| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24659 |
| 来源ID | Working Paper 24659 |
| Taxes and Growth: New Narrative Evidence from Interwar Britain | |
| James Cloyne; Nicholas Dimsdale; Natacha Postel-Vinay | |
| 发表日期 | 2018-06-04 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | The impact of fiscal policy on economic activity is still a matter of great debate. And, ever since Keynes first commented on it, interwar Britain, 1918- 1939, has remained a particularly contentious case | not least because of its high debt environment and turbulent business cycle. This debate has often focused on the effects of government spending, but little is known about the effects of tax changes. In fact, a number of tax reforms in the period focused on long-term and social objectives, often reflecting the personality of British Chancellors. Based on extensive historiographical research, we apply a narrative approach to the interwar period in Britain and isolate a new series of exogenous tax changes. We find that tax changes have a sizable effect on GDP, with multipliers around 0.5 on impact and exceeding 2 within two years. Our estimates contribute to the historical debate about fiscal policy in the interwar period and are remarkably similar to the sizable tax multipliers found after WWII. |
| 主题 | Macroeconomics ; Business Cycles ; Fiscal Policy ; Public Economics ; Taxation ; History ; Macroeconomic History ; Other History |
| URL | https://www.nber.org/papers/w24659 |
| 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/582332 |
| 推荐引用方式 GB/T 7714 | James Cloyne,Nicholas Dimsdale,Natacha Postel-Vinay. Taxes and Growth: New Narrative Evidence from Interwar Britain. 2018. |
| 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 | ||
| w24659.pdf（704KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
