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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

Estimating the Revenue Maximizing Top Personal Tax Rate

Lindsey, Lawrence B. - 1985

The idea that marginal tax rates and tax revenue may be inversely related is at least as old as Adam Smith's Wealth of Nations. The emergence of the "Laffer Curve" in the modern public debate on the subject has rekindled interestin this idea. The present paper uses data from the 1982 tax rate...

Persistent link: https://www.econbiz.de/10012477318

Taxpayer Behavior and the Distribution of the 1982 Tax Cut

Lindsey, Lawrence B. - 1985

The Economic Recovery Tax Act of 1981 mandated the most substantial reduction in personal income tax rates since the tax cuts of 1964. The rate reductions stimulated debates about the responsiveness of taxpayers to tax rates and incentives, the magnitude of the foregone revenue, and the...

Persistent link: https://www.econbiz.de/10012477319

The Effect of the Treasury Proposal on Charitable Giving : A Comparison of Constant and Variable Elasticity Models

Lindsey, Lawrence B. - 1985

The recent proposal for tax reform developed by the Department of the Treasury suggests dramatic changes in the structure of the personal income tax. One likely side effect of the changes will be a significant adverse impact on the level of charitable contributions by individuals.This paper...

Persistent link: https://www.econbiz.de/10012477492

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

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

Federal Deductibility of State and Local Taxes : A Test of Public Choiceby Representative Government

Lindsey, Lawrence B. - 1987

This paper considers the impact of federal deductibility on the level and composition of state and local taxes. It also …

Persistent link: https://www.econbiz.de/10012476776

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

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