Similar Search Results

Investment Responses to Tax Policy Under Uncertainty

Guceri, Irem - 2019

How does economic uncertainty affect the impact of tax policy? We exploit a natural experiment in which two very similar investment subsidies were implemented in the same country, two years apart: once during a period of economic stability, and once during a period of very high uncertainty....

Persistent link: https://www.econbiz.de/10012859606

Unemployment and Tax Design

Hummel, Albert Jan - 2021

between high wages and low unemployment risk. A higher marginal tax rate shifts the trade-off in favor of low unemployment … risk, whereas a higher tax burden or unemployment benefit has the opposite effect. Changes in unemployment generate fiscal … unemployment risk is taken into account …

Persistent link: https://www.econbiz.de/10013219072

Excise Taxation for Domestic Resource Mobilization

Cnossen, Sijbren - 2020

Most governments will have to raise additional resources to deal with the aftermath of the corona crisis. This paper argues that excise duties on drinking, smoking, gambling, sugar-sweetened beverages, plastics, fossil fuels, motoring, telecoms and platforms are the preferred instruments. In...

Persistent link: https://www.econbiz.de/10012827664

The Optimal Amount of Attention to Capital Income Risk and Heterogeneous Precautionary Saving Behavior

Yin, Penghui - 2019

uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … capacity, assuming a relative risk aversion degree larger than unity. Furthermore, we solve for attention choice and find that …

Persistent link: https://www.econbiz.de/10012892117

Policy Coordination Under Model Disagreement and Uncertainty

Hefeker, Carsten - 2019

What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and show that uncertainty not only determines the type of...

Persistent link: https://www.econbiz.de/10012892108

The Impact of Aggregate Uncertainty on Firm-Level Uncertainty

Easaw, Joshy Z.; Grimme, Christian - 2021

We analyse the extent to which firm-level uncertainty is affected by aggregate uncertainty. Firm-level uncertainty is constructed from a large and monthly panel dataset of manufacturing firms. We find that aggregate uncertainty has a positive and robust impact on firm-level uncertainty. This...

Persistent link: https://www.econbiz.de/10013239562

Ambiguous Protection

Gründler, Klaus; Hillman, Arye L. - 2021

Import regulations are globally the most prevalent form of intervention in international trade. The regulations should, under rules of the WTO, protect consumers and the environment but can be used to protect producers. We investigate the ambiguity of intent. We set out a model that when applied...

Persistent link: https://www.econbiz.de/10013246466

Policy Competition, Imitation and Coordination Under Uncertainty

Hefeker, Carsten - 2022

The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they prefer to imitate policies initiated in other countries, and when they prefer to coordinate policies internationally. Policymakers have private costs of active policies and...

Persistent link: https://www.econbiz.de/10013289693

Sectoral Uncertainty

Castelnuovo, Efrem; Tuzcuoglu, Kerem; Uzeda, Luis - 2022

We propose a new empirical framework that jointly decomposes the conditional variance of economic time series into a common and a sector-specific uncertainty component. We apply our framework to a large dataset of disaggregated industrial production series for the US economy. Our results...

Persistent link: https://www.econbiz.de/10014243086

Tax Uncertainty and Welfare-Improving Tax Disputes

Hashimzade, Nigar - 2023

Tax law is often uncertain. In particular, the use of tax shelters tends to be in the “grey area” between illegal tax evasion and legal tax avoidance. In this paper I show that uncertainty in tax law can help achieve higher efficiency than allowing or disallowing a tax shelter with...

Persistent link: https://www.econbiz.de/10014357509