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Spend Now, Pay Later? : Tax Smoothing and Fiscal Sustainability in South Asia

International Monetary Fund - 1999

This paper tests a version of Barro’s tax-smoothing model, which assumes intertemporal optimization by a government seeking to minimize the distortionary costs of taxation, using Pakistan and Sri Lankan data for 1956-95 and 1964-97, respectively. The empirical results indicate that...

Persistent link: https://www.econbiz.de/10014400655

Tax Policy and National Savings in the United States: A Survey

International Monetary Fund - 1988

This paper explores how tax policy affects the level and allocation of national savings in the United States. It argues … composition of savings and investment. The paper suggests various specific tax measures that would not only raise government … revenue but also enhance the efficiency of savings and investment …

Persistent link: https://www.econbiz.de/10014395849

Social Security Tax Reform and Unemployment : A General Equilibrium Analysis for France

International Monetary Fund - 1997

This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the French economy. The simulation results indicate that targeted reductions in employer social security taxes have six times as large an effect on employment as untargeted reductions...

Persistent link: https://www.econbiz.de/10014401626

Distributional Implications of Government Tax and Expenditure Policies : Issues, Problems, and Methodology

International Monetary Fund - 1988

This paper examines the methodological issues arising in the measurement of the distributional impact of tax and expenditure policies, with emphasis on the problems related to the measurement of the impact of adjustment programs on the welfare of the poor. Both conceptual and empirical...

Persistent link: https://www.econbiz.de/10014396116

Tax Credits for Debt Reduction : A Proposal

International Monetary Fund - 1989

The incentives for domestic investment in debtor countries are influenced by the terms of their external obligations and by the system of taxation utilized to provide government revenue for debt payments. It is well known that existing debt contracts could be altered to improve the incentives...

Persistent link: https://www.econbiz.de/10014396221

Case for Earmarked Taxes : Theory and Example

International Monetary Fund - 1988

The earmarking (or setting aside) of revenues from various taxes for specific types of expenditure is a much maligned fiscal practice. The paper examines a number of theoretical arguments and institutional circumstances under which earmarking (even widespread earmarking) may be welfare...

Persistent link: https://www.econbiz.de/10014396276

Fiscal Policy. Locational Decisions, and Exchange Rates

International Monetary Fund - 1989

The paper distinguishes between three different channels through which fiscal policy changes may be transmitted to exchange rates. Based on both the balance of payments identity and empirical observations, it is argued that trade balances and exchange rates may be quite responsive to changes in...

Persistent link: https://www.econbiz.de/10014396476