Search Results - subject:"Non‐linear"

Bierbrauer, Felix J.; Boyer, Pierre C.; Peichl, Andreas; … - 2023

This paper studies the tax treatment of couples. We develop two different approaches. One is tailored to the analysis of tax systems that stick to the principle that the tax base for couples is the sum of their incomes. One is tailored to the analysis of reforms toward individual taxation. We...

Persistent link: https://www.econbiz.de/10014377389

Inequality and the Zero Lower Bound

Fernández-Villaverde, Jesús; Marbet, Joël; Nuño, Galo; … - 2023

This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates on aggregate dynamics. To do so, we consider a heterogeneous agent New Keynesian (HANK) model with an occasionally binding ZLB and solve for its fully nonlinear stochastic...

Persistent link: https://www.econbiz.de/10014377446

The Taxation of Couples

Bierbrauer, Felix; Boyer, Pierre; Peichl, Andreas; … - 2023

Are reforms towards individual taxation politically feasible? Are they desirable from a welfare perspective? We develop a method to answer such questions and apply it to the US federal income tax since the 1960s. Main findings are: As of today, Pareto-improvements require a move away from joint...

Persistent link: https://www.econbiz.de/10014467831

Pareto‐Improving Tax Reforms and the Earned Income Tax Credit

Bierbrauer, Felix J.; Boyer, Pierre C.; Hansen, Emanuel - In: Econometrica 91 (2023) 3, pp. 1077-1103

We develop a new approach for the identification of Pareto‐improving tax reforms. This approach yields necessary and sufficient conditions for the existence of Pareto‐improving reform directions. A main insight is that “Two brackets are enough”: When the system cannot be improved by...

Persistent link: https://www.econbiz.de/10014504125

Synchronization of endogenous business cycles

Pangallo, Marco - 2023

that produce business cycles endogenously, through some form of non-linear dynamicsâ€'limit cycles or chaos. These models … between non-linear dynamics, shock propagation and network structure, and use this theory to understand the mechanisms of … business cycles are at least in part caused by underlying non-linear dynamics. …

Persistent link: https://www.econbiz.de/10014541813

Forecasting Indian Goods and Services Tax revenue using TBATS, ETS, Neural Networks, and hybrid time series models

Thayyib, P. V.; Thorakkattle, Muhammed Navas; Usmani, Faisal - In: Cogent Economics & Finance 11 (2023) 2, pp. 1-23

exhibit linear and non-linear fluctuations due to the dynamic economic environment, changes in tax rates and tax base, and tax … Neural Networks (ANN), Neural Networks for Autoregression (NNAR), which capture both linear and non-linear relationships … models combining linear models, non-linear models, and neural network models. The findings reveal that the Hybrid Theta …

Persistent link: https://www.econbiz.de/10015074646

Structure of R&D capital expenditure and national total factor productivity

Marire, Juniours - In: Cogent Economics & Finance 11 (2023) 1, pp. 1-24

for the period 1965 to 2019. This study employs the non-linear distributed lag modelling framework to cater for non …

Persistent link: https://www.econbiz.de/10015074655

Is gold an inflation hedge in Vietnam? A non-linear approach

In: Cogent Economics & Finance 11 (2023) 2, pp. 1-18

government management has affected the domestic gold market, two local gold prices (SJC and 9999) were employed. The non-linear …. The result reveals that the relationships between CPI and gold prices are non-linear (asymmetric) and gold can only hedge …

Persistent link: https://www.econbiz.de/10015074812

Trade openness, foreign direct investment and industrialisation in Ghana

Akorsu, Patrick Kwashie; Okyere, Samuel - In: Cogent Economics & Finance 11 (2023) 1, pp. 1-28

series approaches, involving Autoregressive Distributed Lag (ARDL) and Non-Linear Autoregressive Distributed Lag (NARDL …

Persistent link: https://www.econbiz.de/10015074890

The taxation of couples

Bierbrauer, Felix; Boyer, Pierre C.; Peichl, Andreas; … - 2023

This paper studies the tax treatment of couples. We develop two different ap-proaches. One is tailored to the analysis of tax systems that stick to the principle that the tax base for couples is the sum of their incomes. One is tailored to the analysis of reforms toward individual taxation. We...

Persistent link: https://www.econbiz.de/10014374646