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, marginal and intra-marginal taxation, and the level of government consumption. Conventional accounting measures of "taxes …
Persistent link: https://www.econbiz.de/10012477793
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
Higher corporate taxes reduce corporate business operations, replacing them with operations by noncorporate businesses … higher corporate taxes can increase income inequality even when the corporate tax burden falls entirely on capital owned …
Persistent link: https://www.econbiz.de/10012482159
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
--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
econometrician's information sets in estimated VARs. Economically meaningful shocks to taxes, therefore, cannot be extracted from …
Persistent link: https://www.econbiz.de/10012464619
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
income, corporate income, payroll, and estate and gift taxes with a 23 percent effective retail sales tax plus a progressive … rebate. The 23 percent rate generates more revenue than the taxes it replaces, but the rebate's cost necessitates scaling … here, current effective marginal labor taxes are higher or much higher than 23 percent. Take our stylized 45 year …
Persistent link: https://www.econbiz.de/10012466840
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
countries with whom Japan has agreements are entitled to claim foreign tax credits for income taxes that they would have paid to …
Persistent link: https://www.econbiz.de/10012472085