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Investment in Energy Infrastructure and the Tax Code

Metcalf, Gilbert E. - 2009

Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective tax rates vary widely across investment classes. I then consider...

Persistent link: https://www.econbiz.de/10012463220

Tax Policies for Low-Carbon Technologies

Metcalf, Gilbert E. - 2009

key policy goals with subsidies as opposed to using taxes to raise the price of pollution-related activities. In …

Persistent link: https://www.econbiz.de/10012463596

Analysis of U.S. Greenhouse Gas Tax Proposals

Metcalf, Gilbert E. - 2008

The U.S. Congress is considering a set of bills designed to limit the nation's greenhouse gas (GHG) emissions. This paper complements the analysis by Paltsev et al. (2007) of cap-and-trade bills and applies the MIT Emissions Prediction and Policy Analysis (EPPA) model to carry out an analysis of...

Persistent link: https://www.econbiz.de/10012464666

Using Tax Expenditures to Achieve Energy Policy Goals

Metcalf, Gilbert E. - 2008

Tax expenditures are a major source of support for energy related activities in the federal budget exceeding direct budget support for energy by a factor of nearly six. Focusing on the policy goals of reducing greenhouse gas emissions and petroleum consumption, I find these tax expenditures...

Persistent link: https://www.econbiz.de/10012464894

Federal Tax Policy Towards Energy

Metcalf, Gilbert E. - 2006

On Aug. 8, 2005, President Bush signed the Energy Policy Act of 2005 (PL 109-58). This was the first major piece of energy legislation enacted since 1992 following five years of Congressional efforts to pass energy legislation. Among other things, the law contains tax incentives worth over $14...

Persistent link: https://www.econbiz.de/10012466094

Efficient Fiscal Policy and Amplification

Aguiar, Mark - 2005

endowment shocks. The government's insurance motive generates pro-cyclical taxes on capital income. If the government could …

Persistent link: https://www.econbiz.de/10012467189

Investment with Uncertain Tax Policy : Does Random Tax Policy Discourage Investment?

Hassett, Kevin - 1994

In models with irreversible investment, increasing uncertainty about prices has been shown to increase the required rate of return (hurdle rate) and delay investment (e.g., Pindyck, 1988). One serious form of uncertainty faced by firms, a form that policy makers could conceivably control, is tax...

Persistent link: https://www.econbiz.de/10012474139

The Role of Federal Taxation in the Supply of Municipal Bonds : Evidence From Municipal Governments

Metcalf, Gilbert E. - 1991

This paper considers ways in which federal tax policy affects municipal asset and debt holdings. The tax treatment of municipal bonds and income creates an arbitrage opportunity for communities to issue tax exempt debt and invest in financial assets. I present evidence that suggests the rules in...

Persistent link: https://www.econbiz.de/10012475096

The Macroeconomics of Border Taxes

Barbiero, Omar - 2018

We analyze the dynamic macroeconomic effects of border adjustment taxes, both when they are a feature of corporate tax … reform (C-BAT) and for the case of value added taxes (VAT). Our analysis arrives at the following main conclusions. First, C …. Lastly, border taxes increase government revenues in periods of trade deficit, however, given the net foreign asset position …

Persistent link: https://www.econbiz.de/10012453018

Fiscal Devaluations

Farhi, Emmanuel - 2011

We show that even when the exchange rate cannot be devalued, a small set of conventional fiscal instruments can robustly replicate the real allocations attained under a nominal exchange rate devaluation in a dynamic New Keynesian open economy environment. We perform the analysis under...

Persistent link: https://www.econbiz.de/10012460995