Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations

This book PDF is perfect for those who love Business & Economics genre, written by Ms.Era Dabla-Norris and published by International Monetary Fund which was released on 28 September 2018 with total hardcover pages 47. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations books below.

Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations
Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations
Author : Ms.Era Dabla-Norris
File Size : 47,9 Mb
Publisher : International Monetary Fund
Language : English
Release Date : 28 September 2018
ISBN : 9781484377451
Pages : 47 pages
Get Book

Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations by Ms.Era Dabla-Norris Book PDF Summary

This paper examines the macroeconomic effects of tax changes during fiscal consolidations. We build a new narrative dataset of tax changes during fiscal consolidation years, containing detailed information on the expected revenue impact, motivation, and announcement and implementation dates of nearly 2,500 tax measures across 10 OECD countries. We analyze the macroeconomic impact of tax changes, distinguishing between tax rate and tax base changes, and further separating between changes in personal income, corporate income, and value added tax. Our results suggest that base broadening during fiscal consolidations leads to smaller output and employment declines compared to rate hikes, even when distinguishing between tax types.

Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations

Macroeconomic Effects of Tax Rate and Base Changes Evidence from Fiscal Consolidations by Ms.Era Dabla-Norris,Frederico Lima

This paper examines the macroeconomic effects of tax changes during fiscal consolidations. We build a new narrative dataset of tax changes during fiscal consolidation years, containing detailed information on the expected revenue impact, motivation, and announcement and implementation dates of nearly 2,500 tax measures across 10 OECD countries. We analyze the macroeconomic

Get Book
Macroeconomic Effects of Tax Rate and Base Changes

Macroeconomic Effects of Tax Rate and Base Changes by Frederico Lima,Era Dabla-Norris

This paper examines the macroeconomic effects of tax changes during fiscal consolidations. We build a new narrative dataset of tax changes during fiscal consolidation years, containing detailed information on the expected yield, motivation, and announcement and implementation dates of more than 2,000 tax measures across 10 OECD countries. Using this data, we

Get Book
The Macroeconomic and Distributional Implications of Fiscal Consolidations in Low income Countries

The Macroeconomic and Distributional Implications of Fiscal Consolidations in Low income Countries by Adrian Peralta-Alva,Ms.Marina Mendes Tavares,Xuan S. Tam,Xin Tang

We quantitatively investigate the macroeconomic and distributional impacts of fiscal consolidations in low-income countries (LICs) through value added tax (VAT), personal income tax (PIT), and corporate income tax (CIT). We extend the standard heterogeneous agents incomplete markets model by including multiple sectors and rural-urban distinction to capture salient features of

Get Book
Political Costs of Tax Based Consolidations

Political Costs of Tax Based Consolidations by Chuling Chen,Ms.Era Dabla-Norris,Jay Rappaport,Ms.Aleksandra Zdzienicka

This paper studies the impact of tax-based consolidations on reelection outcomes. Using a granular database of tax-based consolidations for a panel of 10 OECD countries over the last 40 years, we find that tax reforms are politically costly but some reforms are costlier than others. Measures aimed primarily at reducing existing deficits

Get Book
Tax Reforms and Fiscal Shock Smoothing

Tax Reforms and Fiscal Shock Smoothing by Mr.David Amaglobeli,Laura Jaramillo,Pooja Karnane,Ms.Aleksandra Zdzienicka

This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies during the period 1980-2017. The results suggest that tax reforms, in particular those that broaden the tax base, significantly enhance the ability of fiscal policy to mitigate the impact of

Get Book
The Fiscal State Dependent Effects of Capital Income Tax Cuts

The Fiscal State Dependent Effects of Capital Income Tax Cuts by Alexandra Fotiou,Ms.Wenyi Shen,Shu-Chun Susan Yang

Using the post-WWII data of U.S. federal corporate income tax changes, within a Smooth Transition VAR, this paper finds that the output effect of capital income tax cuts is government debt-dependent: it is less expansionary when debt is high than when it is low. To explore the mechanisms that

Get Book
The Dynamic Macroeconomic Effects of Tax Policy in an Overlapping Generations Model

The Dynamic Macroeconomic Effects of Tax Policy in an Overlapping Generations Model by Ben J. Heijdra,Jenny E. Ligthart,Johanna Elisabeth Ligthart

The paper studies the dynamic allocation effects of tax policy in the context of an overlapping generations model of the Blanchard-Yaari type. The model is extended to allow for endogenous labor supply and three tax instruments: a capital income tax, labor income tax, and consumption tax. Analytical expressions and simple

Get Book
The Value Added Tax and Growth Design Matters

The Value Added Tax and Growth Design Matters by Mr.Santiago Acosta Ormaechea,Atsuyoshi Morozumi

Does the design of a tax matter for growth? Assembling a novel dataset for 30 OECD countries over the 1970-2016 period, this paper examines whether the value added tax (VAT) may have different effects on long-run growth depending on whether it is raised through the standard rate or through C-efficiency (a

Get Book