Showing 1 - 10 of 12,433
Persistent link: https://www.econbiz.de/10011784413
Cloyne (2013) constructs a novel dataset documenting fiscal tax shocks in the United Kingdom using the narrative approach developed by Romer and Romer (2010), and estimates the impact of tax changes on GDP. He finds that a tax cut of one percent of GDP causes a 0.6 percent increase in output in...
Persistent link: https://www.econbiz.de/10014556602
Persistent link: https://www.econbiz.de/10012609388
This paper explores the international transmission of U.S. tax shocks and provides evidence for the German economy. Using structural vector autoregressions, we find that after a U.S. tax cut, German GDP increases moderately. While higher U.S. demand stimulates German exports, a deterioration of...
Persistent link: https://www.econbiz.de/10011928267
reforms. For an anticipated tax shock, we find an implied peak tax multiplier after implementation of 1.7. However, this … liefert. Eine antizipierte Steuersenkung entfaltet ihren maximalen Effekt auf das Bruttoinlandsprodukt erst mehr als zwei … negativen Antizipationseffekten begleitet. Dies gilt insbesondere für das Bruttoinlandsprodukt, die Investitionen und die …
Persistent link: https://www.econbiz.de/10012233938
There is substantial disagreement about the consequences of the Tax Cuts and Jobs Act (TCJA) of 2017, which constitutes the most extensive tax reform in the United States in more than 30 years. Using a large-scale two-country dynamic general equilibrium model with nominal rigidities, we find...
Persistent link: https://www.econbiz.de/10011989723
There is substantial disagreement about the consequences of the Tax Cuts and Jobs Act (TCJA) of 2017, which constitutes the most extensive tax reform in the United States in more than 30 years. Using a large-scale two-country dynamic general equilibrium model with nominal rigidities, the authors...
Persistent link: https://www.econbiz.de/10011992385
We challenge the "OECD view" (Arnold et al. 2011) according to which a shift from direct to indirect taxation is associated with higher long-run economic growth. We study the relationships between per capita GDP, overall tax revenue and tax composition (in particular direct vs. indirect...
Persistent link: https://www.econbiz.de/10011603117
This paper reviews the existing evidence on the effects of tax reforms on output levels and growth over the short and long run from different strands of the literature. It develops and applies criteria to evaluate the usefulness of ex-post estimates to predict the effects of tax reforms ex-ante....
Persistent link: https://www.econbiz.de/10008938016
This paper investigates the response of major macroeconomic variables to four different types of tax policy innovations in Canada within a VAR framework. The positive tax multipliers documented in the previous literature are found only for corporate tax innovations. Our results imply that...
Persistent link: https://www.econbiz.de/10014074677