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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, 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

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

Notes on the Tax Treatment of Structures

Gordon, Roger H. - 1986

More than three quarters of the United States tangible capital stock represents structures. Tax policies potentially have a major impact on both the level and composition of investment in structures and equipment. This point is explicitly recognized in most discussions of the effects of capital...

Persistent link: https://www.econbiz.de/10012477179

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

Domestic Tax Policy and the Foreign Sector : The Importance of Alternative Foreign Sector Formulations to Results from a General Equilibrium

Goulder, Lawrence H. - 1982

There is a growing recognition among public finance economists of the inappropriateness of closed economy models for analyzing alternative U.S. tax policies. In response to this, this paper reports on four different external sector specifications for the Fullerton-Shoven-Whalley general...

Persistent link: https://www.econbiz.de/10012478189

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

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