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After the Death of Inflation: Will Fiscal Drag Survive?
Heinemann, Friedrich - 2000
back theoretical considerations on inflation?s impact on different kinds of taxes: This impact tends to be positive for …Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … fiscal drag for OECD countries since 1965. Some considerations on the role of money illusion and indexation in this context …
Persistent link: https://www.econbiz.de/10010297682
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After the death of inflation : will fiscal drag survive?
Heinemann, Friedrich - 2000
back theoretical considerations on inflation's impact on different kinds of taxes: This impact tends to be positive for …Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … fiscal drag for OECD countries since 1965. Some considerations on the role of money illusion and indexation in this context …
Persistent link: https://www.econbiz.de/10011444606
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After the Death of Inflation : Will Fiscal Drag Survive?
Heinemann, Friedrich - 2003
back theoretical considerations on inflation's impact on different kinds of taxes: This impact tends to be positive for …Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … fiscal drag for OECD countries since 1965. Some considerations on the role of money illusion and indexation in this context …
Persistent link: https://www.econbiz.de/10014090638
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An Estimated Fiscal Taylor Rule for the Postwar United States
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2011
using a multivariate Fiscal Taylor Rule. Adjustments to taxes and purchases both account for a large portion of the fiscal … response to debt, while authorities seem reluctant to adjust transfers. As expected, taxes are highly procyclical; purchases …
Persistent link: https://www.econbiz.de/10009149137
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A set of estimated fiscal rules for a cross-section of countries: Stabilization and consolidation through which instruments?
Reicher, Claire - In: Journal of Macroeconomics 42 (2014) C, pp. 184-198
Not much cross-country evidence exists on the time-series behavior of individual fiscal instruments in response to the public debt and to output. To remedy this situation, this study provides a set of detailed estimated fiscal reaction functions (or “fiscal rules”) governing these responses...
Persistent link: https://www.econbiz.de/10011117991
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An estimated fiscal Taylor Rule for the postwar United States
Reicher, Christopher Phillip - In: Economics Letters 114 (2012) 3, pp. 319-321
This paper estimates a multi-instrument fiscal Taylor Rule for the United States. Taxes and purchases both respond … strongly to deficits, while transfers do not. Taxes are procyclical; purchases are acyclical; and transfers are countercyclical …
Persistent link: https://www.econbiz.de/10010572224
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A set of estimated fiscal rules for a cross-section of countries: Stabilization and consolidation through which instruments?
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2013
This paper provides a set of detailed estimated fiscal reaction functions for a panel of twenty industrialized countries, and it discusses commonalities and differences with regard to systematic fiscal policies across countries. In general, the countries in the panel adjust tax revenues strongly...
Persistent link: https://www.econbiz.de/10010886930
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An estimated fiscal Taylor rule for the postwar United States
Reicher, Christopher Phillip - 2011
using a multivariate Fiscal Taylor Rule. Adjustments to taxes and purchases both account for a large portion of the fiscal … response to debt, while authorities seem reluctant to adjust transfers. As expected, taxes are highly procyclical; purchases …
Persistent link: https://www.econbiz.de/10010274430
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A set of estimated fiscal rules for a cross section of countries: Stabilization and consolidation through which instruments?
Reicher, Christopher Phillip - 2013
This paper provides a set of detailed estimated fiscal reaction functions for a panel of twenty industrialized countries, and it discusses commonalities and differences with regard to systematic fiscal policies across countries. In general, the countries in the panel adjust tax revenues strongly...
Persistent link: https://www.econbiz.de/10010319101
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A set of estimated fiscal rules for a cross section of countries : stabilization and consolidation through which instruments?
Reicher, Christopher Phillip - 2013
This paper provides a set of detailed estimated fiscal reaction functions for a panel of twenty industrialized countries, and it discusses commonalities and differences with regard to systematic fiscal policies across countries. In general, the countries in the panel adjust tax revenues strongly...
Persistent link: https://www.econbiz.de/10009782452