levels by increasing taxes, so either an adjustment to fiscal spending or monetary policy must occur to stabilize debt. We …

Persistent link: https://www.econbiz.de/10012462162

States in Fiscal Distress

Inman, Robert P. - 2010

state deficits and the need to increase state taxes, cut spending, and withdraw funds from state rainy day accounts. The …

Persistent link: https://www.econbiz.de/10012462569