Similar Search Results

Why the split of payroll taxation between firms and workers matters for macroeconomic stability

Voigts, Simon - 2014

Conventional wisdom states that the statutory split of payroll taxation between firms and workers is of no macroeconomic relevance, because the tax incidence is fully determined by the market structure. This paper breaks with this view by establishing a theoretical link between the statutory...

Persistent link: https://www.econbiz.de/10010418878

Time Consistent Optimal Fiscal Policy Over the Business Cycle

Feng, Zhigang - 2012

This paper examines a dynamic stochastic economy with a benevolent government that cannot commit to future policies. Following Phelan and Stacchetti (2001), we consider sequential sustainable equilibria (SSE). We numerically solve for the set of equilibrium payoffs, and investigate whether the...

Persistent link: https://www.econbiz.de/10013107953

Tax structure, optimal fiscal policy, and the business cycle

Guo, Jang-ting - In: Economic review 30 (1994) 4, pp. 2-14

Persistent link: https://www.econbiz.de/10001192571

Time-consistent optimal fiscal policy over the business cycle

Feng, Zhigang - In: Quantitative economics : QE ; journal of the … 6 (2015) 1, pp. 189-221

This paper examines a dynamic stochastic economy with a benevolent government that cannot commit to its future policies. I consider equilibria that are time-consistent and allow for history-dependent strategies. A new numerical algorithm is developed to solve for the set of equilibrium payoffs....

Persistent link: https://www.econbiz.de/10011757665

The Welfare Cost of Business Cycles with Heterogeneous Trading Technologies

Chien, YiLi - 2019

The author investigates the welfare cost of business cycles in an economy where households have heterogeneous trading technologies. In an economy with aggregate risk, the different portfolio choices induced by heterogeneous trading technologies lead to a larger consumption inequality in...

Persistent link: https://www.econbiz.de/10012904086

The Heterogeneous Welfare Effects of Business Cycles

Cho, Daeha; Ma, Eunseong - 2022

This study investigates the welfare effects of business cycle fluctuations from distributional perspectives. To this end, we develop a quantitative heterogeneous-agent model which incorporates market incompleteness and non-convexity into the mapping from the time devoted to work to labor...

Persistent link: https://www.econbiz.de/10013301193

The statutory breakdown of payroll taxes between firms and workers and the business cycle

Voigts, Simon - In: Three essays on taxation and macroeconomic dynamics, (pp. 59-83). 2017

Persistent link: https://www.econbiz.de/10011913349

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 … volatile and the tax rate for low income agents the least counter-cyclical. In contrast, the path of optimal taxes for the …-enhancing capital equipment technology and spending cuts is to increase the progressivity of income taxes. Finally, in response to …

Persistent link: https://www.econbiz.de/10010210127

The optimal distribution of the tax burden over the business cycle

Angelopulos, Kōnstantinos; Asimakopoulos, Stylianos; … - In: Macroeconomic dynamics 23 (2019) 6, pp. 2298-2337

Persistent link: https://www.econbiz.de/10012127342

Macroeconomics with endogenous markups and optimal taxation

Etro, Federico - 2016 - Current draft: November 2016

Persistent link: https://www.econbiz.de/10011628586

1
2
3
4
5
6
7
8
9
10
Next
Last