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Designing a Progressive VAT
Swistak, Artur - 2024
This paper presents a novel approach to addressing VAT regressivity, by proposing the adoption of a progressive VAT: a single-rate, broad-base, VAT, whereby tax paid on consumption is re-paid to lower income households in real-time, at the moment of purchase. Such a system can effectively...
Persistent link: https://www.econbiz.de/10015058549
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Public debt dynamics : the effects of austerity, inflation, and growth shocks
Cherif, Reda; Hasanov, Fuad - 2012
times. An inflation shock only slightly reduces the debt ratio for a few quarters. A positive growth shock unambiguously …
Persistent link: https://www.econbiz.de/10009622446
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U.S. Inflation Dynamics : What Drives Them Over Different Frequencies?
Balakrishnan, Ravi - 2006
Persistent link: https://www.econbiz.de/10012691119
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Does Inflation in China Affect the United States and Japan?.
Willard, Luke - 2006
Inflation -- B. VAR Models -- C. Variable Coefficient Models -- D. Using Subcomponents of CPI -- IV. CONCLUSIONS -- References. …
Persistent link: https://www.econbiz.de/10012691172
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U.S. Inflation Expectations During the Pandemic
Bae, Euihyun - 2024
This paper studies how and why inflation expectations have changed since the emergence of Covid-19. Using micro …-year and five-ten year horizons has widened since the surge of inflation during 2021, along with the mean. Persistently high … adaptive learning is able to mimic the change in inflation expectations over time for different demographic groups. The …
Persistent link: https://www.econbiz.de/10015058699
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Did the U.S. Really Grow Out of Its World War II Debt?
Acalin, Julien - 2024
economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged … inflation and the pre-Accord peg. In this counterfactual, debt/GDP declines only to 74% in 1974, not 23% as in actual history …
Persistent link: https://www.econbiz.de/10015058792
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Understanding U.S. Inflation During the COVID Era
Ball, Laurence - 2022
This paper analyzes the dramatic rise in U.S. inflation since 2020, which we decompose into a rise in core inflation as … measured by the weighted median inflation rate and deviations of headline inflation from core. We explain the rise in core with …-through into core from past shocks to headline inflation. The headline shocks themselves are explained largely by increases in …
Persistent link: https://www.econbiz.de/10015060003
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Designing a Presumptive Income Tax Based on Turnover in Countries with Large Informal Sectors
Wei, Feng - 2023
Turnover (sales) is frequently used in developing countries as a presumptive income tax base, to economize on the costs of tax administration and taxpayer compliance. We construct a simple model where a size threshold separates firms paying turnover tax from those paying profit tax (regular...
Persistent link: https://www.econbiz.de/10015058799
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Dining and Wining During the Pandemic? A Quasi-Experiment on Tax Cuts and Consumer Spending in Lithuania
Cevik, Serhan - 2023
Could temporary tax cuts stimulate consumer spending? Sector-specific measures to the COVID-19 pandemic provides a quasi-experimental variation in consumption patterns to infer a causal effect of tax policy changes. Using a novel dataset of daily debit and credit card transactions, this paper...
Persistent link: https://www.econbiz.de/10015059089
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Personal Income Taxes in the Middle East and North Africa: Prospects and Possibilities
Mansour, Mario - 2023
Personal income taxes (PITs) play little or no role in the Middle East and North Africa, often yielding less than 2 percent of GDP in revenue-with the exception of few North African countries. This paper examines how PITs have evolved in recent decades, and what they might look like in the next...
Persistent link: https://www.econbiz.de/10015059672