In this paper, we explore the benefits from a supply-side oriented fiscal tax policy within the framework of a New … Keynesian DSGE model. We show that countercyclical tax rules, which are contingent on the observed welfare gap or on the cost …-push shock and levied on value added, remarkably reduce the adverse impact of cost-push shocks on welfare. We state that the tax …

In this paper, we explore the benefits from a supply-side oriented fiscal tax policy within the framework of a New … Keynesian DSGE model. We show that countercyclical tax rules, which are contingent on the observed welfare gap or alternatively … the tax rule establishes a path for the evolution of marginal cost at the firm level that largely prevents built up of …

This contribution describes the linkage of microsimulation models and computable general equilibrium (CGE) models using …, microsimulation models allow for detailed labor supply and distributional effects due to policy measures, as individual household data …