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 …

countries with whom Japan has agreements are entitled to claim foreign tax credits for income taxes that they would have paid to …

choices. While taxes appear to influence a wide range of activity, the literature does not offer many subtle tests designed to …

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 …

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

Deferral of U.S. taxes on foreign source income is commonly characterized as a subsidy to foreign investment, as …

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 …