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Effective Tax Rates in Macroeconomics : Cross-Country Estimates of Tax Rates on Factor Incomes and Consumption

Mendoza, Enrique G. - 1994

This paper proposes a method for computing tax rates using national accounts and revenue statistics. Using this method we construct time-series of tax rates for large industrial countries. The method identifies the revenue raised by different taxes at the general government level and defines...

Persistent link: https://www.econbiz.de/10012474047

Non-Fundamental Flows and Foreign Exchange Rates

Aldunate, Felipe E.; Da, Zhi; Larrain, Borja; Sialm, Clemens - National Bureau of Economic Research - 2022

Frequent, yet uninformed, fund flows in Chilean pension plans generate substantial trading in currency markets due to … pressure to currency forward markets and results in violations of the covered interest rate parity. Using trading data and bank …

Persistent link: https://www.econbiz.de/10013477245

Who Pays Sin Taxes? : Understanding the Overlapping Burdens of Corrective Taxes

Conlon, Christopher; Rao, Nirupama L.; Wang, Yinan - National Bureau of Economic Research - 2021

We find that sin good purchases are highly concentrated with 10% of households paying more than 80% of taxes on alcohol and cigarettes. Total sin tax burdens are poorly explained by demographics (including income), but are well explained by eight household clusters defined by purchasing...

Persistent link: https://www.econbiz.de/10012660071

Which Effective Tax Rate?

Fullerton, Don - 1983

In estimating the effects of capital income taxation, different studies measure different effective tax rates. This paper categorizes effective tax rate estimates into six basic types, and discusses the usefulness of each. For marginal effective tax rates, some studies estimate the additional...

Persistent link: https://www.econbiz.de/10012477979

Investment in Energy Infrastructure and the Tax Code

Metcalf, Gilbert E. - 2009

Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective tax rates vary widely across investment classes. I then consider...

Persistent link: https://www.econbiz.de/10012463220

How Far Are We From The Slippery Slope? The Laffer Curve Revisited

Trabandt, Mathias - 2009

We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using a neoclassical growth model featuring "constant Frisch elasticity" (CFE) preferences. We provide new tax rate data. The US can increase tax revenues by 30% by raising labor...

Persistent link: https://www.econbiz.de/10012463307

Comparing Average and Marginal Tax Rates Under the FairTax and the Current System of Federal Taxation

Kotlikoff, Laurence J. - 2005

This paper compares marginal and average tax rates on working and saving under our current federal tax system with those that would arise under a federal retail sales tax, specifically the FairTax. The FairTax would replace the personal income, corporate income, payroll, and estate and gift...

Persistent link: https://www.econbiz.de/10012466840

Fiscal Reform and Government Debt in Japan : A Neoclassical Perspective

Hansen, Gary - 2013

Past government spending in Japan is currently imposing a significant fiscal burden that is reflected in a net debt to output ratio near 150 percent. In addition, the aging of Japanese society implies that public expenditures and transfers payments relative to output are projected to continue to...

Persistent link: https://www.econbiz.de/10012459229

Dominant Currency Paradigm : A Review

Gopinath, Gita; Itskhoki, Oleg - National Bureau of Economic Research - 2021

theoretical and empirical literature that documents patterns of currency use in global trade, the implications of dominant … policy. We describe advances in the endogenous currency choice literature including conditions for the emergence and … persistence of dominant currency equilibria …

Persistent link: https://www.econbiz.de/10012794584

Dominant Currencies : How Firms Choose Currency Invoicing and Why it Matters

Amiti, Mary - 2020

Using new data on currency invoicing for Belgian firms, we analyze how firms make their currency choice, for both … staggered price setting with endogenous currency choice. Our structural specification provides a new test of the allocative … consequences of nominal rigidities, by estimating the treatment effect of foreign-currency price stickiness on the dynamic response …

Persistent link: https://www.econbiz.de/10012482146

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