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Budget Deficits, Tax Risk and Consumption
Becker, Torbjorn - 1998
that the co-movements between budget deficits and private consumption will depend on how risk averse individuals are. In … iso-elastic utility function, the standard analysis of capital income risk predicts (precautionary) savings to increase … with increased risk if the coefficient for relative risk aversion is greater than one. This is no longer sufficient when …
Persistent link: https://www.econbiz.de/10014109632
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Alternative strategies to reduce public deficits : taxes vs. spending
Bajo Rubio, Oscar; Gómez-Plana, Antonio G. - In: Journal of applied economics 18 (2015) 1, pp. 45-70
Persistent link: https://www.econbiz.de/10011554866
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Konsolidierung des Budgets, Abbau der Staatsschulden und Kapitalbildung
Lichtenauer, Philipp - 1997
Persistent link: https://www.econbiz.de/10000956499
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Fiscal policy and debt management with incomplete markets
Bhandari, Anmol; Evans, David; Golosov, Michail Ju.; … - In: The quarterly journal of economics 132 (2017) 2, pp. 617-663
Persistent link: https://www.econbiz.de/10012029644
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Consumption smoothing in a balanced budget regim
Persson, Lovisa - 2013
I investigate consumption smoothing (sensitivity) under a balanced budget rule in Swedish municipalities. In general, I find Swedish municipalities to be highly consumption sensitive during the time period 2001-2011 when the BBR was in place. A one percentage increase in predicted current...
Persistent link: https://www.econbiz.de/10010200110
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Taxes, Budget Deficits ad Consumer Spending : Some New Evidence
Feldstein, Martin - 1987
Because of the restrictive assumptions required to establish the theory of Ricardian equivalence, its relevance in … changes in tax receipts have no effect on consumer spending. The present study shows that Kormendi's results are a misleading … that in the equation specified by Kormendi, but with the years 1941 through 1946 excluded, increases in tax receipts have …
Persistent link: https://www.econbiz.de/10012476713
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Konsolidierung des Budgets, Abbau der Staatsschulden und Kapitalbildung
Lichtenauer, Philipp - 1997
Persistent link: https://www.econbiz.de/10012699272
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Taxes, Budget Deficits Ad Consumer Spending : Some New Evidence
Feldstein, Martin S.; Elmendorf, Douglas W. - 2021
Because of the restrictive assumptions required to establish the theory of Ricardian equivalence, its relevance in … changes in tax receipts have no effect on consumer spending. The present study shows that Kormendi's results are a misleading … that in the equation specified by Kormendi, but with the years 1941 through 1946 excluded, increases in tax receipts have …
Persistent link: https://www.econbiz.de/10013224202
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Is tax-discounting stable over time?
Nicoletti, Giuseppe - In: Oxford bulletin of economics and statistics 54 (1992) 2, pp. 121-144
Persistent link: https://www.econbiz.de/10001124159
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The effects of uncertainty about countries’ compliance with the stability and growth pact
Ferré Carracedo, Montserrat - In: Journal of policy modeling : JPMOD ; a social science … 34 (2012) 5, pp. 660-674
Persistent link: https://www.econbiz.de/10009623515