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The Usual Excess-Burden Approximation Usually Doesn't Come Close

Goulder, Lawrence H. - 1999

from taxes on intermediate inputs or consumer goods, and derives a practical alternative to this formula. We use an … analytically tractable general equilibrium model to reveal how interactions with pre-existing taxes in other markets critically … affect the excess burden of new taxes on intermediate inputs or consumer goods. The usual excess-burden formula ignores these …

Persistent link: https://www.econbiz.de/10012471766

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

Tax Policy, Asset Prices, and Growth : A General Equilibrium Analysis

Goulder, Lawrence H. - 1987

This paper presents a multisector general equilibrium model that is capable of providing integrated assessments of the economy's short- and long- run responses to tax policy changes. The model contains an explicit treatment of firm's investment decisions according to which producers exhibit...

Persistent link: https://www.econbiz.de/10012476941

National Savings, Economic Welfare, and the Structure of Taxation

Auerbach, Alan J. - 1981

This paper develops a perfect foresight general equilibrium simulation model of life cycle savings that may be used to investigate the potential impact of a wide range of government policies on national savings and economic welfare. The model can provide quantitative answers to a number of...

Persistent link: https://www.econbiz.de/10012478386

Tax Equivalences and their Implications

Auerbach, Alan J. - 2018

In economic analyses of the effects of tax policies, one commonly encounters discussions of the equivalence of apparently different policies, where equivalence is defined as the policies having the same impact on fundamental economic outcomes. These related tax policies may differ in many...

Persistent link: https://www.econbiz.de/10012480810

Activist Fiscal Policy to Stabilize Economic Activity

Auerbach, Alan J. - 2009

structural vector autoregressions show that lower taxes and higher government purchases can boost output, it is difficult to …

Persistent link: https://www.econbiz.de/10012463242

Understanding U.S. Corporate Tax Losses

Altshuler, Rosanne - 2008

Recent data present a puzzle: the ratio of corporate tax losses to positive income was much higher around 2001 than in earlier recessions. Using a comprehensive 1982-2005 sample of U.S. corporation tax returns, we explore a variety of potential explanations for this surge in tax losses, taking...

Persistent link: https://www.econbiz.de/10012464242

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

The Bush Tax Cut and National Saving

Auerbach, Alan J. - 2002

Following through on pledges made during his election campaign, President Bush proposed and Congress passed a substantial tax cut in 2001, the Economic Growth and Tax Relief Reconciliation Act (EGTRRA). Much has been written about the size of the tax cut, its impact on the federal budget, its...

Persistent link: https://www.econbiz.de/10012469701

Tax Policy and Business Fixed Investment in the United States

Auerbach, Alan J. - 1991

conditions directly affect the incentive to invest. The estimates suggest that taxes have played an independent role in affecting …

Persistent link: https://www.econbiz.de/10012475396