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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, 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

Inflation and the Fiscal Limit

Davig, Troy - 2010

levels by increasing taxes, so either an adjustment to fiscal spending or monetary policy must occur to stabilize debt. We …

Persistent link: https://www.econbiz.de/10012462162

Quantitative Effects of Fiscal Foresight

Leeper, Eric M. - 2010

--government spending and changes in tax policy--and map the news processes into standard DSGE models. We identify news concerning taxes …

Persistent link: https://www.econbiz.de/10012462293

Fiscal Foresight : Analytics and Econometrics

Leeper, Eric M. - 2008

econometrician's information sets in estimated VARs. Economically meaningful shocks to taxes, therefore, cannot be extracted from …

Persistent link: https://www.econbiz.de/10012464619

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

Fiscal Policy and Inflation : Pondering the Imponderables

Leeper, Eric M. - 2003

An asset-pricing perspective on inflation reveals that it depends on current and expected monetary and fiscal policies. There are three ways to carry $1 today into the future: money, bonds, and real assets. That dollar's purchasing power varies inversely with the price level. Expected money...

Persistent link: https://www.econbiz.de/10012469197

Tax Policy, Housing Prices, and Housing Investment

Goulder, Lawrence H. - 1989

This paper employs a general equilibrium model to assess the effects of major components of the Tax Reform Act of 1986 on the performance of housing and other industries. The model considers both short-term and long-term effects on housing demands, house values, and investment in housing. Model...

Persistent link: https://www.econbiz.de/10012476243

Savings Promotion, Investment Promotion, and International Competitiveness

Goulder, Lawrence H. - 1988

In an open economy, savings- and investment-promoting policies may have very different effects on the capital account and on the viability of export-oriented and import-competing industries. The nature of the effects is often ambiguous in analytical models. This paper employs a simulation model...

Persistent link: https://www.econbiz.de/10012476437

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