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The Output Effect of Fiscal Consolidations

Alesina, Alberto F. - 2012

The present paper argues that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of fiscal plans rather than of individual fiscal shocks. The simulation of the fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the...

Persistent link: https://www.econbiz.de/10013101511

How Large are the Effects of Tax Changes?

Favero, Carlo A. - 2009

We use the time series of shifts in U.S. Federal tax liabilities constructed by Romer and Romer to estimate tax multipliers. Differently from the single-equation approach adopted by Romer and Romer, our estimation strategy (a Var that includes output, government spending and revenues, inflation...

Persistent link: https://www.econbiz.de/10013156671

Political Economy of Ramsey Taxation

Acemoglu, Daron - 2009

We study the dynamic taxation of capital and labor in the Ramsey model under the assumption that taxes and public good … factor of the politician is equal to or greater than that of the citizens, the Chamley-Judd result of zero long-run taxes …

Persistent link: https://www.econbiz.de/10013156673

What Do We Know About the Effects of Austerity?

Alesina, Alberto F. - 2018

This paper summarizes the results of a large recent literature on multi year fiscal plans for deficit reduction (austerity). The key results are that deficit reduction policies based upon spending cuts are much less costly in terms of short run output losses than tax based adjustments. On...

Persistent link: https://www.econbiz.de/10012929010

Institutions, Factor Prices and Taxation : Virtues of Strong States?

Acemoglu, Daron - 2010

Many of the most pernicious economic institutions and policies create entry barriers or manipulate factor prices to transfer resources from entrepreneurs and workers to groups that hold political power. These inefficiencies partly result from the fact that direct and efficient fiscal instruments...

Persistent link: https://www.econbiz.de/10013148384

Does the Us Tax Code Favor Automation?

Acemoglu, Daron; Manera, Andrea; Restrepo, Pascual - 2021

restore the optimal level of automation. If moving to optimal taxes is infeasible, more modest reforms can still increase … workers, reducing employment below its socially optimal level. We additionally show that reducing labor taxes or combining … lower capital taxes with automation taxes can increase employment much more than the uniform reductions in capital taxes …

Persistent link: https://www.econbiz.de/10013312919

College Cost and Time to Complete a Degree : Evidence from Tuition Discontinuities

Garibaldi, Pietro - 2010

Many students enrolled in academic programs around the world take longer to obtain a degree than the normal completion time while college tuition is typically constant during the years of enrollment. In particular, it does not increase when a student remains in a program beyond the normal...

Persistent link: https://www.econbiz.de/10012760426

Retarding Short-Term Capital Inflows Through withholding Tax

Zee, Howell H. - International Monetary Fund (IMF) - 2000

This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital movements on the domestic economy of a country pursuing sound economic policies. The measure is a withholding tax on all private capital inflows, with a credit and refund provision...

Persistent link: https://www.econbiz.de/10005263778

A Superior Hybrid Cash-Flow Taxon Corporations

Zee, Howell H. - International Monetary Fund (IMF) - 2006

This paper proposes a new hybrid cash-flow tax on corporations that, on one hand, taxes only excess corporate profits …

Persistent link: https://www.econbiz.de/10005826259

Tax Policy for Emerging Markets; Developing Countries

Zee, Howell H.; Tanzi, Vito - International Monetary Fund (IMF) - 2000

perspective, which focuses on certain design aspects of selected major taxes, such as the personal income tax, the corporate …

Persistent link: https://www.econbiz.de/10005769236