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Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook x Taxation, Subsidies, and Revenue x clear all

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Fiscal Policy with Heterogeneous Agents and Incomplete Markets

Jonathan Heathcote.

in The Review of Economic Studies

January 2005; p ublished online January 2005 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue. 14017 words.

I undertake a quantitative investigation into the short run effects of changes in the timing of proportional income taxes for model economies in which heterogeneous households face a...

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Green growth, degrowth, and the commons

Michael Jakob and Ottmar Edenhofer.

in Oxford Review of Economic Policy

January 2014; p ublished online February 2015 .

Journal Article. Subjects: Welfare and Poverty; Publicly Provided Goods; Taxation, Subsidies, and Revenue; Environmental Economics; Economic Growth and Aggregate Productivity; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 10718 words.

The concepts of ‘green growth’ and ‘degrowth’ occupy central positions in the public debate on the relationship between economic growth and the environment. While proponents of the former...

Housing Market Responses to Transaction Taxes: Evidence From Notches and Stimulus in the U.K.

Michael Carlos Best and Henrik Jacobsen Kleven.

in The Review of Economic Studies

January 2018; p ublished online June 2017 .

Journal Article. Subjects: Taxation, Subsidies, and Revenue; Fiscal Policies and Behaviour of Economic Agents; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 19726 words.

Abstract

We investigate housing market responses to transaction taxes using administrative data on all property transactions in the U.K. from 2004 to 2012...

Intertemporal Distortions in the Second Best

Stefania Albanesi and Roc Armenter.

in The Review of Economic Studies

October 2012; p ublished online February 2012 .

Journal Article. Subjects: Fiscal Policies and Behaviour of Economic Agents; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue. 17069 words.

This paper studies the long-run properties of intertemporal distortions in a broad class of second-best economies. Our unified framework encompasses and extends many well-known models, such...

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Macroeconomic Effects From Government Purchases and Taxes

Robert J. Barro and Charles J. Redlick.

in The Quarterly Journal of Economics

February 2011; p ublished online February 2011 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; National Government Expenditures and Related Policies; Fiscal Policies and Behaviour of Economic Agents; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue. 17845 words.

For U.S. annual data that include World War II, the estimated multiplier for temporary defense spending is 0.4–0.5 contemporaneously and 0.6–0.7 over 2 years. If the change in defense...

Marginal Tax Rates and Income: New Time Series Evidence

Karel Mertens and José Luis Montiel Olea.

in The Quarterly Journal of Economics

November 2018; p ublished online February 2018 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue; Fiscal Policies and Behaviour of Economic Agents. 29919 words.

Abstract

Using new narrative measures of exogenous variation in marginal tax rates associated with postwar tax reforms in the United States, this study...

Non-linear Capital Taxation Without Commitment

Emmanuel Farhi, Christopher Sleet, Iván Werning and Sevin Yeltekin.

in The Review of Economic Studies

October 2012; p ublished online January 2012 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Analysis of Collective Decision-making; Taxation, Subsidies, and Revenue. 11038 words.

We study efficient non-linear taxation of labour and capital in a dynamic Mirrleesian model incorporating political economy constraints. Policies are chosen sequentially over time, without...

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Optimal Fiscal Policy with Recursive Preferences

Anastasios G Karantounias.

in The Review of Economic Studies

October 2018; p ublished online January 2018 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue; National Budget, Deficit, and Debt. 16892 words.

Abstract

I study the implications of recursive utility, a popular preference specification in macro-finance, for the design of optimal fiscal policy. Standard...

Optimal sales tax rebates and tax enforcement consumers

Marcelo Arbex and Enlinson Mattos.

in Oxford Economic Papers

April 2015; p ublished online October 2014 .

Journal Article. Subjects: Law and Economics; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue. 6869 words.

This article incorporates tax evasion and sales tax rebates to consumers into Ramsey’s optimal taxation problem. Consumers may act as tax enforcers by requesting sales receipts, forcing...

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Optimal Taxation in a Limited Commitment Economy

Yena Park.

in The Review of Economic Studies

April 2014; p ublished online October 2013 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; General Equilibrium and Disequilibrium; Taxation, Subsidies, and Revenue. 14114 words.

