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Optimal redistribution : rising inequality vs. rising living standards

Ferriere, Axelle; Grübener, Philipp; Sachs, Dominik - 2024

standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living …

Persistent link: https://www.econbiz.de/10014551008

Optimal threshold taxation : an empirical investigation for developing economies

Menescal, Lucas; Alves, José - 2022

In this empirical study we assess both linear and nonlinear relationship between total taxation and several tax items … evaluate the effects of taxation on economic growth for both short and long run perspectives, and to find optimal tax threshold … values. We obtain evidence of nonlinear relationships between all tax items, except for corporate income taxation, as well as …

Persistent link: https://www.econbiz.de/10013255645

Time-consistent fiscal policy under heterogeneity : conflicting or common interests?

Angelopulos, Kōnstantinos; Malley, James R.; … - 2011

improving means to reduce inefficiently high capital taxation under discretion is for the government to place greater weight on …

Persistent link: https://www.econbiz.de/10009127740

Government budget deficits in large open economies

Buiter, Willem H.; Sibert, Anne C. - 2011

coordination ; optimal taxation …

Persistent link: https://www.econbiz.de/10009130177

Fiscal policy reaction to the cycle in the OECD : pro- or counter-cyclical?

Égert, Balázs - 2012

This paper analyses the reaction of fiscal policy to the cycle in OECD countries. The results suggest that while overall government balances were counter-cyclical in the past and more so in economic downturns than in upswings, discretionary fiscal policy was neutral on average. However,...

Persistent link: https://www.econbiz.de/10009518240

Can poductive government spending be the engine of long-run growth when labor supply is engogenous?

Park, Hyun; Philippopulos, Apostolēs - 2002

We reexamine the properties of optimal fiscal policy and their implications for implementable capital accumulation. The setup is a standard endogenous growth model with public production services, augmented by elastic labor supply. We show that, when a benevolent government chooses a distorting...

Persistent link: https://www.econbiz.de/10011409385

Are fiscal consolidation episodes helpful for public sector efficiency?

Afonso, António; Alves, José - 2022

We assess the consequences of fiscal consolidation episodes on public sector efficiency (scores) for 35 OECD countries for the 2007-2020 period. We find that fiscal consolidations improve public sector efficiency and results are robust across efficiency models. Moreover, peripheral euro-area...

Persistent link: https://www.econbiz.de/10013202419

Tax cuts starve the beast! : evidence from Germany

Fuest, Clemens; Neumeier, Florian; Stöhlker, Daniel - 2019

The 'starving the beast' hypothesis claims that tax cuts lead to lower public spending, rather than higher debt levels and higher taxes in the future. This paper uses the institutional setting of German fiscal federalism to its advantage in order to explore how fiscal policy reacts to exogenous...

Persistent link: https://www.econbiz.de/10012157329

The macroeconomic effects of funding U.S. infrastructure

Malley, James R.; Philippopulos, Apostolēs - 2022

This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...

Persistent link: https://www.econbiz.de/10012801569

Optimal taxation and constrained inefficiency in an infinite-horizon economy with incomplete markets

Gottardi, Piero; Kajii, Atsushi; Nakajima, Tomoyuki - 2011

level. -- incomplete markets ; Ramsey equilibrium ; optimal taxation ; optimal public debt ; constrained inefficiency …

Persistent link: https://www.econbiz.de/10009273122