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Recessions and the Social Safety Net : The Alternative Minimum Tax as a Counter-Cyclical Fiscal Stabilizer

Galle, Brian D.; Klick, Jonathan - 2010

We present an argument from micro-economic foundations suggesting that the federal Alternative Minimum Tax has potentially salutary – and heretofore unrecognized – effects that counteract pathologies of state budgets over the business cycle. AMT liability increases with income, and acts to...

Persistent link: https://www.econbiz.de/10014193711

Recessions and the Social Safety Net : The Alternative Minimum Tax as a Counter-Cyclical Fiscal Stabilizer

Galle, Brian D.; Klick, Jonathan - 2011

Persistent link: https://www.econbiz.de/10014196099

Fiscal consolidations and electoral outcomes in emerging economies : does the policy mix matter? : macro and micro level evidence from Latin America

Ardanaz, Martín; Hallerberg, Mark; Scartascini, Carlos G. - 2019

Do voters punish governments that introduce fiscal "austerity" measures? If so, does voter response vary according to the design (composition) of fiscal adjustments? What determines the timing of fiscal consolidations? The empirical literature on the political economy of fiscal adjustments,...

Persistent link: https://www.econbiz.de/10012052149

Wirtschaftskrisen in Deutschland : Reaktionsmuster von Vetospielern und Agendasetzern

Kiesow, Julia - 2015 - Aufl. 2015

Persistent link: https://www.econbiz.de/10010463393

Fiscal spillovers : the case of US corporate and personal income taxes

Hanson, Madeline; Hauser, Daniela; Priftis, Romanos - 2021 - Last updated: August 20, 2021

This paper extends the identification of unanticipated changes in average federal corporate and personal income tax rates in the United States, as proposed in Mertens and Ravn (2013), to the end of 2019, and assesses their propagation to economies with tight links to the US economy. While cuts...

Persistent link: https://www.econbiz.de/10012604760

Income Tax Policy in Europe between Two Crises : From the Great Recession to the COVID-19 Pandemic

Myck, Michał; Trzciński, Kajetan - 2022

We examine the revenue and redistributive effects of tax policy reforms in twelve European countries over the decade between the financial crisis and the outbreak of the COVID-19 pandemic, setting them against the implications of a hypothetical system reflecting the extent of fiscal drag...

Persistent link: https://www.econbiz.de/10014030811

Variable Rational Partisan Business Cycles : Theory and Some Evidence

Heckelman, Jac C. - 2004

and outcome of the next election. The model predicts that partisan influences on the economy persist throughout the … popularity also has a causal effect on the business cycle. Finally, the effects from changes in election timing expectations are … dependent on which party ruled in the previous period. Empirical results for output and unemployment in Canada, Germany, and …

Persistent link: https://www.econbiz.de/10014113697

Estimating policy-corrected long-term and short-term tax elasticities for the United States, Germany, and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha; Ünal, Umut - 2021 - This version: 23 March 2021

measures for the United States, Germany, and the United Kingdom over the period 1980Q1 to 2018Q2. Employing Romer and Romer … extant literature. Furthermore, we estimate state-dependent elasticities. Our conclusions are as follows. (i) In Germany and …

Persistent link: https://www.econbiz.de/10012543418

Distributional Consequences of Labor Demand Adjustments to a Downturn : A Model-Based Approach with Application to Germany 2008-09

Bargain, Olivier - 2010

Germany. We take as a starting point a very detailed administrative matched employer-employee dataset to estimate labor demand …

Persistent link: https://www.econbiz.de/10013137252

Distributional Consequences of Labor-Demand Shocks : The 2008-09 Recession in Germany

Bargain, Olivier - 2011

lack of real-time microdata. This paper studies the distributional and fiscal implications of output changes in Germany …

Persistent link: https://www.econbiz.de/10013127632