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In this paper, we investigate the effects of housing-related tax policy measures on macroeconomic aggregates using a …-occupied housing. Using our model, we analyze the effects of changes in housing-related tax policy measures on the level of output, tax … revenue and household debt, along with other macroeconomic aggregates. The tax policies we consider are (i) increasing …
Persistent link: https://www.econbiz.de/10010335678
-accumulation of capital may result compared to the complete markets economy. We show that reducing somewhat the capital income tax … rate increases the capital stock and leads to a welfare gain. The complete elimination of the capital income tax, however …
Persistent link: https://www.econbiz.de/10010279941
In this paper, we investigate the effects of housing-related tax policy measures on macroeconomic aggregates using a …-occupied housing. Using our model, we analyze the effects of changes in housing-related tax policy measures on the level of output, tax … revenue and household debt, along with other macroeconomic aggregates. The tax policies we consider are (i) increasing …
Persistent link: https://www.econbiz.de/10010849964
In this paper, we investigate the effects of housing-related tax policy measures on macroeconomic aggregates using a …-occupied housing. Using our model, we analyze the effects of changes in housing-related tax policy measures on the level of output, tax … revenue and household debt, along with other macroeconomic aggregates. The tax policies we consider are (i) increasing …
Persistent link: https://www.econbiz.de/10009789532
Assets in tax-deferred retirement accounts (TDA) and housing are two major components of household portfolios. In this … of the preferential tax treatments for both TDA and home ownership. They substitute TDA assets for home equity by …
Persistent link: https://www.econbiz.de/10011460150
This paper analyzes how firms respond to changes in tax benefits for low-earning workers and how, through equilibrium …'s 2003 Mini-Job Reform, which entailed a significant expansion of tax benefits for low-earning workers. Firms' responses are … relative expansion is tilted towards high-earning workers, a group that is not the target of the tax benefits. In addition, non …
Persistent link: https://www.econbiz.de/10012493308
design policies that promote remittances and increase their benefits while mitigating adverse side effects. Getting these …
Persistent link: https://www.econbiz.de/10010790498
This paper analyzes how firms respond to changes in tax benefits for low-earning workers and how, through equilibrium …'s 2003 Mini-Job Reform, which entailed a significant expansion of tax benefits for low-earning workers. Firms' responses are … relative expansion is tilted towards high-earning workers, a group that is not the target of the tax benefits. In addition, non …
Persistent link: https://www.econbiz.de/10012619622
Assets in tax-deferred retirement accounts (TDA) and housing are two major components of household portfolios. In this … of the preferential tax treatments for both TDA and home ownership. They substitute TDA assets for home equity by …
Persistent link: https://www.econbiz.de/10011564704
We introduce behavioral learning equilibria (BLE) into a multi-variate linear framework and apply it to New Keynesian DSGE models. In a BLE, boundedly rational agents use simple but optimal first-order autoregressive (AR(1)) forecasting rules whose parameters are consistent with the observed...
Persistent link: https://www.econbiz.de/10014304189