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Topic Taxes

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15 results, from 11
  • Diskussionspapiere 1697 / 2017

    Capital Taxation and Government Debt Policy with Public Discounting

    This paper characterizes capital taxation and public debt policy in a quantitative macroeconomic model with an impatient government and uncertainty. The government has access to linear taxes on capital and labor, and to non-state-contingent bonds. Government impatience generates positive and empirically realistic longrun levels of both capital taxes and public debt. Prior predictive analysis shows ...

    2017| Malte Rieth
  • Externe referierte Aufsätze

    Personal Income Tax Progressivity and Output Volatility: Evidence from OECD Countries

    This paper investigates empirically the effect of personal income tax progressivity on output volatility using macro data from a sample of OECD countries over the period 1982–2009. Our measure of progressivity is based on the difference between the marginal and the average personal income tax rate for the average production worker. We find supportive empirical evidence for the hypothesis that higher ...

    In: Canadian Journal of Economics 49 (2016), 3, S. 968-996 | Malte Rieth, Cristina Checherita-Westphal, Maria-Grazia Attinasi
  • Diskussionspapiere 1626 / 2016

    The Macroeconomic Effects of Progressive Taxes and Welfare

    We analyze the positive and normative effects of a progressive tax on wages in a nonlinear New Keynesian DSGE model in the presence of demand and technology shocks. The non-linearity allows us to disentangle the effects of the progressive tax on the volatility and the level of macroeconomic variables, for both intertemporally optimizing (“Ricardian") and non-Ricardian (“rule-of-thumb") households. ...

    2016| Philipp Engler, Wolfgang Strehl
  • Diskussionspapiere 1609 / 2016

    Distributional Effects of Taxing Financial Transactions and the Low Interest Rate Environment

    The study aims to assess the distributional effects of taxing financial transactions including a focus on gender. It specifically investigates the impact of the low interest rate environment on tax revenues and distribution. The first part of the study is explorative, aiming to develop a concept for the assessment. This is because the role of low or even negative interest rates is not yet specifically ...

    2016| Dorothea Schäfer
  • DIW Roundup 93 / 2016

    Corporate Taxation, Leverage, and Macroeconomic Stability

    A key challenge for economic policy today is to make the financial system more resilient. The literature finds that high indebtedness (or: leverage), both in the financial and in the real sectors, is a danger to macroeconomic stability and growth. Moreover, the design of the corporate tax system is an important determinant of leverage: in many countries interest paid on debt is tax-deductible while ...

    2016| Franziska Bremus, Jeremias Huber
15 results, from 11