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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

Tax Policy and International Competitiveness

Summers, Lawrence H. - 1986

This paper examines the interactions between tax policy, international capitol mobility, and international competitiveness. It demonstrates that tax policies which stimulate national investment without affecting national savings must inevitably lead to deterioration in a country's trade balance...

Persistent link: https://www.econbiz.de/10012477064

Are Tax Cuts Really Expansionary?

Mankiw, N. Gregory - 1984

In this paper, we re-examine the standard analysis of the short-run effect of a personal tax cut. If consumer spending generates more money demand than other components of GNP, then tax cuts may, by increasing the demand for money, depress aggregate demand. We examine a variety of evidence and...

Persistent link: https://www.econbiz.de/10012477645

Tax Policy, the Rate of Return, and Savings

Summers, Lawrence H. - 1982

The theoretical and empirical results in this paper make a strong prima facie case for the proposition that increases in the after tax rate of return caused by tax policy are likely to bring forth significant increases in saving. Theoretical analysis using a variety of standard models tends to...

Persistent link: https://www.econbiz.de/10012478110

Tax Policy and Corporate Investment

Summers, Lawrence H. - 1980

, however, very long. For example, it is estimated that the elimination of capital gains taxes would raise the capital stock by …

Persistent link: https://www.econbiz.de/10012478520

Inflation, Taxation, and Corporate Investment : A q-Theory Approach

Summers, Lawrence H. - 1980

This paper presents an analysis of the effects of tax policy on capital accumulation and valuation based on James Tobin's q theory of investment. As Tobin has explained, aggregate investment can be expected to depend in a stable way on q, the ratio of the stock market valuation of existing...

Persistent link: https://www.econbiz.de/10012478521

Tax Policy in a Life Cycle Model

Summers, Lawrence H. - 1978

This study departs from earlier analyses of the effects of taxes on capital income in several respects. Probably the …

Persistent link: https://www.econbiz.de/10012478848

Corporate Taxation and the Distribution of Income

Hines, James R, Jr - 2020

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

Efficient Fiscal Policy and Amplification

Aguiar, Mark - 2005

endowment shocks. The government's insurance motive generates pro-cyclical taxes on capital income. If the government could …

Persistent link: https://www.econbiz.de/10012467189