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The optimal distribution of the tax burden over the business cycle
Angelopoulos, Konstantinos; Asimakopoulos, Stylianos; … - 2013
This paper analyses optimal income taxes over the business cycle under a balanced-budget restriction, for low, middle and high income households. A model incorporating capital-skill complementarity in production and differential access to capital and labour markets is de-veloped to capture the...
Persistent link: https://www.econbiz.de/10010210127
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Fiscal policy experiments
Georgakopoulos, Ilias - 2019
This paper investigates the macroeconomic implications of alternative tax regimes. For this purpose, a one-sector general equilibrium model is constructed in which heterogeneous agents differ in productivity and holdings of capital in the sense of incurring transaction costs for participating in...
Persistent link: https://www.econbiz.de/10012112297
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The Optimal Distribution of the Tax Burden over the Business Cycle
Angelopoulos, Konstantinos - 2013
This paper analyses optimal income taxes over the business cycle under a balanced-budget restriction, for low, middle and high income households. A model incorporating capital-skill complementarity in production and differential access to capital and labour markets is developed to capture the...
Persistent link: https://www.econbiz.de/10013072515
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Social security contributions and the business cycle
Almosova, Anna; Burda, Michael C.; Voigts, Simon - 2017
This paper examines magnitudes and business cycle dynamics of social security contributions (SSC). In most OECD countries studied, we document a negative covariation of payroll tax burdens with GDP and GDP growth at business cycle and lower frequencies. We assess the overall magnitude of the...
Persistent link: https://www.econbiz.de/10011701115
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Countercyclical recruiting rates and the value of jobs
Yashiv, Eran - 2015
U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the unemployed and out of the labor force. Why so? The paper provides an explanation by studying the optimal recruiting behavior of the representative firm. This behavior is a...
Persistent link: https://www.econbiz.de/10011346601
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Reorienting fiscal policy : a critical assessment of fiscal fine-tuning
Tcherneva, Pavlina R. - 2013
The present paper offers a fundamental critique of fiscal policy as it is understood in theory and exercised in practice. Two specific demand-side stabilization methods are examined here: conventional pump priming and the new designation of fiscal policy effectiveness found in the New Consensus...
Persistent link: https://www.econbiz.de/10009787031
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The dynamics of balanced expansion in monetary economies with sovereign debt
Böhm, Volker - 2018 - Version: September 26, 2018
The paper examines the role of fiscal and monetary policy on the dynamics of monetary expansion in a macroeconomy. Its microeconomic structure defined by producers with neoclassical production functions, heterogeneous OLG consumers, and a stationary fiscal and monetary policy induces a...
Persistent link: https://www.econbiz.de/10011903801
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The Starting Points of New Economic Policy in the Conditions of Recession
Sever, Ivo - 2017
The purpose of this research is to recommend theoretical and program basis for the new economic policy for the purposes of overcoming the recession and enabling the recovery of production in the Croatian economy. Furthermore, the goal is to show that the results of this study provide the...
Persistent link: https://www.econbiz.de/10012974392
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When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies
Bordon, Anna R. - 2016
Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down empirically. One reason is their potential endogeneity to the economic environment in which they are conducted. For example, the impact of a reform implemented shortly before a...
Persistent link: https://www.econbiz.de/10012993724
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Efficiency and labor market dynamics in a model of labor selection
Chugh, Sanjay K.; Merkl, Christian - 2011
-looking hiring and labor supply decisions, efficiency entails both static and intertemporal margins. We develop welfare …-relevant measures of marginal rates of transformation and efficiency along each margin that nest their counterparts in frictionless … selection models. -- Labor market frictions ; efficiency …
Persistent link: https://www.econbiz.de/10008842228