This article studies optimal Ramsey taxation when risk sharing in private insurance markets is imperfect due to limited enforcement. In a limited commitment economy, there are externalities...

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Optimal Taxation with Private Government Information

Christopher Sleet.

in The Review of Economic Studies

October 2004; p ublished online October 2004 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue. 10743 words.

The Ramsey model of fiscal policy implies that taxes should be smooth in the sense of having small variances. In contrast, empirical labour tax processes are smooth in the sense of being...

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Optimal Taxation with Rent-Seeking

Casey Rothschild and Florian Scheuer.

in The Review of Economic Studies

July 2016; p ublished online March 2016 .

Journal Article. Subjects: Microeconomics; General Equilibrium and Disequilibrium; Welfare Economics; Information, Knowledge, and Uncertainy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue; Demand and Supply of Labour; Wages, Compensation, and Labour Costs. 17279 words.

We develop a framework for optimal taxation when agents can earn their income both in traditional activities, where private and social products coincide, and in rent-seeking activities,...

Resource Funds: Stabilising, Parking, and Inter-generational Transfer

Anthony J. Venables and Samuel E. Wills.

in Journal of African Economies

September 2016; p ublished online October 2016 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; International Finance; Macroeconomic Aspects of International Trade and Finance; Taxation, Subsidies, and Revenue; National Budget, Deficit, and Debt; Economic Development; Non-renewable Resources and Conservation. 9815 words.

The paper explores strategies for managing revenue from natural resources, focusing on the balance between domestic and foreign asset accumulation. It suggests that domestic asset...

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Rethinking the economic borders of the state—ownership, assets, and competition

Dieter Helm.

in Oxford Review of Economic Policy

January 2015; p ublished online October 2015 .

Journal Article. Subjects: Public Economics; Taxation, Subsidies, and Revenue; Publicly Provided Goods; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 9855 words.

The paper sets out a new asset-based framework for the economic borders of the state. It considers how the economic borders have changed in response to major shocks, notably in the 1980s,...

Social discounting, migration, and optimal taxation of savings

Valeria De Bonis and Luca Spataro.

in Oxford Economic Papers

July 2010; p ublished online September 2009 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue. 6741 words.

We study the problem of optimal inheritance and capital income taxation in an economy with migration. We find that, contrary to previous studies on OLG models, even if the utility function...

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Sovereign Wealth Funds and Natural Resource Management in Africa

Samuel E. Wills, Lemma W. Senbet and Witness Simbanegavi.

in Journal of African Economies

September 2016; p ublished online October 2016 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; International Finance; Macroeconomic Aspects of International Trade and Finance; Corporate Governance; Corporate Regulation; Taxation, Subsidies, and Revenue; National Budget, Deficit, and Debt; Publicly Provided Goods; National Government Expenditures and Related Policies; Economic Development; Non-renewable Resources and Conservation. 8386 words.

Non-renewable resources dominate nearly one quarter of the world's economies. Over half of these economies are developing, with many in Africa. Managing resource revenues is one of the most...

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Tax and Expenditure Reforms in Africa: An Overview

Ramos E. Mabugu and Witness Simbanegavi.

in Journal of African Economies

March 2015; p ublished online February 2015 .

Journal Article. Subjects: Economic Development; Fiscal Policies and Behaviour of Economic Agents; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Taxation, Subsidies, and Revenue. 6605 words.

Taxation is recognised as being able to affect economic growth, poverty and inequality. In Africa, taxation is an instrument that can be used to promote development. Like other countries,...

Taxation and Labour Supply of Married Couples across Countries: A Macroeconomic Analysis

Alexander Bick and Nicola Fuchs-Schündeln.

in The Review of Economic Studies

July 2018; p ublished online October 2017 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue; Fiscal Policies and Behaviour of Economic Agents; Demographic Economics; Demand and Supply of Labour. 19064 words.

Abstract

We document contemporaneous differences in the aggregate labour supply of married couples across seventeen European countries and the U.S. Based on a...