Similar Search Results

The Impact on Consumption and Saving of Current and Future Fiscal Policies

Carman, Katherine Grace; Gokhale, Jagadeesh; Kotlikoff, … - 2021

This paper uses ESPlannerTM -- a life-cycle, financial planning model -- to investigate the potential impact of alternative fiscal policies on current consumption and saving. Studies to date have examined the response of current consumption to tax-induced temporary and permanent income changes....

Persistent link: https://www.econbiz.de/10013218544

National Savings, Economic Welfare, and the Structure of Taxation

Auerbach, Alan J.; Kotlikoff, Laurence J. - 2021

This paper develops a perfect foresight general equilibrium simulation model of life cycle savings that may be used to investigate the potential impact of a wide range of government policies on national savings and economic welfare. The model can provide quantitative answers to a number of...

Persistent link: https://www.econbiz.de/10013221325

The Output Effect of Fiscal Consolidations

Alesina, Alberto - 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

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

How Regional Differences in Taxes and Public Goods Distort Life Cycle Location Choices

Kotlikoff, Laurence J.; Raffelhüschen, Bernd - 2022

capital income taxes, and each region's supply of public goods. The findings suggest that regional fiscal differences play an …

Persistent link: https://www.econbiz.de/10013322893

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

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 - 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

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