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The Cost of Public Funding with Direct and Indirect Taxation - a Revisit

Holtsmark, Bjart; Holtsmark, Katinka Kristine - 2021

The paper shows that the marginal cost of public funds (MCF) does not depend on whether public revenue is collected by taxation of consumer goods or income from factors supplied by households on the market. Atkinson and Stern (1974) concluded in their seminal paper that “[...] whether the...

Persistent link: https://www.econbiz.de/10013244242

The Euro Area Government Spending Multiplier in Demand- and Supply-Driven Recessions

Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel; … - 2022

inflation from its trend, implying that the more demand-driven a recession, the higher the multiplier. Median multipliers range … inflation deviations from trend into account …

Persistent link: https://www.econbiz.de/10013292507

Welfare Effects of Indirect Tax Policies in West Africa

Babatoundé, Alain; Capéau, Bart; Houssa, Romain - 2023

In West Africa, the Value Added Tax (VAT) policy consists of a uniform tax rate, but several items consumed by rich and poor households, are exempted. We provide an optimal tax framework to reflect on the welfare effects of such a tariff structure, in the context of current debates on domestic...

Persistent link: https://www.econbiz.de/10014357634

Taxes, Status Goods, and Piracy

Balestrino, Alessandro - 2012

This paper studies the design of indirect redistributive taxation and of corrective taxation, as well as the formation of equilibrium indirect tax policies via a political process, in the presence of status goods, allowing for the possibility that illegal copies of those goods may be purchased...

Persistent link: https://www.econbiz.de/10013111991

Tax Evasion and Competition

Goerke, Laszlo; Runkel, Marco - 2021

Using a Cournot oligopoly model with an endogenous number of firms and evasion of indirect taxes, this paper shows that more intense competition may have the negative side-effect of eroding tax revenues by increasing tax evasion. This will be the case if market entry costs decrease. A similar...

Persistent link: https://www.econbiz.de/10013316822

Can Payroll Tax Cuts Help Firms During Recessions?

Benzarti, Youssef; Harju, Jarkko - 2021

This paper estimates the effect of payroll tax cuts on firm-level employment and balance-sheet outcomes during economic downturns. We use two regional payroll tax cuts in Finland as well as the onset of the Great Recession to estimate the effect of the recession on firms treated by the payroll...

Persistent link: https://www.econbiz.de/10013235100

Dynamic Causal Forests, with an Application to Payroll Tax Incidence in Norway

Gavrilova, Evelina; Langørgen, Audun; Zoutman, Floris T. - 2023

This paper develops a machine-learning method that allows researchers to estimate heterogeneous treatment effects with panel data in a setting with many covariates. Our method, which we name the dynamic causal forest (DCF) method, extends the causal-forest method of Wager and Athey (2018) by...

Persistent link: https://www.econbiz.de/10014346998

Taxing the Gender Gap : Labor Market Effects of a Payroll Tax Cut for Women in Italy

Rubolino, Enrico - 2022

This paper studies the labor market effects of a large employer-borne payroll tax cut for unemployed women, introduced in Italy since 2013. I combine social security data with several empirical approaches, leveraging the time-limited application of the tax scheme and discontinuities in...

Persistent link: https://www.econbiz.de/10013293026

International Food Commodity Prices and Missing (Dis)Inflation in the Euro Area

Peersman, Gert - 2019

This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics …%- 30% of inflation volatility. In addition, large autonomous swings in international food prices contributed significantly … to the twin puzzle of missing disinflation and missing inflation in the era after the Great Recession. Specifically …

Persistent link: https://www.econbiz.de/10012892245

Inflation Persistence in Europe : The Effects of the COVID-19 Pandemic and of the Russia-Ukraine War

Caporale, Guglielmo Maria; Infante, Juan; Gil-Alaña, … - 2022

inflation persistence in both the euro zone and the European Union as a whole (EU27). For this purpose a fractional integration … evidence of a significant increase in inflation persistence (especially in the case of the EU27, for which in addition to jumps …

Persistent link: https://www.econbiz.de/10014242004