Showing 1 - 10 of 13
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
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
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
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
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
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
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
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 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
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