The dynamic macroeconomic effects of tax policy in an overlapping generations model /

The dynamic macroeconomic effects of tax policy in an overlapping generations model /

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Bibliographic Details
Author / Creator:	Heijdra, Ben J.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©1998.
Description:	1 online resource (29 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/98/182 IMF working paper ; WP/98/182.
Subject:	Fiscal policy -- Econometric models. Labor supply -- Effect of taxation on -- Econometric models. Taxation -- Econometric models. Capital levy -- Econometric models. Income tax -- Econometric models. Spendings tax -- Econometric models. Consumption (Economics) -- Econometric models. Equilibrium (Economics) -- Econometric models. Capital levy -- Econometric models. Consumption (Economics) -- Econometric models. Equilibrium (Economics) -- Econometric models. Fiscal policy -- Econometric models. Income tax -- Econometric models. Labor supply -- Effect of taxation on -- Econometric models. Spendings tax -- Econometric models. Taxation -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13510623

Hidden Bibliographic Details
Other authors / contributors:	Ligthart, Johanna Elisabeth. International Monetary Fund. Fiscal Affairs Department.
ISBN:	9781451904604 1451904606 1462354904 9781462354900 1452721939 9781452721934 1282110837 9781282110830 9786613803719 6613803715
Notes:	Includes bibliographical references (pages 28-29). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	The paper studies the dynamic allocation effects of tax policy in the context of an overlapping generations model of the Blanchard-Yaari type. The model is extended to allow for endogenous labor supply and three tax instruments: a capital income tax, labor income tax, and consumption tax. Analytical expressions and simple diagrams are used to discuss the impact, transition, and long-run effects of tax policy changes. It is shown that a part of the long-run incidence of capital and consumption taxes falls on capital when households' horizons are finite, whereas labor would fully bear the burden of these taxes in an infinite horizon model.
Other form:	Print version: Heijdra, Ben J. Dynamic macroeconomic effects of tax policy in an overlapping generations model. [Washington, D.C.] : International Monetary Fund, ©1998

Description
Summary:	The paper studies the dynamic allocation effects of tax policy in the context of an overlapping generations model of the Blanchard-Yaari type. The model is extended to allow for endogenous labor supply and three tax instruments: a capital income tax, labor income tax, and consumption tax. Analytical expressions and simple diagrams are used to discuss the impact, transition, and long-run effects of tax policy changes. It is shown that a part of the long-run incidence of capital and consumption taxes falls on capital when households' horizons are finite, whereas labor would fully bear the burden of these taxes in an infinite horizon model.
Physical Description:	1 online resource (29 pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 28-29).
ISBN:	9781451904604 1451904606 1462354904 9781462354900 1452721939 9781452721934 1282110837 9781282110830 9786613803719 6613803715