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Optimal Pre-Announced Tax Reforms Under Valuable and Productive Government Spending
Trabandt, Mathias - 2006
spending. Our baseline optimal reform reveals that these model ingredients result in a reduction of welfare losses that occur … when the reform is announced before its implementation. Further, the mere existence of welfare losses from pre … welfare gains from pre-announcing the reform. We show that 4 years pre-announcement of this reform and the baseline optimal …
Persistent link: https://www.econbiz.de/10014059571
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How far are we from the slippery slope? The Laffer curve revisited
Trabandt, Mathias; Uhlig, Harald - 2010
We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 and individual European countries by comparing the balanced growth paths of a neoclassical growth model featuring ”constant Frisch elasticity” (CFE) preferences. We derive...
Persistent link: https://www.econbiz.de/10011605220
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How far are we from the slippery slope? : the Laffer curve revisited
Trabandt, Mathias; Uhlig, Harald - 2010
We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 and individual European countries by comparing the balanced growth paths of a neoclassical growth model featuring "constant Frisch elasticity" (CFE) preferences. We derive...
Persistent link: https://www.econbiz.de/10003972665
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Analysis of the Optimal Size of the Government Consumption
Josheski, Dushko - 2011
The aim of this paper is to investigate the size of the government in 12 OECD countries. Data are gathered from Penn Tables. Clustered robust OLS estimation techniques have been used. Also Panel estimation techniques have been applied, FE and RE estimation. The functional form is quadratic is...
Persistent link: https://www.econbiz.de/10013122775
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Optimal response to a demographic shock
Conesa, Juan Carlos; Garriga, Carlos - 2005
no welfare losses for any of the cohorts in our economy. In contrast to existing literature we endogenously determine …
Persistent link: https://www.econbiz.de/10010271922
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Do social policies harm employment and growth?
Ploeg, Frederick van der - 2003
Persistent link: https://www.econbiz.de/10011506447
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Pandemics and aggregate demand : a framework for policy analysis
Flaschel, Peter; Galanis, Giorgos; Tavani, Daniele; … - 2021
This paper studies the interaction between epidemiological dynamics and the dynamics of economic activity in a demand-driven model in the structuralist/post-Keynesian tradition. On the one hand, rising aggregate demand increases the contact rate and therefore the probability of exposure to a...
Persistent link: https://www.econbiz.de/10012660440
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Do Social Policies Harm Employment and Growth?
van der Ploeg, Rick - 2021
progressivity depend crucially on the specific features of the welfare state, e.g., whether benefits are indexed to wages or not. In …
Persistent link: https://www.econbiz.de/10013320046
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Forward and Backward Intergenerational Goods : A Theory of Intergenerational Exchange
Rangel, Antonio - 2000
This papers develops a theory of intergenerational exchange for generations that are either selfish or have non-dynastic altruism. The main building blocks of the theory are forward and backward intergenerational goods (FIGs and BIGs) and the relationship between them. A FIG is a transfer from...
Persistent link: https://www.econbiz.de/10014171655
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Credit and Liquidity Policies During Large Crises
Ebsim, Mahdi; Faria-e-Castro, Miguel; Kozlowski, Julian - 2022
We compare firms’ financials during the Great Financial Crisis (GFC) and COVID-19. While the two crises featured similar increases in credit spreads, debt and liquid assets decreased during the GFC but increased during COVID-19. In the cross-section, leverage was the primary determinant of...
Persistent link: https://www.econbiz.de/10014239521