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Creation of optimal tax and budget systems is one of the Difficult problems of economic science. One of the most important areas of tax reform is to develop a tax code in the aspect of optimal tax gravity. The new tax code - a step to improvement, since a number of reduced taxes and simplified...
Persistent link: https://www.econbiz.de/10011258474
El incremento de las transferencias ligadas a la explotación de industrias extractivas hacia los gobiernos subnacionales ha sido significativo en los últimos años. Ello ha estado acompañado de un crecimiento de la volatilidad de los mismos tanto entre las municipalidades en cada año así...
Persistent link: https://www.econbiz.de/10010842552
The financial crisis and economic downturn are going to weigh on fiscal positions in OECD countries over the short to medium-term, both through the operation of automatic stabilisers and the enactment of discretionary fiscal stimulus packages. However, the strategic policy options facing OECD...
Persistent link: https://www.econbiz.de/10005045983
President Obama and the Democratic leadership will undoubtedly have to make some political compromises in order to get a stimulus package through Congress. However, it is important to keep in mind that there will be real costs associated with these compromises insofar as they result in a less...
Persistent link: https://www.econbiz.de/10005651417
Traditionally, Dynamic Scoring calculations experiments are carried out using representative agent based macroeconomic models. Existing literature does not provide any objection to this approach. In this paper, I develop a heterogeneous agent model similar to the Saver-Spenders model of Mankiw...
Persistent link: https://www.econbiz.de/10005727865
This paper analyzes the size and the determinants of unexpected changes in EU countries' tax revenues and their impact on the ability of EU governments to use fiscal policy as a macroeconomic stabilisation device. We make use of information taken from the Stability and Convergence Programmes...
Persistent link: https://www.econbiz.de/10008509962
Many proponents of conservative fiscal policies talk of the budget deficit as being a matter of intergenerational equality. However, this paper shows the younger generations (and those yet to be born) will contribute more to the deficit than older generations. This analysis uses data from the...
Persistent link: https://www.econbiz.de/10008545824
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/10009652855
El documento analiza la política fiscal a lo largo del Siglo XX en Colombia, con énfasis en los factores económicos y de economía política que determinaron los aciertos y las dificultades fiscales que experimentó el país. Desde el punto de vista de las estadísticas, se construyen series...
Persistent link: https://www.econbiz.de/10010571642
has indeed been trying to rein in, though with difficulty in the face of rising world oil prices. Expenditure also needs …
Persistent link: https://www.econbiz.de/10009364448