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We build a New Keynesian model with imperfectly competitive goods markets and heterogeneous people and examine their impact on fiscal multipliers and on the net increase in output and expenditure caused by fiscal policies, using the balanced budget multiplier. Results show that in highly unequal...
Persistent link: https://www.econbiz.de/10011902288
would expect an equally drastic change to have taken place in the structure of the taxation system. Nevertheless, no such … redistributive) character of the Greek taxation system. The aim of this paper is to provide evidence for this phenomenon from a … political economy perspective. The first section examines the general trends of taxation in Greece during the period 1995 …
Persistent link: https://www.econbiz.de/10011271689
We investigate whether laws restricting fiscal policies across U.S. states lead politicians to adopt more partisan regulatory policy instead. We first show that partisan policy outcomes do exist across U.S. states, with Republicans cutting taxes and spending and Democrats raising them. We then...
Persistent link: https://www.econbiz.de/10011258763
The effect of taxpyers' competition at jurisdictions' local markets on the properties of the tax competition equilibrium is studied. The general equilibrium model is considered with mobile firms acting under monopolistic competition on local markets. It is shown that equilibrium tax rate tends...
Persistent link: https://www.econbiz.de/10011259733
the Green Morocco Plan (GMP), it should be noted that the question of its taxation was not as much in the central concerns …
Persistent link: https://www.econbiz.de/10011259943
structure of the taxation system and its results only changed marginally. The explanation of this paradox lies in the peculiar … distributive (as opposed to redistributive)character of the taxation system. Namely, the fact that the government interventions … and specific social groups, instead of using this surplus to fund a reform of the taxation system aiming at a fairer …
Persistent link: https://www.econbiz.de/10011259965
Notwithstanding the repeated efforts of the European Authorities to harmonize and coordinate countries’ taxation, and … in spite of the effects of international tax competition, in 2009 EA taxation was still far from being homogeneous among … detailed overview of the existing differences, in terms of taxation, among EA Members. Secondly, it aims at examining whether …
Persistent link: https://www.econbiz.de/10011261125
of taxation, levied on bank transactions, was successfully used in Brazil (1993-2007). Based on digital technology, this … significant revenue-raising capacity of bank transactions taxation revived the centuries old ideal of the Single Tax. This book …
Persistent link: https://www.econbiz.de/10005078662
The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the GMM (1991) and GMM system...
Persistent link: https://www.econbiz.de/10009650683
The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...
Persistent link: https://www.econbiz.de/10009220107