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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w12103 |
来源ID | Working Paper 12103 |
Dynamic Scoring: Alternative Financing Schemes | |
Eric M. Leeper; Shu-Chun Susan Yang | |
发表日期 | 2006-03-20 |
出版年 | 2006 |
语种 | 英语 |
摘要 | Neoclassical growth models predict that reductions in capital or labor tax rates are expansionary when lump-sum transfers are used to balance the government budget. This paper explores the consequences of bond-financed tax reductions that bring forth a range of possible offsetting policies, including future government consumption, capital tax rates, or labor tax rates. Through the resulting intertemporal distortions, current tax cuts can be contractionary. The paper also finds that more aggressive responses of offsetting policies to debt engender less debt accumulation and less costly tax cuts. |
主题 | Macroeconomics ; Macroeconomic Models ; Public Economics ; Taxation ; National Fiscal Issues |
URL | https://www.nber.org/papers/w12103 |
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/569757 |
推荐引用方式 GB/T 7714 | Eric M. Leeper,Shu-Chun Susan Yang. Dynamic Scoring: Alternative Financing Schemes. 2006. |
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 | ||
w12103.pdf(324KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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