Search Results - subject:"Distortionary Taxation"

Schulz, Karl; Tsyvinski, Aleh; Werquin, Nicolas - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 4, pp. 1665-1710

Economic disruptions generally create winners and losers. The compensation problem consists of designing a reform of the existing income tax system that offsets the welfare losses of the latter by redistributing the gains of the former. We derive a formula for the compensating tax reform and its...

Persistent link: https://www.econbiz.de/10014440094

Generalized compensation principle

Schulz, Karl; Tsyvinski, Aleh; Werquin, Nicolas - In: Theoretical Economics 18 (2023) 4, pp. 1665-1710

Persistent link: https://www.econbiz.de/10014536858

Composition of taxes and growth: Evidence from OECD panel data

Luo, Weijie - 2019

taxation did not reduce growth, while an increase in non-distortionary taxation had a negative association with growth. When … the data are extended to the great recession and its recovery period (1980−2015), distortionary taxation … significantly reduces growth as originally conjectured, but the negative effect of non-distortionary taxation survives. This paper …

Persistent link: https://www.econbiz.de/10012029039

Composition of taxes and growth : evidence from OECD panel data

Luo, Weijie - 2019

taxation did not reduce growth, while an increase in non-distortionary taxation had a negative association with growth. When … the data are extended to the great recession and its recovery period (1980−2015), distortionary taxation significantly … reduces growth as originally conjectured, but the negative effect of non-distortionary taxation survives. This paper argues …

Persistent link: https://www.econbiz.de/10012028907

Optimal deficit-spending in a liquidity trap with long-term government debt

De Beauffort, Charles - 2022

When the government issues long-term bonds, the optimal time-consistent fiscal and monetary policy is to consolidate debt in a liquidity trap by increasing taxes and by taming public spending. This prescription is at odds with large deficit-spending undertaken in the US during previous liquidity...

Persistent link: https://www.econbiz.de/10014305308