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An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Blanchard, Olivier - 1999

This paper characterizes the dynamic effects of shocks in government spending and taxes on economic activity in the … the automatic response of taxes and spending to activity, and, by implication, to infer fiscal shocks. The results … negative effect. The multipliers for both spending and tax shocks are typically small. Turning to the effects of taxes and …

Persistent link: https://www.econbiz.de/10012471521

Tax Structure and Government Behavior : Implications for Tax Policy

Gordon, Roger H. - 1999

desirable directions, but it also makes Pigovian taxes on negative externalities less effective …

Persistent link: https://www.econbiz.de/10012471546

Optimal Government Spending and Taxation in Endgenous Growth Models

Corsetti, Giancarlo - 1996

This paper analyzes optimal spending, tax and financial policies in models of endogenous growth where public spending is productive. We extend previous work in four directions. First, we analyze optimal policies when the government is allowed to borrow and lend, rather than being restricted to...

Persistent link: https://www.econbiz.de/10012472977

Fiscal Expansions and Fiscal Adjustments in OECD Countries

Alesina, Alberto - 1995

This paper considers budget expansions and adjustments in OECD countries in the last three decades. Our main results are: i) on average fiscal expansions are the results of increases in expenditures, particularly of transfer programs, while contractions are typically due to tax increases; ii)...

Persistent link: https://www.econbiz.de/10012473663

Determinants of External Imbalances : The Role Taxes, Government Spending and Productivity

Leiderman, Leonardo - 1991

This paper develops and estimates a dynamic optimizing model of the current account. The model focuses, on real factors that determine the evolution of saving and investment, and hence the external balance. Three types of shocks are at the center of the analysis: productivity shocks, shocks to...

Persistent link: https://www.econbiz.de/10012475267

Fiscal Policy and Households' Inflation Expectations : Evidence from a Randomized Control Trial

Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - National Bureau of Economic Research - 2021

observing how they revise their expectations about future inflation as well as taxes and government spending. We find that …

Persistent link: https://www.econbiz.de/10012482700

What do we know about the effects of Austerity?

Alesina, Alberto F. - 2018

This paper summarizes the results of a large recent literature on multi year fiscal plans for deficit reduction (austerity). The key results are that deficit reduction policies based upon spending cuts are much less costly in terms of short run output losses than tax based adjustments. On...

Persistent link: https://www.econbiz.de/10012453468

Where Do My Tax Dollars Go? Tax Morale Effects of Perceived Government Spending

Giaccobasso, Matías; Nathan, Brad C.; Perez-Truglia, … - National Bureau of Economic Research - 2022

Do perceptions about how the government spends tax dollars affect the willingness to pay taxes? We designed a field … the share of property tax revenues that fund public schools and the share of property taxes that are redistributed to … willingness to pay taxes. We find that some perceptions about government spending have a significant effect on the probability of …

Persistent link: https://www.econbiz.de/10012938758

The Insurance Value of State Tax-and-Transfer Programs

Hoynes, Hilary W. - 2010

to predictable changes in income (and family circumstances), and insurance value, which occurs when taxes and transfers … taxes over a 10-year period. We model state taxes (personal income taxes, the EITC, and sales taxes) and state means …

Persistent link: https://www.econbiz.de/10012462377

States in Fiscal Distress

Inman, Robert P. - 2010

state deficits and the need to increase state taxes, cut spending, and withdraw funds from state rainy day accounts. The …

Persistent link: https://www.econbiz.de/10012462569