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The Federal Reserve's implicit inflation target and macroeconomic dynamics : a SVAR analysis
Mumtaz, Haroon; Theodoridis, Konstantinos - 2017
This paper identifies shocks to the Federal Reserve's inflation target as VAR innovations that make the largest contribution to future movements in long-horizon inflation expectations. The effectiveness of this scheme is documented via Monte-Carlo experiments. The estimated impulse responses...
Persistent link: https://www.econbiz.de/10011671941
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The effect of tax incentives on private pension saving
O'Brien, Laurence - 2023
In many countries, saving in a private pension is tax-advantaged to encourage saving for retirement; however, there is … mixed evidence on the extent to which this increases saving. This paper estimates the responsiveness of private pension … saving to tax incentives for employees in England and Wales using employer-reported panel data on pension contributions …
Persistent link: https://www.econbiz.de/10014372118
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Excess savings and twin deficits : the transmission of fiscal stimulus in open economies
Aggarwal, Rishabh; Auclert, Adrien; Rognlie, Matthew; … - 2022
Persistent link: https://www.econbiz.de/10013271317
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Does going cashless make you tax-rich? : evidence from India's demonetization experiment
Das, Satadru; Gadenne, Lucie; Nandi, Tushar K.; … - 2022
This paper investigates the effect of electronic payments technology on firms’ tax compliance in a large developing economy. We consider India’s demonetization policy which, by limiting the availability of cash, led to a large increase in the use of electronic forms of payments. Using...
Persistent link: https://www.econbiz.de/10012802985
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Fiscal rule and public investment in Chile
Fuentes S. M., J. Rodrigo; Schmidt-Hebbel, Klaus; Soto, … - 2021
This paper reviews the design and operation of the Chilean fiscal rule in the past 30 years. Using different empirical approaches, we assess its impact on fiscal procyclicality, public debt, and public investment. While there has been substantial progress in building a modern institutional...
Persistent link: https://www.econbiz.de/10012586739
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Inclusive growth in India - learning from best practices of selected countries
Aggarwal, Suresh Chand; Satija, Divya; Khan, Shuheb - 2019
Globally, there is a clamour for creating a more inclusive world and India is also a frontrunner. Government of India is fully committed to its resolve towards achieving inclusive growth. To achieve this goal, efforts are being made to harmonise the national development priorities with...
Persistent link: https://www.econbiz.de/10012006946
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Taxation and supplier networks : evidence from India
Gadenne, Lucie; Nandi, Tushar K.; Rathelot, Roland - 2023
Do tax systems distort firm-to-firm trade? This paper considers the effect of tax policy on supply chains in a large developing economy, the state of West Bengal in India. Using administrative panel data on firms, including transaction data for 4.8 million supplier-client pairs, we first...
Persistent link: https://www.econbiz.de/10014253725
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Design of two-stage experiments with an application to spillovers in tax compliance
Cruces, Guillermo; Tortarolo, Dario; Vazquez-Bare, Gonzalo - 2022
We set up a framework to conduct experiments for estimating spillover effects when units are grouped into mutually exclusive clusters. We improve upon existing methods by allowing for heteroskedasticity, intra-cluster correlation and cluster size heterogeneity, which are typically ignored when...
Persistent link: https://www.econbiz.de/10013463569
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Does going cashless make you tax-rich? : evidence from India's demonetization experiment
Das, Satadru; Gadenne, Lucie; Nandi, Tushar K.; … - 2022
This paper investigates the effect of electronic payment technology on tax compliance in a large developing economy. We consider India's demonetization policy which, by limiting cash availability, led to a large increase in the use of electronic forms of payments. Using administrative data on...
Persistent link: https://www.econbiz.de/10013419188
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Design of partial population experiments with an application to spillovers in tax compliance
Cruces, Guillermo; Tortarolo, Dario; Vazquez-Bare, Gonzalo - 2023
We develop a framework to conduct experiments for estimating direct and spillover effects when units are grouped into mutually exclusive clusters. Crucially, our framework accounts for heterogeneous treatment effects across clusters and heterogeneous cluster sizes, which are pervasive in...
Persistent link: https://www.econbiz.de/10014373609