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This paper presents a new measure of aggregate trade restrictions (MATR) using data from the International Monetary Fund's Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is strongly correlated with existing measures of trade restrictiveness but is more comprehensive in...
Persistent link: https://www.econbiz.de/10014316167
studies for profit-related taxes and are slightly lower for value-added taxes, whereas the long-run elasticity for wage taxes …
Persistent link: https://www.econbiz.de/10009625561
I estimate permanent and transitory tax-price and income elasticity of charitable giving in Germany using a rich panel … the permanent tax-price elasticity varies significantly by income class, ranging from -0.2 for low incomes to -1.6 for … higher incomes. Permanent income elasticity does not vary much among income classes, is rather low, and ranges between 0 …
Persistent link: https://www.econbiz.de/10010237654
This paper provides new empirical insights on the elasticity of taxable income for Germany. Using a rich panel of …), this dynamic model delivers significant smaller estimates of the elasticity of taxable income. The overall estimate is 0 … married and single assessed taxpayers with an elasticity of 0.17 for single and 0.44 for married taxpayers. These elasticities …
Persistent link: https://www.econbiz.de/10010473165
We study nominal GDP targeting as optimal monetary policy in a model with a credit market friction following Azariadis, Bullard, Singh and Suda (2018), henceforth ABSS. As in ABSS, the macroeconomy we study has considerable income inequality which gives rise to a large private sector credit...
Persistent link: https://www.econbiz.de/10011691592
Persistent link: https://www.econbiz.de/10013348004
to the elimination of tariffs and cuts in non-tariff measures by 25%, is in the range of 1% to 4% of initial consumption …, depending on the parameterization. The welfare gain increases in the elasticity of substitution between domestic and foreign …
Persistent link: https://www.econbiz.de/10011527321
Persistent link: https://www.econbiz.de/10003203533
Persistent link: https://www.econbiz.de/10011928024
negative direct effect of US tariffs on US imports from China, but (2) do not find evidence for significant short-run trade …
Persistent link: https://www.econbiz.de/10012146302