全球智库信息集成服务系统(G2TT): Cross-Border Tax Externalities: Are Budget Deficits Too Small?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w10110
来源ID	Working Paper 10110
	Cross-Border Tax Externalities: Are Budget Deficits Too Small?
	Willem Buiter; Anne C. Sibert
发表日期	2003-11-17
出版年	2003
语种	英语
摘要	In a dynamic optimising model with costly tax collection, a tax cut by one nation creates positive externalities for the rest of the world if initial public debt stocks are positive. By reducing tax collection costs, current tax cuts boost the resources available for current private consumption, lowering the global interest rate. This pecuniary externality benefits other countries because it reduces the tax collection costs for foreign governments of current and future debt service. In the non-cooperative equilibrium, nationalistic governments do not allow for the effect of lower domestic taxes on debt service costs abroad. Taxes are too high and government budget deficits too low compared to the global cooperative equilibrium. Even in the cooperative equilibrium complete tax smoothing is not optimal: current taxes will be lower than future taxes.
主题	Macroeconomics ; Fiscal Policy ; International Economics ; International Macroeconomics
URL	https://www.nber.org/papers/w10110
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/567738
推荐引用方式 GB/T 7714	Willem Buiter,Anne C. Sibert. Cross-Border Tax Externalities: Are Budget Deficits Too Small?. 2003.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w10110.pdf（338KB）	智库出版物		限制开放	CC BY-NC-SA	浏览