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Reforming the Air Passenger Duty as an Environmental Tax

Truby, Jon M. - 2014

In light of the UK Coalition Government's announced intention to reform APD (Air Passenger Duty), this article examines the design flaws making APD an inadequate environmental tax. By identifying the misconceived consequences and environmental inefficiencies of this blunt instrument, the need...

Persistent link: https://www.econbiz.de/10013067239

Heterogeneous Responses to the U.S. Narrative Tax Changes : Evidence from the U.S. States

Alam, Masud - 2021

This paper investigates the assumption of homogeneous effects of federal tax changes across the U.S. states and identifies where and why that assumption may not be valid. More specifically, what determines the transmission mechanism of tax shocks at the state level? How vital are states' fiscal...

Persistent link: https://www.econbiz.de/10013217447

Debt Relief and Slow Recovery : A Decade after Lehman

Piskorski, Tomasz - 2019

We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...

Persistent link: https://www.econbiz.de/10012896580

Infrastructure Provision and Macroeconomic Performance

Chatterjee, Santanu - 2011

This paper studies the differences between private and government provision of infrastructure. Capital utilization decisions and their differential role in determining market prices for capital goods under the two regimes of infrastructure provision serve as a critical transmission mechanism for...

Persistent link: https://www.econbiz.de/10012714539

Public Investment, Debt, and Welfare : A Quantitative Analysis

Chatterjee, Santanu - 2019

In this paper, we examine the relationship between infrastructure investment and economic welfare in the context of a … of the U.S. economy over the period 1990-2015, we show that the welfare-maximizing share of public investment in GDP … infrastructure investment above its average share of 4 percent of GDP in the data. However, once the transition path and short …

Persistent link: https://www.econbiz.de/10012872069

Optimal Public Debt Redux

Chatterjee, Santanu - 2017

We examine the role played by government investment in infrastructure in determining the optimal quantity of public …

Persistent link: https://www.econbiz.de/10012968462

The Job Guarantee : Design, Jobs, and Implementation

Tcherneva, Pavlina R. - 2018

The job guarantee (JG) is a public option for jobs. It is a permanent, federally funded, and locally administered program that supplies voluntary employment opportunities on demand for all who are ready and willing to work at a living wage. While it is first and foremost a jobs program, it has...

Persistent link: https://www.econbiz.de/10012922814

Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Income Risk

Dyrda, Sebastian; Pedroni, Marcelo - 2021

We study optimal fiscal policy in a standard incomplete-markets model with uninsurable idiosyncratic income risk, where a Ramsey planner chooses time-varying paths of proportional capital and labor income taxes, lump-sum transfers (or taxes), and government debt. We find that: (1) short-run...

Persistent link: https://www.econbiz.de/10013217069

Savings, Investment and the Real Interest Rate in an Endogenous Growth Model

Alogoskoufis, George - 2013

of overlapping generations, in the context of a class of endogenous growth theories with investment adjustment costs. In … the model used in this paper, savings and investment are co-determined through adjustments in the real interest rate, and … the equilibrium investment rate determines the long-run growth rate. The two classes of models have similar predictions …

Persistent link: https://www.econbiz.de/10013072414

Trade-offs in means tested pension design

Tran, Chung; Woodland, Alan - In: Journal of Economic Dynamics and Control 47 (2014) C, pp. 72-93

The means-testing of age pension programs allows governments to control the receipt of pension benefits (extensive margin) and the benefit level (intensive margin). We investigate how the presence of the extensive margin influences the trade-off between protecting the poorer elderly and the...

Persistent link: https://www.econbiz.de/10010939762