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Tax revenue forecast errors : wrong predictions of the tax base or the elasticity?
Göttert, Marcell; Lehmann, Robert - 2021 - This version: June 14, 2021
be attributed to wrong macroeconomic predictions and approximately one-third to false assumptions on the elasticity. Our …
Persistent link: https://www.econbiz.de/10012547029
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Are tax revenue elasticities consistent with a balanced government budget? : an analysis and implications for six CEE countries
Pattichis, Charalambos - In: Economics and Business Letters : EBL 11 (2022) 1, pp. 33-40
Persistent link: https://www.econbiz.de/10013205602
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Fiscal Policy with an Informal Sector
Dellas, Harris; Malliaropulos, Dimitris; Papageorgiou, … - 2022
Macroeconomic models that omit the shadow economy systematically mis-forecast and mis-measure the effect of fiscal –in particular tax– policy on economic activity and tax revenue. We add an informal sector to the Bank of Greece DSGE model and use the actual package of fiscal consolidation...
Persistent link: https://www.econbiz.de/10014078167
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Income Tax Evasion : Tax Elasticity, Welfare, and Revenue
Gillman, Max - 2021
, the paper contributes an analytic derivation of the tax elasticity of taxable income, the welfare cost of the tax, and … government revenue as a percent of output. It shows how an increase in the tax rate causes the tax elasticity and welfare cost to … the tax elasticity of reporting income. Examples are provided with less and more productive economies in terms of the tax …
Persistent link: https://www.econbiz.de/10013246224
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Income tax evasion : tax elasticity, welfare, and revenue
Gillman, Max - 2020
, the paper contributes an analytic derivation of the tax elasticity of taxable income, the welfare cost of the tax, and … government revenue as a percent of output. It shows how an increase in the tax rate causes the tax elasticity and welfare cost to … the tax elasticity of reporting income. Examples are provided with less and more productive economies in terms of the tax …
Persistent link: https://www.econbiz.de/10012294036
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Aid, taxes and government spending : a heterogeneous, cointegrated panel analysis
Tagem, Abrams M. E. - 2017
A substantial amount of aid to developing countries is given to the government, or goes through the budget, meaning it should have an impact on government fiscal behaviour (particularly on government spending). The few existing cross-country empirical studies on the effects of aid on government...
Persistent link: https://www.econbiz.de/10011596237
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Aid, taxes, and government spending : a heterogeneous co-integrated panel analysis
Tagem, Abrams M. E. - 2022
A substantial amount of aid to developing countries is given to the government, or goes through the budget, meaning it should have an impact on government fiscal behaviour (particularly on government spending). The few existing empirical studies on the effects of aid on government spending...
Persistent link: https://www.econbiz.de/10013380683
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Tax-Spend or Fiscal Illusion? Allowing for Asymmetric Revenue Effects in Expenditure Error-Correction Models
Young, Andrew T. - 2008
The existing empirical literature on the US federal revenue-expenditure nexus has had mixed findings. Amongst those papers presenting evidence in favor of causation running from taxes to expenditures, support for the conventional, Friedman-type tax-spend hypothesis is nearly ubiquitous. Evidence...
Persistent link: https://www.econbiz.de/10012724482
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Debt stabilization and debt mutualization in a monetary union with endogenous risk premia
Engwerda, Jacob Christiaan; Aarle, Bas van; Weeren, … - 2015
In this paper we analyse debt stabilization in a monetary union that features endogenous risk premia. In particular, we analyse debt stabilization in two diametrically opposed regimes. In the first regime, the "national fiscal discipline regime", financial markets impose sovereign risk premia...
Persistent link: https://www.econbiz.de/10011350136
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Fiscal Rule Infringement Risks : A Stochastic Characterization of EMU Budgets and Their Discipline
van der Wielen, Wouter - 2015
With the recent debt crisis, the necessity of effective measures for safeguarding fiscal sustainability has become patent, leading to an intense debate. Most of the debate focuses on strengthening fiscal rules and restoring fiscal imbalances through austerity measures. In this paper, I address...
Persistent link: https://www.econbiz.de/10013020591