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After the death of inflation : will fiscal drag survive?
Heinemann, Friedrich - 2000
back theoretical considerations on inflation's impact on different kinds of taxes: This impact tends to be positive for …Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … fiscal drag for OECD countries since 1965. Some considerations on the role of money illusion and indexation in this context …
Persistent link: https://www.econbiz.de/10011444606
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After the Death of Inflation : Will Fiscal Drag Survive?
Heinemann, Friedrich - 2003
back theoretical considerations on inflation's impact on different kinds of taxes: This impact tends to be positive for …Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … fiscal drag for OECD countries since 1965. Some considerations on the role of money illusion and indexation in this context …
Persistent link: https://www.econbiz.de/10014090638
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An estimated fiscal Taylor rule for the postwar United States
Reicher, Christopher Phillip - 2011
using a multivariate Fiscal Taylor Rule. Adjustments to taxes and purchases both account for a large portion of the fiscal … response to debt, while authorities seem reluctant to adjust transfers. As expected, taxes are highly procyclical; purchases … ; fiscal policy ; taxes ; spending ; transfer payments …
Persistent link: https://www.econbiz.de/10009152534
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Fiscal Stimulus and Distortionary Taxation
Drautzburg, Thorsten - 2012
We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (2007) New Keynesian model, allowing for credit-constrained households, the zero lower bound, government capital and distortionary taxation. The...
Persistent link: https://www.econbiz.de/10013114666
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Fiscal Stimulus and Distortionary Taxation
Drautzburg, Thorsten - 2011
We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (Smets and Wouters, 2007) New Keynesian model, allowing for credit-constrained households, the zero lower bound, government capital and distortionary...
Persistent link: https://www.econbiz.de/10013123780
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Fiscal Stimulus and Distortionary Taxation
Drautzburg, Thorsten - 2014
First Draft: January 2, 2010This Draft: November 13, 2013We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (2007) New Keynesian model, allowing for credit-constrained households, the zero lower...
Persistent link: https://www.econbiz.de/10013062095
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Fiscal stimulus and distortionary taxation
Drautzburg, Thorsten; Uhlig, Harald - 2011 - This revision: May 30, 2011
We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (Smets and Wouters, 2007) New Keynesian model, allowing for credit-constrained households, the zero lower bound, government capital and distortionary...
Persistent link: https://www.econbiz.de/10009129765
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Household Income Volatility and Tax Policy : Helping More and Hurting Less, Testimony Before the U.S. Joint Economic Committee
Batchelder, Lily L. - 2010
payments so that a larger share of a family’s income is due in taxes in its higher-income years, and smaller share in its lower …
Persistent link: https://www.econbiz.de/10014195419
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Managing Debt Stability
Missale, Alessandro; Bacchiocchi, Emanuele - 2021
and inflation. We then explore how the relevant covariances and thus the optimal choice of debt instruments depend on the … monetary regime and on Central Bank preferences for output stabilization, inflation control and interest rate smoothing …
Persistent link: https://www.econbiz.de/10013318752
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Monetary policy shocks and macroeconomic variables : evidence from fast growing emerging economies
Ivrendi, Mehmet; Yildirim, Zekeriya - 2013
domestic currency, increases interest rates, effectively controls inflation rates and reduces output. They do not find any …
Persistent link: https://www.econbiz.de/10010221723