Title The dynamic macroeconomic effects of tax policy in an overlapping generations model / prepared by Ben J. Heijdra and Jenny E. Ligthart

Published [Washington, D.C.] : International Monetary Fund, ©1998

Click on the following:
IMF eLibrary

Copies

Description 1 online resource (29 pages) : illustrations Series IMF working paper ; WP/98/182 IMF working paper ; WP/98/182. Summary The paper studies the dynamic allocation effects of tax policy in the context of an overlapping generations model of the Blanchard-Yaari type. The model is extended to allow for endogenous labor supply and three tax instruments: a capital income tax, labor income tax, and consumption tax. Analytical expressions and simple diagrams are used to discuss the impact, transition, and long-run effects of tax policy changes. It is shown that a part of the long-run incidence of capital and consumption taxes falls on capital when households' horizons are finite, whereas labor would fully bear the burden of these taxes in an infinite horizon model Bibliography Includes bibliographical references (pages 28-29) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Fiscal policy -- Econometric models Labor supply -- Effect of taxation on -- Econometric models Taxation -- Econometric models. Capital levy -- Econometric models Income tax -- Econometric models Spendings tax -- Econometric models Consumption (Economics) -- Econometric models Equilibrium (Economics) -- Econometric models Capital levy -- Econometric models. Consumption (Economics) -- Econometric models. Equilibrium (Economics) -- Econometric models. Fiscal policy -- Econometric models. Income tax -- Econometric models. Labor supply -- Effect of taxation on -- Econometric models. Spendings tax -- Econometric models. Taxation -- Econometric models. Form Electronic book Author Ligthart, Johanna Elisabeth. International Monetary Fund. Fiscal Affairs Department. ISBN 9781451904604 1451904606 1462354904 9781462354900 1452721939 9781452721934 1282110837 9781282110830 9786613803719 6613803715 1451859244 9781451859249

  Permalink