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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

New Results on the Effects of Tax Policy on the International Location of Investment

Boskin, Michael J. - 1986

We study the effects of tax laws on foreign direct investment (FDI) and direct investment abroad (DIA), distinguishing in each case between investment financed by retained earnings and investment financed by transfers from abroad. We find that tax policy, through its effect on the rate-of-return...

Persistent link: https://www.econbiz.de/10012477214

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

How large are the effects of tax changes?

Favero, Carlo - 2009

We use the time series of shifts in U.S. Federal tax liabilities constructed by Romer and Romer to estimate tax multipliers. Differently from the single-equation approach adopted by Romer and Romer, our estimation strategy (a Var that includes output, government spending and revenues, inflation...

Persistent link: https://www.econbiz.de/10012463347

Modeling Great Depressions : The Depression in Finland in the 1990s

Conesa, Juan Carlos - 2007

combination of a drop in total factor productivity (TFP) during 1990-92 and of increases in taxes on labor and consumption and …

Persistent link: https://www.econbiz.de/10012465055

What do we know about the effects of Austerity?

Alesina, Alberto F. - 2018

This paper summarizes the results of a large recent literature on multi year fiscal plans for deficit reduction (austerity). The key results are that deficit reduction policies based upon spending cuts are much less costly in terms of short run output losses than tax based adjustments. On...

Persistent link: https://www.econbiz.de/10012453468

Productivity, Taxes, and Hours Worked in Spain : 1970–2015

Conesa, Juan Carlos - 2017

accounted for by the evolution of taxes in an otherwise standard neoclassical growth model. Although taxes play a crucial role …, we cannot argue that taxes drive all of the movements in hours worked. In particular, the model underpredicts the large …

Persistent link: https://www.econbiz.de/10012455090

The Output Effect of Fiscal Consolidations

Alesina, Alberto - 2012

The present paper argues that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of fiscal plans rather than of individual fiscal shocks. The simulation of the fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the...

Persistent link: https://www.econbiz.de/10012460328

Preemptive Austerity with Rollover Risk

Conesa, Juan Carlos; Kehoe, Timothy Jerome - National Bureau of Economic Research - 2023

By preemptive austerity, we mean a policy that increases taxes to deter potential rollover crises. The policy is so … eliminates the danger. Mechanically, high taxes make the safe zone in the model -- the set of sovereign debt levels for which the … reduce the level of debt to a point where, asymptotically, high taxes are no longer necessary …

Persistent link: https://www.econbiz.de/10014436959