Tax reforms, "free lunches", and "cheap lunches" in open economies /

This paper focuses on the macroeconomic and budgetary impact of tax reforms in a New Keynesian two-country model. Our results show that both income and consumption unilateral tax rate reductions do not constitute a "free lunch", in the sense that they have negative budgetary consequences f...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Ganelli, Giovanni (Autor), Tervala, Juha (Autor)
Autor Corporativo: IMF Institute
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2008.
Colección:IMF working paper ; WP/08/227.
Temas:
Taxation > Econometric models.
Public welfare > Econometric models.
Impôt > Modèles économétriques.
Aide sociale > Modèles économétriques.
Public welfare > Econometric models
Taxation > Econometric models
Steuerreform.
Offene Volkswirtschaft.
Zwei-Länder-Modell.
Ungleichgewichtstheorie.
Laffer-Kurve.
Theorie.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. The Model; A. Households; B. The Government; C. Firms; D. The Initial Steady State; III. Parameterization; IV. The Domestic and International Effects of a Cut in the Income Tax Rate; A. The Impact on the Domestic Economy; B. The International Effects; V. Consumption Tax Cuts; VI. A Revenue Neutral Tax Reform; VII. Sensitivity Analysis; VII. Conclusions; Appendix; References

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