results show a wide variation in formalization tax rates ranging between 8.5 percent in Venezuela and 65 percent in Colombia … being formal would allow capturing a substantial share of the additional tax revenue lost due to informality and would …

analyse tax policy reforms, including in particular pension and demographic issues. The main feature of the EDGE-M3 model lies … the greatest extent possible. In particular, it includes the richness of the tax code by means of income tax and social … insurance contribution rate functions estimated using data from the EUROMOD microsimulation model. This feature allows in …

We study the effect of tax expenditures on the stabilizing power of the tax system. We propose a microsimulation … strategy which exploits links that we identify between automatic stabilizers, tax expenditures, and effective marginal tax … rates. Using United States tax return microdata from 2000 to 2010, we estimate that, on average, the mortgage interest …

This paper evaluates a novel form of fiscal stimulus: a temporary cut in the rate of Value Added Tax (VAT). In December … bring forward their purchases and we find a significant fall in sales after the VAT cut ended. Thus an indirect tax cut …

This paper quantifies the effects of two short-run fiscal policies, a temporary tax cut and a temporary rebate transfer … marginally. Both policies improve the overall welfare of households, and the rebate policy especially benefits low …-income households. In the long run, however, the debt accumulated to finance the stimulus and a higher tax to service the debt can crowd …