issue by estimating “unexplained” changes in tax and social contribution revenues, based on proxies for tax revenue bases … same exercise using alternative tax base proxies, either taken from forecasting models or on the basis of our knowledge of … the tax system in each country. The results show that, in the aggregate, revenue windfalls and shortfalls have exhibited a …

countries using pooled regressions. Fiscal effects are included via after-tax interest rates. Other factors shown to be relevant …

period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level …

results are robust across a range of econometric specifications and labour tax indicators. …

We study the effects on the stock market of a securities transaction tax (STT). In particular, we focus on the recent … taxed and non-taxed stocks both before and after the introduction of the new tax). We find that the new tax widened the bid …

find that tax benefits to homeowners reduce the user cost of housing capital by almost 40 percent compared to the efficient … level under neutral taxation. On average, the tax subsidy translates into an excess consumption of housing services … the tax rebate for mortgage interest payments is driven down by relatively low loanto- value ratios in the data. However …

is necessary if they choose public transportation. Furthermore a tax-deductible flat-rate per kilometer is required if …

Tax collection costs have been advocated in the literature as a reason to deviate from the Friedman rule, in standard … tax depends upon the collection costs parameter and schedule, the interest and scale elasticity of money demand, and the …

models. We show that the optimal policy does not tax money, regardless of whether the government can use the income tax, the … consumption tax, or the two taxes jointly. These results are at odds with recent literature. We argue that the reason for this …