Arbeitspapier
Intertemporal effects of fiscal policy in an RBC model
In the recent economic debate on the design of fiscal policy in Germany it is gene rally agreed that the total hurden of taxes and levies has to be reduced. In this paper, arguments that form the basis of this claim are evaluated within a calihrated Real Business Cycle model. The analysis shows that reducing taxes and levies induces an increase in economic activity as weB as positive welfare effects as long as government consumption has a low enough weight in the utility function of the households. Within the model the decrease in government receipts due to the reduction in taxes and levies is balanced by a redudion in government consumption according to a fiscal closure rule which guarantees a stable debt-to-output ratio.
- ISBN
-
3933747082
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper ; No. 1998,02e
- Klassifikation
-
Wirtschaft
- Thema
-
Haushaltskonsolidierung
Steuerpolitik
Real Business Cycle
Intertemporales Gleichgewicht
Ökonometrisches Makromodell
Schätzung
Wohlfahrtsanalyse
Theorie
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Coenen, Günter
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bundesbank
- (wo)
-
Frankfurt a. M.
- (wann)
-
1998
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Coenen, Günter
- Deutsche Bundesbank
Entstanden
- 1998
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