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The Macroeconomics of Border Taxes
Barbiero, Omar - 2018
We analyze the dynamic macroeconomic effects of border adjustment taxes, both when they are a feature of corporate tax reform (C-BAT) and for the case of value added taxes (VAT). Our analysis arrives at the following main conclusions. First, C-BAT is unlikely to be neutral at the macroeconomic...
Persistent link: https://www.econbiz.de/10012917034
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Raising Revenue by Limiting Tax Expenditures
Feldstein, Martin S. - 2014
Limiting tax expenditures can raise revenue without increasing marginal tax rates. Such a policy is equivalent to reducing government spending now done as subsidies through the tax code for a wide range of household spending and income. This paper explores one way of limiting tax expenditures: a...
Persistent link: https://www.econbiz.de/10013044006
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On the Possibility of an Inverse Relationship between Tax Rates and Government Revenues
Fullerton, Don - 2021
and empirical models have been the result of particularly high tax rates, high elasticity parameters, or both. Looking at … elasticity. This paper introduces a new curve which summarizes the tax rate and elasticity combinations that result in maximum …/or labor supply elasticity would have to be much higher than most estimates would suggest …
Persistent link: https://www.econbiz.de/10013233785
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Tax Aversion, Deficits and the Tax Rate-Tax Revenue Relationship
Waud, Roger N. - 2021
This paper offers a possible explanation for the existence of continual government budget deficits such as experienced in a number of industrialized countries in recent years. Based on the assumption that higher tax rates cause more intensive tax-aversion behavior (tax avoidance and tax...
Persistent link: https://www.econbiz.de/10013240986
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Debt, Default, and Revenue Structure : The American State Debt Crisis in the Early 1840s
Grinath, Arthur; Wallis, John Joseph; Sylla, Richard - 2021
During the 1820s and 1830s, American state governments made large investments in canals, banks, and railroads. In the early 1840s, nine states defaulted on their debts, four ultimately repudiated all or part of their debts, and three went through substantial renegotiations. This paper examines...
Persistent link: https://www.econbiz.de/10013234402
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Higher Tariffs, Lower Revenues? Analyzing the Fiscal Aspects of the "Great Tariff Debate of 1888"
Irwin, Douglas A. - 2021
results indicate that the tariff and the price elasticity of U.S. import demand during the 1880s below the maximum revenue …
Persistent link: https://www.econbiz.de/10013218904
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How Do Laffer Curves Differ Across Countries?
Trabandt, Mathias - 2012
We seek to understand how Laffer curves differ across countries in the US and the EU-14, thereby providing insights into fiscal limits for government spending and the service of sovereign debt. As an application, we analyze the consequences for the permanent sustainability of current debt...
Persistent link: https://www.econbiz.de/10013110242
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Cigarette Excise Taxation : The Impact of Tax Structure on Prices, Revenues, and Cigarette Smoking
Chaloupka, Frank J. - 2010
The main purpose of this study is to provide empirical evidence on the effects of the cigarette excise tax structure on three outcomes: cigarette prices, government revenues, and cigarette consumption. We composed cross-sectional time-series data for 21 EU countries from year 1998 to 2007 from...
Persistent link: https://www.econbiz.de/10013139133
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The Euro and Fiscal Policy
Fatás, Antonio - 2010
The paper provides and empirical characterization of fiscal policy in the euro area and in a group of twenty-two OECD economies over the period from 1970 until 2007. Using the cyclically-adjusted fiscal balance we document that policy in the euro area has been mildly pro-cyclical. The adoption...
Persistent link: https://www.econbiz.de/10012757871
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Reflections on Americans' Views of the Euro Ex Ante
Feldstein, Martin S. - 2010
This paper was prepared for a session of the 2009 American Economic Association meeting devoted to examining the views of American economists about the euro and the European Economic and Monetary Union on the tenth anniversary of the euro. I had written an article in 1992 in the Economist and...
Persistent link: https://www.econbiz.de/10012757919