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Income tax policy in Europe between two crises : from the great recession to the COVID-19 pandemic

Myck, Michał; Trzcińsk, Kajetan - 2022

wage growth and progressivity of the tax system determined the fiscal leeway which governments could use to reduce income …, their much lower degree of progressivity implied limited additional scope for fiscal changes. While decisions taken in most … of the examined countries in the CEE region led to increases in tax progressivity, their income tax systems continue to …

Persistent link: https://www.econbiz.de/10013206285

Macroeconomic Effects of Tax Rate and Base Changes : Evidence from Fiscal Consolidations

Dabla-Norris, Era - 2018

This paper examines the macroeconomic effects of tax changes during fiscal consolidations. Webuild a new narrative dataset of tax changes during fiscal consolidation years, containing detailed information on the expected revenue impact, motivation, and announcement and implementation dates of...

Persistent link: https://www.econbiz.de/10012909403

Electoral Cycles in Tax Reforms

David, Antonio C.; Sever, Can - 2022

We examine electoral cycles in tax reforms using monthly data over the period of 1990-2018 for 22 advanced economies and emerging markets. We show that governments tend to avoid announcing tax reforms during the months running up to elections. In addition, they become more likely to announce...

Persistent link: https://www.econbiz.de/10014241939

Housing and tax policy

Alpanda, Sami; Zubairy, Sarah - 2013

In this paper, we investigate the effects of housing-related tax policy measures on macroeconomic aggregates using a dynamic general-equilibrium model. The model features borrowing and lending across heterogeneous households, financial frictions in the form of collateral constraints tied to...

Persistent link: https://www.econbiz.de/10009789532

Integrating Microsimulation Models of Tax Policy into a DGE Macroeconomic Model

DeBacker, Jason - 2018

This paper proposes a method for integrating individual effective tax rates and marginal tax rates computed from a microsimulation (partial equilibrium) model of tax policy with a dynamic general equilibrium (DGE) model of tax policy that can provide macroeconomic analysis or dynamic scores of...

Persistent link: https://www.econbiz.de/10012931904

The Concept of Income and Tax Policy

Richardson, Ivor - 2015

This paper describes the relevance to lawyers and law students of the concept of income for tax purposes and tax policy. Three reasons are given for law practitioners to have an understanding of the policies underlying tax legislation: the complexity of the legislation; the fact that it can...

Persistent link: https://www.econbiz.de/10013036637

Proxy SVARs : asymptotic theory, bootstrap inference, and the effects of income tax changes in the United States

Jentsch, Carsten; Lunsford, Kurt G. - 2016

Proxy structural vector autoregressions (SVARs)identify structural shocks in vector autoregressions (VARs) with external proxy variables that are correlated with the structural shocks of interest but uncorrelated with other structural shocks. We provide asymptotic theory for proxy SVARs when the...

Persistent link: https://www.econbiz.de/10011570152

The Fiscal State-Dependent Effects of Capital Income Tax Cuts

Fotiou, Alexandra - 2020

Using the post-WWII data of U.S. federal corporate income tax changes, within a Smooth Transition VAR, this paper finds that the output effect of capital income tax cuts is government debt-dependent: it is less expansionary when debt is high than when it is low. To explore the mechanisms that...

Persistent link: https://www.econbiz.de/10012829699

Macroeconomic and distributive effects of increasing taxes in Spain

Fuster, Luisa - In: SERIEs : Journal of the Spanish Economic Association 13 (2022) 4, pp. 613-648

I assess the macroeconomic and redistributive effects of tax reforms aimed at increasing tax revenue in Spain. To this end, I develop a theory of entrepreneurship that mimics key facts on the wealth and income distribution in Spain. I find two reforms that raise fiscal pressure in Spain to the...

Persistent link: https://www.econbiz.de/10013459944

Modeling Distortionary Taxation

Chronis, Panagiotis - 2023

There has been a lot of discussion recently regarding the macroeconomic consequences of a distortionary taxation system. However the way this distortionary taxation scheme or instrument is modeled in macroeconomic analysis, as well as the ability of these models to capture the effects implied by...

Persistent link: https://www.econbiz.de/10014260616