G2TT
来源类型Research Report
规范类型报告
Dynamic Analysis of Tax Plans: An Update
Benjamin R. Page; Kent Smetters
发表日期2017-04-05
出版年2017
语种英语
概述This paper gives an overview of the TPC’s methodology for dynamic analysis of tax proposals. Following the practice of official government estimators, we use a Keynesian model to estimate the short-term effects of policy changes on output relative to its full-employment level. That model assumes tax policy can influence the economy by changing the demand for goods and services. For example, a tax cut could
摘要

This paper gives an overview of the TPC’s methodology for dynamic analysis of tax proposals. Following the practice of official government estimators, we use a Keynesian model to estimate the short-term effects of policy changes on output relative to its full-employment level. That model assumes tax policy can influence the economy by changing the demand for goods and services. For example, a tax cut could encourage consumers to spend more and businesses to invest more, raising demand and thus total employment. In the long-run, demand-side stimulus is ineffective because we assume the economy returns to full employment. We estimate the long-run effects on potential output using two models: a neoclassical growth model and the Penn Wharton Budget Model. Both of those models reflect how taxes can affect incentives to work, save, and invest, as well as the effects of budgetary policies on interest rates and the resultant effects on investment decisions.

主题Economic Growth and Productivity ; Taxes and Budget
URLhttps://www.urban.org/research/publication/dynamic-analysis-tax-plans-update
来源智库Urban Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/479674
推荐引用方式
GB/T 7714
Benjamin R. Page,Kent Smetters. Dynamic Analysis of Tax Plans: An Update. 2017.
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