Artikel
A progressive consumption tax: an important instrument for stabilizing business cycles, or just an exotic idea?
We introduce progressive consumption taxation into a real-business-cycle setup augmented with a detailed government sector. We calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2016). We investigate the quantitative importance of the presence of of progressive taxation of consumption expenditures for the stabilization of cyclical fluctuations in Bulgaria. We find the quantitative effect of such a tax to be very small, and thus not important for either business cycle stabilization, or public finance issues.
- Sprache
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Englisch
- Erschienen in
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Journal: Problems of Economic Transition ; ISSN: 1557-931X ; Year: 2019 ; Issue: Forthcoming ; London: Taylor and Francis
- Klassifikation
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Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
- Thema
-
business cycles
progressive consumption taxation
Bulgaria
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Vasilev, Aleksandar
- Ereignis
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Veröffentlichung
- (wer)
-
Taylor and Francis
ZBW – Leibniz Information Centre for Economics
- (wo)
-
London
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Vasilev, Aleksandar
- Taylor and Francis
- ZBW – Leibniz Information Centre for Economics
Entstanden
- 2019
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