Canada and the United States. The simulation model determines the perfect foresight transition path of an economy in which … handling changes in demographics and fiscal policies, the model can be run for closed or open economies.In comparing Canada … interest rates obtained from the U.S. simulations are then used in the Canadian simulations. In the Canada simulations, Canada …

The tax changes of the 1980s altered the incentives for housing consumption. Marginal tax rate reductions in both the … Economic Recovery Tax Act (1981) and the Tax Reform Act (1986) reduced the attraction of homeownership, particularly at high … income levels. The Tax Reform Act, by lowering depreciation allowances and implementing anti-tax shelter provisions, also …

This paper reports on an applied general equilibrium regional model for Canada which is used to investigate the … regional effects of taxes. Earlier, literature on regional tax effects is reviewed and the main features of the model are … briefly described. Existing literature on regional tax effects is largely non-quantitative, and does not discuss several …

, Saskatchewan and Manitoba, Canada we find a range of new results. We find that the reform-induced shift from producing low-value to …

Researchers considering levels and trends in the resources available to the middle class traditionally measure the pre-tax … cash income of either tax units or households. In this paper, we demonstrate that this choice carries significant … implications for assessing income trends. Focusing on tax units rather than households greatly reduces measured growth in middle …

We propose a model consistent with two observations. First, the tax rates adopted by different countries are generally … their growth performance. In our model, the effects of taxation on growth are highly non-linear. Low or moderate tax rates … have a very small impact on long-run growth rates. But as tax rates rise, their negative impact on growth rises …

without commitment. This policy features a state-contingent macroprudential debt tax that is strictly positive at date t if a …

I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I …. Regulation, tax, and Coasean exchange, such as through cap-and-trade regimes, are presented as substitutes, based on the relative … and tax policies, although these costs have received somewhat more attention with cap and trade regimes. Coasean exchange …

outbound capital flows reflect efforts to bypass home country tax regimes and weak host country investor protections. The cross …-country analysis indicates that a 10% decrease in a foreign country's corporate tax rate increases US investors' equity FPI holdings by … 21%, controlling for effects on FDI. This suggests that the residual tax on foreign multinational firm earnings biases …