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Tax Reduction, Debt Stabilisation and Policy Rules: An Application to New Zealand
Osborne, C.; Wells, G. - Research School of Economics, College of Business and … - 1998
Recent reforms in New Zealand have focused attention on the achievement of well-specific objectives for monetary and fiscal policy. The Reserve Bank Act requires that monetary policy be directed towards maintenance of inflation in the 0-2 per cent range. The Fiscal Responsibility Act specifies a...
Persistent link: https://www.econbiz.de/10004971347
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Is the Only Good Tax an Old Tax? A Historical Perspective on the GST Debate.
Smith, Julie - Research School of Economics, College of Business and … - 1999
This paper critiques the arguments put by the Howard Government for an unadulterated, flat rate GST policy, by taking the characterisation of the current wholesale sales tax (WST) as an outdated tax without design or logic, ans showing this view to be historically wrong and superficial. It does...
Persistent link: https://www.econbiz.de/10004971398
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The Treatment of Financial Services Under a Broad-Based Consumption Tax.
Jack, W. - Research School of Economics, College of Business and … - 1998
This paper examines the appropriate taxation of financial services under a broad-based consumption tax. It is assumed …
Persistent link: https://www.econbiz.de/10004977248
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The Effects of Tax Shocks on Output: Not So Large, But Not Small Either
Perotti, Roberto - C.E.P.R. Discussion Papers - 2011
theoretical grounds the discretionary component of taxation should be allowed to have different effects on output than the … Favero and Giavazzi (2010): typically, a one percentage point of GDP increase in taxes leads to a decline in GDP by about 1 …
Persistent link: https://www.econbiz.de/10008854466
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A Cross-Country Analysis of the Tax-Push Hypothesis
Schioppa, Padoa; Kostoris, Fiorella - C.E.P.R. Discussion Papers - 1991
A microeconomic theoretical model shows that two factors - the compensation and progressivity effects - produce the shifting (if any) of tax rates on wage formation. From an analytical viewpoint, they may be positive or negative and of equal or different sign. A microfounded nested macroeconomic...
Persistent link: https://www.econbiz.de/10005114165
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Tax Rates, Progressivity and de facto Fiscal Indexation in Ten European Countries
Schioppa, Padoa; Kostoris, Fiorella - C.E.P.R. Discussion Papers - 1991
Difficulties in European fiscal harmonization will mainly depend on present inter-country differences in effective rather than scheduled tax rates and tax structures. This paper therefore tries to evaluate the historical and current heterogeneities and similarities which characterize not only de...
Persistent link: https://www.econbiz.de/10005114279
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The Taxation of Entrepreneurial Income in a Transition Economy: Issues Raised by Experience in Poland
MEP, Grabowski; Maciej, Dariusz; Smith, Stephen - C.E.P.R. Discussion Papers - 1995
This paper considers the taxation of small business and entrepreneurial incomes in Poland. In both transition economies … and existing West European market economies, the efficient taxation of entrepreneurial incomes presents particular … to the taxation of entrepreneurs in transition economies. …
Persistent link: https://www.econbiz.de/10005656322
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Wars, Redistribution and Civilian Federal Expenditures in the US over the Twentieth Century
Beetsma, Roel; Cukierman, Alex; Giuliodori, Massimo - C.E.P.R. Discussion Papers - 2005
revenues in the following sense. Invariably, the share of taxes and revenues in GDP goes up, and the share of transfers goes … down, when the share of defence expenditures goes up. But taxes go down less and transfers go up more per unit change in … defence expenditures when those expenditures go down at the war’s conclusion than the amounts by which taxes go up and …
Persistent link: https://www.econbiz.de/10005114428
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The Confidence Effects of Fiscal Consolidations
Beetsma, Roel; Cimadomo, Jacopo; Furtuna, Oana; … - C.E.P.R. Discussion Papers - 2014
We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission that has received particular attention recently as a result of governments embarking on austerity trajectories in the aftermath of the crisis. Panel regressions based on the...
Persistent link: https://www.econbiz.de/10011083434
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Russian Fiscal Federalism: Impact of Political and Fiscal (De)centralization
Alexeev, Michael; Weber, Shlomo - C.E.P.R. Discussion Papers - 2013
evaluating the response of regional government’s expenditures to changes in the size of the GRP (gross regional product) and to … changes in the region’s tax collections. While the results related to regional shares of tax revenues and expenditures are … than for tax revenues but greater than for budget expenditures, which stresses the effectiveness of budget equalization …
Persistent link: https://www.econbiz.de/10011084505