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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

Do Tax Cuts Starve the Beast : The Effect of Tax Changes on Government Spending

Romer, Christina D. - 2007

The hypothesis that decreases in taxes reduce future government spending is often cited as a reason for cutting taxes …. However, because taxes change for many reasons, examinations of the relationship between overall measures of taxation and …

Persistent link: https://www.econbiz.de/10012465098

The Macroeconomic Effects of Tax Changes : Estimates Based on a New Measure of Fiscal Shocks

Romer, Christina D. - 2007

This paper investigates the impact of changes in the level of taxation on economic activity. We use the narrative record -- presidential speeches, executive-branch documents, and Congressional reports -- to identify the size, timing, and principal motivation for all major postwar tax policy...

Persistent link: https://www.econbiz.de/10012465388

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

The Incentive Effects of Marginal Tax Rates : Evidence from the Interwar Era

Romer, Christina D. - 2012

taxable income using time-series/cross-section analysis of data on income and taxes by small slices of the income distribution …

Persistent link: https://www.econbiz.de/10012460799