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 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 ; Volume: 63 ; Year: 2022 ; Issue: 10-12 ; Pages: 576-588 ; London: Taylor & Francis
- Klassifikation
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Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
- Thema
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business cycles
progressive consumption taxation
- Ereignis
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Geistige Schöpfung
- (wer)
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Vasilev, Aleksandar
- Ereignis
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Veröffentlichung
- (wer)
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Taylor & Francis
ZBW - Leibniz Information Centre for Economics
- (wo)
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London
- (wann)
-
2022
- DOI
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doi:10.1080/10611991.2022.2153507
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Vasilev, Aleksandar
- Taylor & Francis
- ZBW - Leibniz Information Centre for Economics
Entstanden
- 2022
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