Tax Distortions
Pigou Meets Mirrlees: On the Irrelevance of Tax Distortions for the Second-Best Pigouvian Tax
... environmental tax equals the first-best Pigouvian ...linear tax instruments are available, then not only weak separability is required, but also linear Engel curves in the demand for dirty commodities ...
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From IRAP to CBIT: tax distortions and redistributive effects
... again. Tax distortions in labor market are becoming crucially important and call for relevant reforms in labor ...corporate tax systems in the direction of the comprehensive business income ...
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Do tax distortions lead to more indeterminacy? A New Keynesian perspective
... on tax distortions and balanced government budget in a New Keynesian economy with rule-of-thumb consumers and capital accumulation and show that results stressed by Galì et ...on tax distortion and ...
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The Costs of Restrictive Trade Policies in the Presence of Factor Tax Distortions
... This paper uses a numerical general equilibrium model to examine the quantitative importance of pre-existing factor tax distortions for the welfare effects of restrictive trade policies in economies with ...
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Revenue-Raising vs. Other Approaches to Environmental Protection: The Critical Significance of Pre-Existing Tax Distortions
... h this case, any abatement through an NRR policy wodd be eficiency-reducing, since the marginal benefit is less than the intercept ($109 per ton) of the marginal cost function, With the [r] ...
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Taxation of Corporate Capital Income: Tax Revenues vs. Tax Distortions
... Introducing the possibility of debt still lowers the cost of capital to the firm, however. The debt-capital ratio would be chosen so as to minimize the cost of capital. At equilibrium, t[r] ...
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Monopoly Power and Optimal Taxation of Labor Income
... with tax distortions and distortions arising from monopoly power in pricing of intermediate ...market distortions optimal taxes perform a corrective function that assists in minimizing ...
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Starving the Beast? Intra-Generational Conflict and Balanced Budget Rules
... of tax distortions under a balanced budget; the extent of conflict between different groups; and the link between tax smoothing and the opportunity cost of government ...pronounced tax ...
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Double dividend hypothesis: Can it be validated by carbon taxation swap with payroll taxes?
... environmental tax reform to tackle the pollution and simultaneously decrease the tax burden of pre-existent labor ...the tax distortions that affect labor demand, using the revenues generated ...
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Fiscal Risk and the Portfolio of Government Programs
... that distortions apply to the level of taxes as opposed to the tax ...which distortions are a function of tax ...to distortions h (T ) as “tax distortions,” they serve as ...
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The optimal design of a fiscal union
... components, tax unions and transfer unions, for the sake of clarity. A tax union refers to cross- country cooperation in the setting of labor tax ...The tax union can be viewed as a simple ...
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Education and optimal dynamic taxation: The role of income-contingent student loans
... This theoretical result is very helpful for gauging the welfare gains, which stem from the income-contingency of the educational loans. If we compared our results with the case of linear policy instruments, for example, ...
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Monetary and fiscal policy interactions with central bank transparency and public investment
... Typical models on monetary policy transparency usually consider two players, the monetary authority and the private sector. Departing from this approach, several authors introduce monetary and fiscal policy interactions. ...
33
On foreign aid distortions to governance
... Table 3 below assesses the concerns underpinning the paper using the first definition of distortions which is the standard deviation of three-year NOI. But for a thin exception (first model on general governance ...
22
Climate Policies and the Tax Interaction Effect, in Context
... within tax-interaction effect literature is the impact of recent results within behavioral economics, which has also weighed-in on labor ...carbon tax is clearly susceptible to such preferences, as the ...
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Moving to Goods and Services Tax in India: Impact on India’s Growth and International Trade
... desirable tax system should be able to enhance economy’s competitiveness through enabling efficient allocation of productive resources thus resulting in increase in growth and increase in real income of consumers ...
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Trade Openness and Political Distortions
... political distortions on international trade open- ness is complicated by the fact that both variables can be influenced by the third factor such as the level of economic development or the same fundamental ...
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Complement to a theory of the cognitive distortions
... The cognitive distortions can be constructed, in the present model, from three main notions: the reference class, the duality and the system of taxa. It is necessary, in a preliminary way, to set out to describe ...
6
LIFO Distortions in the Manufacturing Industry
... accounting distortions on liquidity measures created by the use of LIFO inventory valuation ...sheet distortions in areas of inventory turnover, current ratio, and working capital across different company ...
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Time Distortions in the Albanian Novel
... This has enabled the shift from a regular chronological order, as in the historical Albanian novel, to a transverse narration which brings us the inner thoughts of the characters where [r] ...
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