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Social Security Tax Reform and Unemployment : A General Equilibrium Analysis for France

International Monetary Fund - 1997

large an effect on employment as untargeted reductions for equal initial budgetary cost, while employee social security tax … reductions have a negative effect on employment. They also point to the presence of “self-financing,” whereby reductions in … various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …

Persistent link: https://www.econbiz.de/10014401626

Exploring the output effect of fiscal policy shocks in low income countries

Honda, Jiro; Miyamoto, Hiroaki; Taniguchi, Mina - 2020

What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...

Persistent link: https://www.econbiz.de/10012252736

Do Taxes Matter for Long-Run Growth? : Harberger's Superneutrality Conjecture

Asea, Patrick K. - 1995

Harberger’s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects investment and growth, in practice growth effects of taxation are negligible. This paper provides evidence in support of this view by testing the predictions of endogenous...

Persistent link: https://www.econbiz.de/10014395798

Tax Smoothing in a Financially Repressed Economy : Evidence From India

Cashin, Paul - 1998

India has a long history of running fiscal deficits. Two broad considerations motivate a government to run a deficit: tax smoothing and tax tilting. This paper tests a version of Barro’s tax-smoothing model, using Indian data for the period 1951-52 to 1996-97. The empirical results indicate...

Persistent link: https://www.econbiz.de/10014401306

Relative Prices, Economic Growth and Tax Policy

Sarel, Michael - 1995

This paper examines the role of relative prices in economic growth and the possibility that relative prices are (or can be) partly determined by tax policy. In the opening section, the paper links relative prices to tax policy. Using an extension to a standard model of economic growth, it...

Persistent link: https://www.econbiz.de/10014398005

External Shocks, the Real Exchange Rate, and Tax Policy

Tokarick, Stephen - 1994

This paper uses a computable general equilibrium model of the economy of Trinidad and Tobago to assess the effects of trade liberalization and terms-of-trade shocks on the real exchange rate and the overall fiscal position of the government. The model is also used to evaluate the implications of...

Persistent link: https://www.econbiz.de/10014398103

Taxes and the Price Level : A Further Examination of the PPP Hypothesis

Kleiman, Ephraim - 1993

The effects of taxation on the general price level have traditionally been regarded as reflecting monetary policy, rather than fiscal factors. This view abstracted from the possible endogeneity of monetary expansion with respect to tax hikes, and from the effects which taxation may have on the...

Persistent link: https://www.econbiz.de/10014398726

Countercyclical fiscal policy and gender employment gap : evidence from the G-7 countries

Akitoby, Bernardin; Honda, Jiro; Miyamoto, Hiroaki - 2019

Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to … this question by exploring the state-dependent impact of fiscal spending shocks on employment by gender in the G-7 … would, on average, lift female employment by 1 percent, while increasing male employment by 0.6 percent. Consequently such a …

Persistent link: https://www.econbiz.de/10012001474

Effective trade costs and the current account : an empirical analysis

Boz, Emine; Li, Nan; Zhang, Hongrui - 2019

A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries...

Persistent link: https://www.econbiz.de/10012001519

Cyclical Effects of the Composition of Government Purchases

Aziz, Jahangir - 1997

effects on output, employment, and welfare can be significant …

Persistent link: https://www.econbiz.de/10014400420