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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

Capital Investment and Labor Demand

Curtis, E. Mark; Garrett, Daniel G.; Ohrn, Eric C.; … - National Bureau of Economic Research - 2021

We study how tax policies that lower the cost of capital impact investment and labor demand. Difference-in-differences estimates using confidential US Census Data on manufacturing establishments show that tax policies increased both investment and employment, but did not lead to wage or...

Persistent link: https://www.econbiz.de/10012696394

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

Tax Policy and Local Labor Market Behavior

Garrett, Daniel G. - 2019

Since 2002, the US government has encouraged business investment using accelerated depreciation policies that significantly reduce investment costs. We provide the first in-depth analysis of this stimulus on employment and earnings. Our local labor markets approach exploits cross-industry...

Persistent link: https://www.econbiz.de/10012479500

The Structure of Business Taxation in China

Chen, Zhao - 2020

2011 from the State Taxation Administration. We first document the importance of different business taxes across industries …. While corporate income taxes play an important role for manufacturing firms, these firms also remit a large share of their … tax payments through the value-added tax system, through the excise tax system and through payroll taxes. Gross receipts …

Persistent link: https://www.econbiz.de/10012482270