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The Cost of Public Funding with Direct and Indirect Taxation - a Revisit

Holtsmark, Bjart; Holtsmark, Katinka Kristine - 2021

The paper shows that the marginal cost of public funds (MCF) does not depend on whether public revenue is collected by taxation of consumer goods or income from factors supplied by households on the market. Atkinson and Stern (1974) concluded in their seminal paper that “[...] whether the...

Persistent link: https://www.econbiz.de/10013244242

Welfare Effects of Indirect Tax Policies in West Africa

Babatoundé, Alain; Capéau, Bart; Houssa, Romain - 2023

In West Africa, the Value Added Tax (VAT) policy consists of a uniform tax rate, but several items consumed by rich and poor households, are exempted. We provide an optimal tax framework to reflect on the welfare effects of such a tariff structure, in the context of current debates on domestic...

Persistent link: https://www.econbiz.de/10014357634

Taxes, Status Goods, and Piracy

Balestrino, Alessandro - 2012

This paper studies the design of indirect redistributive taxation and of corrective taxation, as well as the formation of equilibrium indirect tax policies via a political process, in the presence of status goods, allowing for the possibility that illegal copies of those goods may be purchased...

Persistent link: https://www.econbiz.de/10013111991

Tax Evasion and Competition

Goerke, Laszlo; Runkel, Marco - 2021

Using a Cournot oligopoly model with an endogenous number of firms and evasion of indirect taxes, this paper shows that more intense competition may have the negative side-effect of eroding tax revenues by increasing tax evasion. This will be the case if market entry costs decrease. A similar...

Persistent link: https://www.econbiz.de/10013316822

Exchange Rate and Inflation Under Weak Monetary Policy : Turkey Verifies Theory

Gürkaynak, Refet S.; Kısacıkoğlu, Burçin; Lee, … - 2022

experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the “standard model” suffice to explain the broad contours of macroeconomic outcomes in …

Persistent link: https://www.econbiz.de/10014083478

A Tale of (Almost) 1001 Coefficients : Deep and Heterogeneous Effects of the Eu-Turkey Customs Union

Larch, Mario - 2019

In view of the deferred start of negotiations for the modernization of the Customs Union between the EU and Turkey (CU … additional increase in EU-Turkey manufacturing trade by 55-65% compared to the previously active Ankara Agreement. We also … provide evidence that the CU-EUT significantly increased Turkey’s trade with third countries. Additionally, a substantial …

Persistent link: https://www.econbiz.de/10012892084

Forensics, Elasticities and Benford's Law

Demir, Banu - 2019

Estimates of the trade elasticity based on actual trade policy changes are scarce, and the few that exist are all over the place. This paper offers a setting where an exogenous increase in a border tax can be used to estimate the trade elasticity. It shows theoretically and empirically that if...

Persistent link: https://www.econbiz.de/10012892309

Labor Market Institutions, Fiscal Multipliers, and Macroeconomic Volatility

Boeck, Maximilian; Crespo Cuaresma, Jesús; Glocker, … - 2022

We study empirically how various labor market institutions – (i) union density, (ii) unemployment benefit remuneration, and (iii) employment protection – shape fiscal multipliers and output volatility. Our theoretical model highlights that more stringent labor market institutions attenuate...

Persistent link: https://www.econbiz.de/10014083477

What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers

Castelnuovo, Efrem - 2019

This article reviews recent research findings on the effects of fiscal multipliers in normal times, during booms/busts, and in the presence of the zero lower bound. Studies on the effects of fiscal policy in open economy settings as well as contributions on the fiscal-monetary policy mix are...

Persistent link: https://www.econbiz.de/10012892219

Monetary Policy Interactions : The Policy Rate, Asset Purchases, and Optimal Policy with an Interest Rate Peg

Gödl-Hanisch, Isabel; Mau, Ronald; Rawls, Jonathan - 2023

a fixed policy rate. This policy induces similar welfare losses relative to dual-instrument policy as inflation …

Persistent link: https://www.econbiz.de/10014357043