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An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Blanchard, Olivier - 1999

This paper characterizes the dynamic effects of shocks in government spending and taxes on economic activity in the … the automatic response of taxes and spending to activity, and, by implication, to infer fiscal shocks. The results … negative effect. The multipliers for both spending and tax shocks are typically small. Turning to the effects of taxes and …

Persistent link: https://www.econbiz.de/10012471521

Real Estate and the Tax Reform Act of 1986

Hendershott, Patric H. - 1986

In contrast to the conventional wisdom, real estate activity in the aggregate is not disfavored by the 1986 Tax Act. Within the broad aggregate, however, widely different impacts are to be expected. Regular rental and commercial activity will be slightly disfavored, while historic and old...

Persistent link: https://www.econbiz.de/10012476971

Tax Policy and Stock Prices

Downs, Thomas - 1986

Windfall profits and losses accrue to investors only when expected after-tax returns or discount rates change, and major tax policy shifts are likely to alter these variables. This study introduces a cashflow valuation model for estimating the windfalls to owners of U.S. nonfinancial...

Persistent link: https://www.econbiz.de/10012476975

The Administration Tax Reform Proposal and Housing

Hendershott, Patric H. - 1985

loss of deductibility of property taxes -- on owner-occupied housing in the aggregate. However, this housing will generally …

Persistent link: https://www.econbiz.de/10012477339

Tax Reform and Financial Markets

Hendershott, Patric H. - 1985

incentives and marginal tax rates would tend to lower before-tax interest rates, and lower taxes on existing corporate capital …

Persistent link: https://www.econbiz.de/10012477373

Trading and the Tax Shelter Value of Depreciable Real Estate

Hendershott, Patric H. - 1984

maximizing the property's depreciation tax shelter net of all capital gain taxes and transaction costs.This paper develops a …

Persistent link: https://www.econbiz.de/10012477830

The Impacts on Capital Allocation of Some Aspects of the Economic Recovery Tax Act of 1981

Hendershott, Patric H. - 1981

aggregate saving, real pretax interest rates rise by nearly two percentage points. Corporate profit taxes decline by 60 percent …

Persistent link: https://www.econbiz.de/10012478286

The Effects of Tax Shocks on Output : Not So Large, But Not Small Either

Perotti, Roberto - 2011

percentage point of GDP increase in taxes leads to a decline in GDP by about 1.5 percentage points after 3 years. I also create … between different types of taxes (personal, corporate, indirect, and social security) and their subcomponents …

Persistent link: https://www.econbiz.de/10012461871

Informal Taxation

Olken, Benjamin A. - 2009

pay more, but pay less in percentage terms, and informal taxes are more regressive than formal taxes. Failing to include …

Persistent link: https://www.econbiz.de/10012463428

The Effect of Anticipated Tax Changes on Intertemporal Labor Supply and the Realization of Taxable Income

Looney, Adam - 2006

We use anticipated changes in tax rates associated with changes in family composition to estimate intertemporal labor supply elasticities and elasticities of taxable income with respect to the net-of-tax wage rate. Changes in the ages of children can affect marginal tax rates through provisions...

Persistent link: https://www.econbiz.de/10012466248