There is a lack of clear evidence of the ways in which dividend taxation affects dividend distributions and investment … Finnish dividend tax increase of 2005. This reform creates a useful opportunity to measure enterprise behaviour, since it …-in-differences estimation and matching methods, indicate that dividends declined somewhat in closely held corporations that faced a tax increase …

This paper analyses the optimal taxation of dividends and other types of income from portfolio investment. We show that … dividend income at the household level. A reduction of the tax burden on dividends is therefore merely an undesirable subsidy …, in an open economy, it is not desirable to offer double taxation relief for dividends paid by domestic firms to domestic …

2005 dividend tax increase via changes in their dividend and investment policies. The Finnish capital and corporate income … hike increased their dividend payouts by 10-50 per cent. This increase was not accompanied by a reduction in investment … tax treatment of different types of firms. The estimation results reveal that those firms that anticipated a dividend tax …

debt, also government debt and corporate debt are in some countries at levels not seen before. While there is a common … agreement that these high debt levels are not sustainable there is fewer consensus about the effect of changes in debt and … especially debt levels on aggregate demand. Based on a cross country study of 18 European countries we show that there is a …

This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our … results indicate that, if the debt to GDP ratio is raised and this increase turns out to be permanent, then it will have …

For a sample of sixteen OECD countries over the period 1980-2007 we show that, for given debt-GDP ratio, an increase in … the maturity of the public debt by one year lowers its long-term interest rate by around 20-30 basis points. This effect … is stronger for countries with higher average inflation or debt. …

I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of …-term debt affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped by … revenue losses on inframarginal units of debt that reflect the price impact of these decisions. The model predicts an interior …

What is an optimal or a sustainable external debt - for a country, region or sector? How should one monitor and … evaluate debt to preclude a crisis? We use stochastic optimal control/dynamic programming to derive an optimal debt. The … explain the implications of DP. An explicit example is the US Agricultural debt crisis. …

affiliates reacted by reducing intracompany loans and increasing equity,with no significant evidence of reduced real investment …