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redistributive gains from progressive taxation. …
Persistent link: https://www.econbiz.de/10013548732
The paper surveys and extends recent results on the effect of changes in government fiscal and financial policy, and in private savings behaviour, on economic growth. Private saving behaviour is represented by an overlapping generations (OLG) model. The supply side of the model permits...
Persistent link: https://www.econbiz.de/10005789148
health care cost saving effect. I also explore different taxation policies. The households would be willing to sacrifice an …
Persistent link: https://www.econbiz.de/10005419557
This paper examines the role for tax policies in productivity-shock driven economies with "catching-up-with -the-Joneses" utility functions. The optimal tax policy is shown to affect the economy counter-cyclically via procyclical taxes, i.e., "cooling down" the economy with higher taxes when it...
Persistent link: https://www.econbiz.de/10005649329
This paper studies the interaction between capital income taxation and a means tested age pension in the context of an … taxation (Conesa et al. (2009)), predicated on the idea that capital is a complement with retirement leisure. This leads … income taxation in a life-cycle context. …
Persistent link: https://www.econbiz.de/10011124035
The recent experience of a Great Recession has brought the effectiveness of fiscal policy back into focus. Fiscal multipliers do, however, vary greatly over time and place. between wealth inequality and the magnitude of fiscal multipliers. To explain this finding, we develop a life-cycle,...
Persistent link: https://www.econbiz.de/10011099928
principle as a basis for taxation in Canada. In his paper, Jack M. Mintz continues this discussion by setting out the case for … taxation (sales taxes). Even though Mintz believes that the adoption of a consumption tax would certainly set Canada apart from …
Persistent link: https://www.econbiz.de/10005518921
In the third paper on taxation, Jack M. Mintz and Thomas A. Wilson consider the best way to allocate the “fiscal … of taxation is higher in Canada than in many other industrialized countries. It is also bolstered by the results of …
Persistent link: https://www.econbiz.de/10005518925
This study analyses the aspect of inflation expectations management in the context of inflation targeting by … particularly focusing on the impact of exchange rate pass-through to inflation expectations in a small open economy. We also … augment the inflation expectations function with GDP, inflation, unemployment, fiscal stance, oil prices, and money supply …
Persistent link: https://www.econbiz.de/10012871795
, and expectations are shown. The dynamic development of temporary equilibria is defined by orbits of a dynamical system …
Persistent link: https://www.econbiz.de/10012042141