A Dynamic General Equilibrium Model for Corporate Tax Policy Evaluation in Canada PDF Download

Author: Bob Hamilton
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 65

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Author: Charles L. Ballard
Publisher: University of Chicago Press
ISBN: 0226036332
Category : Business & Economics
Languages : en
Pages : 275

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Book Description
This book reports the authors' research on one of the most sophisticated general equilibrium models designed for tax policy analysis. Significantly disaggregated and incorporating the complete array of federal, state, and local taxes, the model represents the U.S. economy and tax system in a large computer package. The authors consider modifications of the tax system, including those being raised in current policy debates, such as consumption-based taxes and integration of the corporate and personal income tax systems. A counterfactual economy associated with each of these alternatives is generated, and the possible outcomes are compared.

Author: Alfredo M. Pereira
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: William Gbohoui
Publisher: International Monetary Fund
ISBN: 1498301037
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
This paper develops a dynamic general equilibrium model to assess the effects of temporary business tax cuts. First, the analysis extends the Ricardian equivalence result to an environment with production and establishes that a temporary tax cut financed by a future tax-increase has no real effect if the tax is lump-sum and capital markets are perfect. Second, it shows that in the presence of financing frictions which raise the cost of investment, the policy temporarily relaxes the financing constraint thereby reducing the marginal cost of investment. This direct effect implies positive marginal propensities to invest out of tax cuts. Third, when the tax is distortionary, the expectation of high future tax rates reduces the expected marginal return on investment mitigating the direct stimulative effects.

Author: Alfredo Manuel Marvão Pereira
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 412

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Author: Canada. Department of Finance. Fiscal Policy and Economic Analysis Br
Publisher:
ISBN:
Category : Capital gains tax
Languages : en
Pages :

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Author: Mary E. Burfisher
Publisher: Cambridge University Press
ISBN: 1107132207
Category : Business & Economics
Languages : en
Pages : 443

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Book Description
The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.

Author: Steven James
Publisher:
ISBN:
Category : Capital levy
Languages : en
Pages : 70

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Author: Don Fullerton Charles L. Ballard (John B. Shoven, John Whalley)
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Peter B. Dixon
Publisher: Newnes
ISBN: 0444536353
Category : Business & Economics
Languages : en
Pages : 1143

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Book Description
In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy