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The Macroeconomic Effects of Income and Consumption Tax Changes


The Macroeconomic Effects of Income and Consumption Tax Changes

Income tax cuts have large effects on GDP, private consumption, and investment. The effects of consumption tax cuts are modest and not statistically significant ...

The Macroeconomic Effects of Income and Consumption Tax Changes

Do consumption and income tax changes affect economic aggregates such as income, ... effects of consumption and income tax changes. On the policy side, our ...

The Macroeconomic Effects of Income and Consumption Tax ... - jstor

As such, the goal of the paper is twofold: (i) estimating the relative merits of consumption and income tax changes on aggregate macro variables and (ii) ...

The Macroeconomic Effects of Income and Consumption Tax Changes

Income tax cuts have large effects on GDP, private consumption and investment. The effects of consumption tax cuts are modest and not statistically significant ...

The Macroeconomic Effects of Income and Consumption Tax Changes

Anh D.M.Nguyen & Luisanna Onnis & Raffaele Rossi, 2016. "The Macroeconomic Effects of Income and Consumption Tax Changes," Centre for Growth and Business Cycle ...

The Macroeconomic Effects of Income and Consumption Tax Changes

Income tax cuts have large effects on GDP, private consumption and investment. The effects of consumption tax cuts are modest and not ...

The Macroeconomic Effects of Income and Consumption Tax Changes

By Anh Nguyen, Luisanna Onnis and Raffaele Rossi; Abstract: This paper estimates the effects of exogenous changes in income and consumption ...

The Macroeconomic Effects of Income and Consumption Tax Changes

Nguyen, Anh D.M., Luisanna Onnis, and Raffaele Rossi. “The Macroeconomic Effects of Income and Consumption Tax Changes.” American Economic Journal: Economic ...

The macroeconomic effects of income and consumption tax changes

Income tax cuts have large effects on GDP, private consumption and investment. The effects of consumption tax cuts are modest and not ...

The Macroeconomic Effects of Income and Consumption Tax Changes

Income tax cuts have large effects on GDP, private consumption and investment. The effects of consumption tax cuts are modest and not ...

The Macroeconomic Effects of Tax Changes: Estimates Based on a ...

And third, we examine how exogenous tax changes affect the components of GDP, such as consumption, investment, and imports. The most striking finding of this ...

The Dynamic Macroeconomic Effects of Tax Policy in an ...

Section IV discusses the dynamic allocation effects of a permanent unanticipated increase in capital income, labor income, and consumption taxes. This section ...

Reviewing the Impact of Taxes on Economic Growth - Tax Foundation

A 1 percentage-point decrease in the tax rate increases real GDP by 0.78 percent by the third year after the tax change. Importantly, they find ...

Effects of Income Tax Changes on Economic Growth

The net impact on growth is uncertain, but many estimates suggest it is either small or negative. Base-broadening measures can eliminate the effect of tax rate ...

Macroeconomic effects of tax rate and base changes: Evidence from ...

Turning to their macroeconomic impact, we find that rate hikes were associated with large and significant declines in consumption, investment and wages. A one ...

Estimates Based on a New Measure of Fiscal Shocks

Failure to take the omitted variables into account will result in inaccurate estimates of the macroeconomic effects of tax changes. Unfortunately, controlling ...

US Consumption Tax vs Income Tax Reform: Details & Analysis

Income taxes impose steeper economic costs, and often steeper administrative and compliance costs, than consumption taxes.

Effects of Income Tax Changes on Economic Growth

2 By removing the special treatment or various types of income or consumption, base-broadening will tend to raise the average effective marginal tax rates on ...

The Macroeconomic Effects of Taxes - Urban Institute

Macroeconomic changes also influence the amount of revenue a tax system raises, through so-called dynamic effects. However, evidence suggests ...

The Macroeconomic Effects of Tax Changes: Estimates Based on a ...

Tax changes have very large effects: an exogenous tax increase of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent.