Progressive Taxation Macroeconomic Stabilization And Efficiency In Europe
Download Progressive Taxation Macroeconomic Stabilization And Efficiency In Europe full books in PDF, epub, and Kindle. Read online free Progressive Taxation Macroeconomic Stabilization And Efficiency In Europe ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Progressive Taxation Macroeconomic Stabilization and Efficiency in Europe
Author | : Carlos Martinez-Mongay,Khalid Sekkat |
Publsiher | : Unknown |
Total Pages | : 56 |
Release | : 2005 |
Genre | : Economic policy |
ISBN | : IND:30000109222814 |
Download Progressive Taxation Macroeconomic Stabilization and Efficiency in Europe Book in PDF, Epub and Kindle
Debates the stability/efficiency tradeoff of automatic stabilizers. A simple AD-AS two-country model is presented and illustrates circumstances where a reduction in taxes can foster stabization. The testable implication from the model is that tax cuts can either increase or decrease volatility depending on the structure of the taxation system. Hence, lowering taxes for efficiency purposes may have not cost in terms of stabilization. This implication is tested for OECD countries over the period 1960-2000 taking account of the endogeneity and omitted variables issues identified in the literature. We found acceptably robust evidence that the size of governments in OECD countries has played a stabilizing role for both output and inflation. However, the relationship between government size and macroeconomic stability is not linear. The compostiion of public finances, in particular the tax mix, matters for output and price volatility. Distorting taxes, namely taxes on labor, might have negative effects on macroeconomic stability. Consequently, the potential trade off between stability and flexibility might not exist.
Tax Policy Leverage and Macroeconomic Stability
Author | : International Monetary Fund. Fiscal Affairs Dept. |
Publsiher | : International Monetary Fund |
Total Pages | : 78 |
Release | : 2016-12-10 |
Genre | : Business & Economics |
ISBN | : 9781498345200 |
Download Tax Policy Leverage and Macroeconomic Stability Book in PDF, Epub and Kindle
Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions. ‘Debt bias’ (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and corporate sectors, and is now widely recognized as a significant macroeconomic concern. This paper presents new evidence of the extent of debt bias, including estimates for banks and non-bank financial institutions both before and after the global financial crisis. It presents policy options to alleviate debt bias, and assesses their effectiveness. The paper finds that thin capitalization rules restricting interest deductibility have only partially been able to address debt bias, but that an allowance for corporate equity has generally proved effective. The paper concludes that debt bias should feature prominently in countries’ tax reform plans in the coming years.
Fiscal Policy and Macroeconomic Stability
Author | : Mr.Xavier Debrun,Radhicka Kapoor |
Publsiher | : International Monetary Fund |
Total Pages | : 48 |
Release | : 2010-05-01 |
Genre | : Business & Economics |
ISBN | : 9781455200702 |
Download Fiscal Policy and Macroeconomic Stability Book in PDF, Epub and Kindle
The paper revisits the link between fiscal policy and macroeconomic stability. Two salient features of our analysis are (1) a systematic test for the government’s ambivalent role as a shock absorber and a shock inducer—removing a downward bias present in existing estimates of the impact of automatic stabilizers—and (2) a broad sample of advanced and emerging market economies. Results provide strong support for the view that fiscal stabilization operates mainly through automatic stabilizers. Also, the destabilizing impact of policy changes not systematically related to the business cycle may not be as robust as suggested in the literature.
Nordic Economic Policy Review Number 1 2010
Author | : Nordic Council of Ministers |
Publsiher | : Nordic Council of Ministers |
Total Pages | : 224 |
Release | : 2010-11 |
Genre | : Political Science |
ISBN | : 9789289320894 |
Download Nordic Economic Policy Review Number 1 2010 Book in PDF, Epub and Kindle
Fiscal Policy in the European Union
Author | : J. Ferreiro,G. Fontana,F. Serrano |
Publsiher | : Springer |
Total Pages | : 219 |
Release | : 2008-11-27 |
Genre | : Business & Economics |
ISBN | : 9780230228269 |
Download Fiscal Policy in the European Union Book in PDF, Epub and Kindle
This book provides a comprehensive analysis of national fiscal policies in the European Union and in the European Monetary Union. Adopting a critical perspective, the book offers a deep insight into the consequences of the current strategy of national fiscal policies on economic activity.
Monetary Policy and Unemployment
Author | : Willi Semmler |
Publsiher | : Taylor & Francis |
Total Pages | : 288 |
Release | : 2004-08-02 |
Genre | : Business & Economics |
ISBN | : 9781135993818 |
Download Monetary Policy and Unemployment Book in PDF, Epub and Kindle
This book pulls together papers presented at a conference in honour of the 1981 Nobel Prize Winner for Economic Science, the late James Tobin. Among the contributors are Olivier Blanchard, Edmund Phelps, Charles Goodhart and Marco Buti. One of the main aims of the conference was to discuss what potential role monetary policy has on economic activity and unemployment reduction in three key currency zones - the United States, European Union and Japan.
The Macroeconomic Effects of a Pandemic in Europe
Author | : Lars Jonung,Werner Röger |
Publsiher | : Unknown |
Total Pages | : 40 |
Release | : 2006 |
Genre | : Epidemics |
ISBN | : IND:30000116373154 |
Download The Macroeconomic Effects of a Pandemic in Europe Book in PDF, Epub and Kindle
Study on the Feasibility of a Tool to Measure the Macroeconomic Impact of Structural Reforms
Author | : Christian Dreger |
Publsiher | : Unknown |
Total Pages | : 132 |
Release | : 2007 |
Genre | : European Union countries |
ISBN | : IND:30000115853784 |
Download Study on the Feasibility of a Tool to Measure the Macroeconomic Impact of Structural Reforms Book in PDF, Epub and Kindle
Recoge: 1. Introduction and objectives - 2. Typology of econometric methods - 3. Selected models to study the impact of reforms - 4. Core and satellite models - 5. Directions to model developing - 6. References.