Arbeitspapier
Fear of taxes
This paper documents that Mexican households anticipated the fiscal reform of 2014 several months before enacted. This change in expectations is documented using a novel source of information available in Google Trends, among other sources. It then analyzes the economic consequences of this change using a general equilibrium growth model with taxes and uncertainty. The model also considers the presence of generic distortions in the form of wedges in the first order conditions to isolate the effect of taxation. The paper provides an explanation for the unusual trajectories of investment and GDP of the Mexican economy around 2013.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Papers ; No. 2019-09
- Classification
-
Wirtschaft
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
Investment; Capital; Intangible Capital; Capacity
Fiscal Policy
- Subject
-
business cycles
expectations
taxes
investment
- Event
-
Geistige Schöpfung
- (who)
-
Leal, Julio
Mandujano, Javier
- Event
-
Veröffentlichung
- (who)
-
Banco de México
- (where)
-
Ciudad de México
- (when)
-
2019
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Leal, Julio
- Mandujano, Javier
- Banco de México
Time of origin
- 2019
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