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Author: Mr.Joel Slemrod Publisher: International Monetary Fund ISBN: 1451954549 Category : Business & Economics Languages : en Pages : 32
Book Description
It is argued that taxation causes three kinds of deadweight losses and two types of direct costs. The deadweight losses arise from substitution, evasion, and avoidance activities while the direct costs are administrative and compliance costs. Some of these social costs tend to be discontinuous and/or nonconvex. Because most models of taxation ignore some components of the social costs of taxation, their conclusions cannot be of a general nature. An alternative approach to policy evaluation is to rely on a marginal efficiency cost of funds rule which can indicate appropriate directions of reforms. The paper discusses its merits, applicability, and limitations, as well as its relationship to other concepts.
Author: Mr.Joel Slemrod Publisher: International Monetary Fund ISBN: 1451954549 Category : Business & Economics Languages : en Pages : 32
Book Description
It is argued that taxation causes three kinds of deadweight losses and two types of direct costs. The deadweight losses arise from substitution, evasion, and avoidance activities while the direct costs are administrative and compliance costs. Some of these social costs tend to be discontinuous and/or nonconvex. Because most models of taxation ignore some components of the social costs of taxation, their conclusions cannot be of a general nature. An alternative approach to policy evaluation is to rely on a marginal efficiency cost of funds rule which can indicate appropriate directions of reforms. The paper discusses its merits, applicability, and limitations, as well as its relationship to other concepts.
Author: Narayana R. Kocherlakota Publisher: Princeton University Press ISBN: 1400835275 Category : Business & Economics Languages : en Pages : 230
Book Description
Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks. Until recently, however, economic research on this question either ignored people's uncertainty about their future productivities or imposed strong and unrealistic functional form restrictions on taxes. In response to these problems, the new dynamic public finance was developed to study the design of optimal taxes given only minimal restrictions on the set of possible tax instruments, and on the nature of shocks affecting people in the economy. In this book, Narayana Kocherlakota surveys and discusses this exciting new approach to public finance. An important book for advanced PhD courses in public finance and macroeconomics, The New Dynamic Public Finance provides a formal connection between the problem of dynamic optimal taxation and dynamic principal-agent contracting theory. This connection means that the properties of solutions to principal-agent problems can be used to determine the properties of optimal tax systems. The book shows that such optimal tax systems necessarily involve asset income taxes, which may depend in sophisticated ways on current and past labor incomes. It also addresses the implications of this new approach for qualitative properties of optimal monetary policy, optimal government debt policy, and optimal bequest taxes. In addition, the book describes computational methods for approximate calculation of optimal taxes, and discusses possible paths for future research.
Author: Great Britain. Treasury Publisher: Stationery Office Books (TSO) ISBN: 9780115601262 Category : Finance, Public Languages : en Pages : 69
Book Description
Dated October 2007. The publication is effective from October 2007, when it replaces "Government accounting". Annexes to this document may be viewed at www.hm-treasury.gov.uk
Author: D. Wildasin Publisher: Routledge ISBN: 1136473033 Category : Business & Economics Languages : en Pages : 193
Book Description
Considers such issues as the effect of local government policies on migration, the optimal size of cities, tax and expenditure capitalization, the economics of intergovernmental transfers, tax exporting and tax competition.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1557755418 Category : Business & Economics Languages : en Pages : 56
Book Description
Public expenditure policy, together with efforts to raise revenue,is at the core of efficient and equitable adjustment. Public expenditureproductivity has critical implications for fiscal adjustment, particularly as the competition for limited public resources intensifies.By providing a framework for defining and analyzing public expenditureproductivity and unproductive expenditures, this pamphlet discusseshow economic policymakers may approach these issues.
Author: Peter McLeod Jackson Publisher: ISBN: Category : Business & Economics Languages : en Pages : 334
Book Description
This volume reviews current developments taking place in public sector economics and covers issues in both public expenditure and taxation. Trends in public spending, and their determinants, are reviewed along with recent developments in the public choice perspective and the analysis of the demand for public goods. Taxation issues include the incentive effects of taxation, tax evasion and compliance costs and taxation in developing countries. The book concludes with a discussion of the public sector and income distribution and fiscal federalism. Other topics include privatization and deregulation.
Author: Jonathan Cylus Publisher: Health Policy ISBN: 9789289050418 Category : Medical Languages : en Pages : 264
Book Description
In this book the authors explore the state of the art on efficiency measurement in health systems and international experts offer insights into the pitfalls and potential associated with various measurement techniques. The authors show that: - The core idea of efficiency is easy to understand in principle - maximizing valued outputs relative to inputs, but is often difficult to make operational in real-life situations - There have been numerous advances in data collection and availability, as well as innovative methodological approaches that give valuable insights into how efficiently health care is delivered - Our simple analytical framework can facilitate the development and interpretation of efficiency indicators.
Author: Mr.Joel Slemrod
Author: Mr.Joel Slemrod
Author: Emmanuelle Auriol
Author: Arnold C. Harberger
Author: Narayana R. Kocherlakota
Author: Great Britain. Treasury
Author: D. Wildasin
Author: International Monetary Fund
Author: Dan Usher
Author: Peter McLeod Jackson
Author: Jonathan Cylus