Similar Search Results

Tax Aspects of Policy Towards Aging Populations : Canada and the United States

Auerbach, Alan J. - 2011

This paper uses the Auerbach-Kotlikoff Dynamic Simulation Model to compare the projected demographic transitions in Canada and the United States. The simulation model determines the perfect foresight transition path of an economy in which individuals live to age 75. The model's preferences are...

Persistent link: https://www.econbiz.de/10013126200

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

Investment in Energy Infrastructure and the Tax Code

Metcalf, Gilbert E. - 2014

Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective tax rates vary widely across investment classes. I then consider...

Persistent link: https://www.econbiz.de/10013070671

Tax Policies for Low-Carbon Technologies

Metcalf, Gilbert E. - 2010

key policy goals with subsidies as opposed to using taxes to raise the price of pollution-related activities. In …

Persistent link: https://www.econbiz.de/10013152559

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

Federal Taxation and the Supply of State Debt

Metcalf, Gilbert E. - 2007

This paper presents a model of debt finance at the sub-national level from which municipal bond supply equations are derived. Federal tax considerations are shown to be important determinants of the price entering the bond supply equation. Using data on 40 state governments over a seven year...

Persistent link: https://www.econbiz.de/10012777116

Federal Tax Policy Towards Energy

Metcalf, Gilbert E. - 2007

On Aug. 8, 2005, President Bush signed the Energy Policy Act of 2005 (PL 109-58). This was the first major piece of energy legislation enacted since 1992 following five years of Congressional efforts to pass energy legislation. Among other things, the law contains tax incentives worth over $14...

Persistent link: https://www.econbiz.de/10012778276

Comparing Average and Marginal Tax Rates Under the Fairtax and the Current System of Federal Taxation

Kotlikoff, Laurence J. - 2007

income, corporate income, payroll, and estate and gift taxes with a 23 percent effective retail sales tax plus a progressive … rebate. The 23 percent rate generates more revenue than the taxes it replaces, but the rebate's cost necessitates scaling … here, current effective marginal labor taxes are higher or much higher than 23 percent. Take our stylized 45 year …

Persistent link: https://www.econbiz.de/10012778621

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

Taxation and Savings - a Neoclassical Perspective

Kotlikoff, Laurence J. - 2021

, marginal and intra-marginal taxation, and the level of government consumption. Conventional accounting measures of "taxes …

Persistent link: https://www.econbiz.de/10013218436