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Can Direct and Indirect Taxes Be Added for International Comparisons of Competitiveness?
Sinn, Hans-Werner - 1990
While it is usually argued that direct and indirect taxes should be added for meaningful international comparisons of country competitiveness, this paper argues that the opposite may be true. It is possible that a country with a high value-added tax needs a high capital income tax to maintain...
Persistent link: https://www.econbiz.de/10012475774
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Taxing Consumption and Other Sins
Hines, James R, Jr - 2006
Throughout American history, the U.S. federal and state governments have imposed excise taxes on commodities such as alcohol and tobacco (and more recently, gasoline and firearms). Rates of such "sin" taxation, and consumption taxation broadly (including sales taxes and value-added taxes), are...
Persistent link: https://www.econbiz.de/10012465930
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Globalization and Developing Countries - A Shrinking Tax Base?
Aizenman, Joshua - 2006
This paper evaluates the impact of globalization on the tax bases of countries at varying stages of development. We see globalization as a process that induces countries to embrace greater trade and financial integration. This in turn should shift their tax revenue from "easy to collect" taxes...
Persistent link: https://www.econbiz.de/10012466738
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Direct or Indirect Tax Instruments for Redistribution : Short-run versus Long-run
Saez, Emmanuel - 2002
Optimal tax theory has shown that, under weak assumptions, indirect taxation such as production subsidies, tariffs, or differentiated commodity taxation, are sub-optimal and that redistribution should be achieved solely with the direct income tax. However, these important results of optimal tax...
Persistent link: https://www.econbiz.de/10012469882
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Jump Starting the Euro Area Recovery : Would a Rise in Core Fiscal Spending Help the Periphery?
Blanchard, Olivier - 2015
function involving output and inflation gaps, increasing core spending would generate substantial welfare improvements …
Persistent link: https://www.econbiz.de/10012457242
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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/10012460797
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Fiscal Influences on Inflation in OECD Countries, 2020-2022
Barro, Robert J.; Bianchi, Francesco - National Bureau of Economic Research - 2023
recent global surges in inflation and government spending. This study applies the FTPL to 37 OECD countries for 2020 …-2022. The theory's centerpiece is the government's intertemporal budget constraint, which relates a country's inflation rate in … and the duration of the debt in 2019. This specification has substantial explanatory power for recent inflation rates …
Persistent link: https://www.econbiz.de/10014436969
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The Impact of Inflation on Budgetary Discipline
Aizenman, Joshua - 1995
This paper investigates budgetary rules for an economy characterized by inflation and volatile relative prices. We view … full ex-post indexation. Hence, one of the costs of inflation is that nominal contracts lose their disciplining role in …-predicting the realized one -- higher inflation increases the budget error and the average budget error is positive …
Persistent link: https://www.econbiz.de/10012473531
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Jobless Recoveries During Financial Crises : Is Inflation the Way Out?
Calvo, Guillermo - 2013
This paper discusses three policy tools to mitigate jobless recoveries during financial crises: inflation, real … of inflation is sizably lower real wages. Hence, inflation does not prevent wage earners as a whole from getting hit by …/nontradables), from output peak to recovery point, displays a statistically significant relationship with inflation or jobless recovery …
Persistent link: https://www.econbiz.de/10012458979
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Foreign Direct Investment in a World of Multiple Taxes
Desai, Mihir A. - 2001
While governments have multiple tax instruments available to them, studies of the effect of tax policy on the locational decisions of multinationals typically focus exclusively on host country corporate income tax rates and their interaction with home country tax rules. This paper examines the...
Persistent link: https://www.econbiz.de/10012470279