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The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States : Reply to Jentsch and Lunsford
Mertens, Karel - 2020
In this reply to a comment by Jentsch and Lunsford, we show that, when focusing on the relevant impulse responses, the evidence for economic and statistically significant macroeconomic effects of tax changes in Mertens and Ravn (2013) remains present for a range of asymptotically valid inference...
Persistent link: https://www.econbiz.de/10012852062
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Petroleum taxation and investment behaviour
Osmundsen, Petter; Emhjellen, Magne; Johnsen, Thore; … - 2014
Petroleum administration can be regarded as a principal-agent problem. The government allocates exploration and … production rights to petroleum companies on behalf of the population. The government is the principal and the companies are … agents. With the aim of capturing revenue for the state, the government devises a petroleum tax system which takes account of …
Persistent link: https://www.econbiz.de/10010426021
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How Would Amount A Affect U.S. Corporate Income Tax Revenue?
Starkov, Vladimir; Jin, Alexis - 2022
In this paper, we discuss the hypothetical impact of the Amount A regime on US corporate income tax revenue. The general outline of the two-pillar taxation system, which includes Amount A as a part of Pillar One, was agreed upon in October 2021 by the Inclusive Framework delegates who tackled...
Persistent link: https://www.econbiz.de/10013294603
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Who Gains from Corporate Tax Cuts?
Cloyne, James; Kurt, Ezgi; Surico, Paolo - National Bureau of Economic Research - 2023
Goods producers increase their capital expenditure and employment in response to a cut in marginal corporate income tax rates or an increase in investment tax credits. In contrast, companies in the service sector mostly use any tax windfall to increase dividend payouts. We base our conclusions...
Persistent link: https://www.econbiz.de/10014287379
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Usability of methodology from the USA for measuring effect of corporate tax on organizational form in the Czech Republic
Svoboda, Petr - In: European financial and accounting journal : EFAJ 11 (2016) 1, pp. 65-75
The goal of this paper is to examine the methodology, used by authors Mackie-Mason and Gordon for measuring effects of corporate tax on business organization form, which is connected to issue of double taxation, in the United States and find out, if the same approach can be applied on business...
Persistent link: https://www.econbiz.de/10011526858
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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
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Automatic stabilization and discretionary fiscal policy in the financial crisis
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: IZA Journal of Labor Policy 1 (2012), pp. 1-19
This paper investigates the relationship between the magnitude of automatic stabilizers in the tax and transfer systems of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent economic crisis. In particular, we ask whether countries...
Persistent link: https://www.econbiz.de/10010331982
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The global effects of US fiscal policy
Flood, Kimberly - 2008
redistribution of wealth linked to a partial reversal of global current account imbalances as U.S. government debt declines. The …
Persistent link: https://www.econbiz.de/10010289667
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The global effects of US fiscal policy
Flood, Kimberly (contributor) - 2008
redistribution of wealth linked to a partial reversal of global current account imbalances as U.S. government debt declines. The …
Persistent link: https://www.econbiz.de/10003727267
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Automatic stabilisers and economic crisis : US vs Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2010
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10003989856