Consumption tax

... (cα t (1−nt)1−α)1−η−1 1−η as in Cooley and Prescott (1995), Chari, Christiano and Kehoe (1995) or Uhlig (2004). ... 0 and 0.5. Further, Kniesner and Ziliak (2005) estimate a Frisch labor supply elasticity of 0.5, Chari, Kehoe and McGrattan (2000) find an elasticity of 0.8 ...

This paper describes a dynamic stochastic general equilibrium model featuring a fraction of non-Ricardian agents in order to estimate the effects of fiscal policy in the euro area by means of Bayesian techniques. The model accounts for distortionary taxation on labor and capital income and on consumption, while expenditures are broken down into purchases of goods and services, compensation of

Tax structure, public capital and business cycle. The aim of this paper is to analize the potential effects that different tax and public invest- ment policies would have on the business cycle features. We set a general equilibrium model, calibrated with Spanish economy data, where public capital stock is an additional input. The use of different taxes to fulfill the

Abstract - The regressivity of the gasoline,tax and,other consumption taxes has been,challenged,on the grounds,that the use of annual as opposed,to lifetime income,and consumption,data leads to a substantial overestimate,of regressivity.Rather than rely on proxies for lifetime income, in this paper panel data on gasoline consumption,and,income,are used to measure,incidence,over an intermediate time period. When,people,are grouped into 11-year average income deciles, average,gasoline,tax burdens,are only slightly less regressive than annual burdens. The main,reason,for the similarity of annual and,intermediate- run burdens,is the limited degree,of income,mobility over an 11-year period.

Autori sa v monografii venovali deskripcii genézy a aktuálneho stavu právnej úpravy spotrebných daní v Slovenskej republike v interakcii s harmonizačným procesom a taktiež identifikovaniu vzájomnej závislosti právnej úpravy a príjmov zo zdaňovania spotrebnými daňami s efektom na štátny rozpočet SR. Vzhľadom na dôležitosť a opodstatnenosť skúmanej problematiky, predovšetkým vo vzťahu k budúcemu fungovaniu Európskej únie, ako aj dopadu na výkonnosť hospodárstva jednotlivých členských štátov, s dôrazom na rozvoj a kvalitné fungovanie jednotného vnútorného trhu, sa autori prostredníctvom publikovania monografie pokúšajú vyvolať širšiu odbornú diskusiu k ich vlastným zosumarizovaným prezentovaným výsledkom, ktoré boli získané počas celého obdobia riešenia vedeckého projektu, týkajúcich sa aktuálnych trendov ako aj perspektívy v oblasti daňovej politiky EÚ a jej vplyvu na vnútroštátne daňové zákonodarstvo v Slovenskej republike v oblasti spotrebných daní v interakcii s rozpočtovými dopadm...

This paper analyses the effect of a tax mix modification. More precisely, the authors assess the relevance of increasing consumption taxes and at the same time decreasing income taxes. Several arguments in favour of modifying the tax mix are analysed such as its impacts on savings, on labour supply and on tax compliance. While the Quebec government has recently modified its tax mix, the authors observe that it still relies more on income taxes, compared to the OECD countries average. However, comparative analysis data does not show any tendencies concerning the modification of the tax mix in developed countries. In fact, the reduction of income taxes observed in the analyzed countries is much more the consequence of a desire to decrease the tax burden rather than a desire for a modification of the tax mix. In this context, if the Quebec government is going to go forward with a tax mix reform, the authors suggest a moderate reform since the consumption tax rate is already one the hig...

This paper formulates and estimates an open-economy overlapping generation general-equilibrium model of endogenous heterogeneous human capital in the form of schooling and on-the-job training. Physical capital accumulation is also analyzed. We use the model to explain rising wage inequality in the past two decades due to skill-biased technical change and to estimate investment responses. We compare an open economy version with a closed economy version. Using our empirically grounded general equilibrium model that explains rising wage inequality, we evaluate two policies often suggested as solutions to the problem of rising wage inequality: (a) tuition subsidies to promote skill formation and (b) tax policies. We establish that conventional partial equilibrium policy evaluation methods widely used in labor economics and public finance give substantially misleading estimates of the impact of national tax and tuition policies on skill formation. Conventional microeconomic methods for e...

Tax-based deficit reduction experiments for the U.S.\@ and EMU-12 are conducted using an open economy model. In welfare terms, raising the consumption tax is the least costly, followed by the labor income tax, then the capital income tax. Use of an open economy model means that the incidence of the consumption tax is borne in part by foreign producers. Among revenue-neutral tax experiments, partially replacing the capital income tax is welfare-enhancing, although there are short term losses. Replacing labor income tax revenue with a consumption tax improves international competitiveness and is welfare-improving.

The objective of this paper is to present a comprehensive, multi-regional trade model which includes all types of state trading enterprises (STEs) as well as other domestic and trade policies. The model is applied to measure the effects of STEs on the world wheat sector, where exports and imports by STEs are dominant. The STE model is based on a

This dissertation is entitled ``Essays in Fiscal Policy: Computational Accuracy and Optimal Investments in Public, Private, and Human Capital'. The dissertation tries to answer three questions. First, how good are linearization and higher-order approximations in an endogenous growth model with public capital? Second, how important are transitional dynamics when assessing alternative fiscal policies when comparing long-run growth versus welfare? Third,

This study compares Quebec's tax effort with that of the other Canadian provinces. The results show that the tax effort is higher in Quebec than in any other Canadian province. In the first section, the authors expose the global situation that currently prevails in Quebec. In the second section, an analysis of the tax effort for six tax bases is carried out. Those six bases are equally divided between individuals and corporations. The analysis makes it possible to identify the tax bases where the gaps are the largest. This in turn lets us identify achievable adjustments within Quebec's current tax structure in order to attain a comparable structure with the other provinces, if such is the wish of the present government. L'etude compare l'effort fiscal du Quebec a celui des autres provinces canadiennes. On y constate que l'effort fiscal est effectivement superieur au Quebec relativement aux autres provinces canadiennes. Dans la premiere partie de l'etude, les ...