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State-dependent effects of tax changes in Germany and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha - 2021 - This version: 13 July 2021

We study state-dependent effects of narratively identified tax shocks in Germany and the UK over the period 1974Q1-2018Q4 using local projections. In addition, we distinguish between aggregated and disaggregated tax types (direct and indirect taxes) as well as look for possible asymmetries...

Persistent link: https://www.econbiz.de/10012591522

Testing the effects of fiscal policy shocks on output growth in recession and expansion : empirical evidence from developing countries

Rafique, Rabia; Nisar, Asad; Shah, Syed Sadaqat Ali - In: Economic change & restructuring 57 (2024) 3, pp. 1-26

Persistent link: https://www.econbiz.de/10015045360

Household Income Volatility and Tax Policy : Helping More and Hurting Less, Testimony Before the U.S. Joint Economic Committee

Batchelder, Lily L. - 2010

This testimony makes three main points. First, income volatility, especially when it involves income declines, imposes significant hardships on American families. It heightens stress about finances and may increase household living expenses. These hardships are most pronounced for middle-and...

Persistent link: https://www.econbiz.de/10014195419

Sovereign default and imperfect tax enforcement

Pappadà, Francesco; Zylberberg, Yanos - 2019

We show that, in many countries, tax compliance is volatile and markedly responds to fiscal policy. To explore the consequence of this novel stylized fact, we build a model of sovereign debt with limited commitment and imperfect tax enforcement. Fiscal policy persistently affects the size of the...

Persistent link: https://www.econbiz.de/10012029059

Estimating policy-corrected long-term and short-term tax elasticities for the United States, Germany, and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha; Ünal, Umut - 2021 - This version: 23 March 2021

We estimate the elasticities of the most important tax categories using a new quarterly database of discretionary tax measures for the United States, Germany, and the United Kingdom over the period 1980Q1 to 2018Q2. Employing Romer and Romer's (2009) narrative approach, we construct a...

Persistent link: https://www.econbiz.de/10012543418

Government deficit shocks and Okun's coefficient volatility : new insights on the austerity versus growth debate

Binh Thai Pham; Sala, Hector - 2019

techniques applied to the analysis of six selected economies: France, Japan, Spain, Sweden, the United Kingdom (UK), and the … periods of economic turmoil. Okun's coefficient is most volatile in Spain and most stable in Sweden and Japan, with France, UK …

Persistent link: https://www.econbiz.de/10012054782

International spillover effects of U.S. tax reforms: Evidence from Germany

Christofzik, Désirée I.; Elstner, Steffen - 2018

This paper explores the international transmission of U.S. tax shocks and provides evidence for the German economy. Using structural vector autoregressions, we find that after a U.S. tax cut, German GDP increases moderately. While higher U.S. demand stimulates German exports, a deterioration of...

Persistent link: https://www.econbiz.de/10011929058

Macroeconomic effects of the anticipation and implementation of tax changes in Germany: Evidence from a narrative account

Christofzik, Désirée I.; Fuest, Angela; Jessen, Robin - 2020

reforms. For an anticipated tax shock, we find an implied peak tax multiplier after implementation of 1.7. However, this … liefert. Eine antizipierte Steuersenkung entfaltet ihren maximalen Effekt auf das Bruttoinlandsprodukt erst mehr als zwei … negativen Antizipationseffekten begleitet. Dies gilt insbesondere für das Bruttoinlandsprodukt, die Investitionen und die …

Persistent link: https://www.econbiz.de/10012234812

Investment shocks, tax evasion and the consumption puzzle : a DSGE analysis with financial frictions

Chiarini, Bruno; Ferrara, Maria; Marzano, Elisabetta - 2016

explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …

Persistent link: https://www.econbiz.de/10011515322

Regional Effects of Federal Tax Shocks

Uhl, Matthias - 2012

model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find …

Persistent link: https://www.econbiz.de/10013108133