Tax Structure and Revenue Instability Under External Shocks: Some General Equilibrium Calculations for Cote D'Ivoire

Preliminary: Comments Welcome Tax Structure and Revenue Instability: The Great Recession and the States

General Equilibrium Tax Policy with Hyperbolic Consumers *

Recently David Laibson and others have argued in favor of using hyperbolic discount functions. The purpose of this paper is to investigate whether conventional wisdom, based on the standard model with exponential discounting, also holds in the case where consumers have hyperbolic discount functions. In other words do hyperbolic preferences matter for practical policy evaluation? Within the fram...

Tax Shocks , Sunspots and Tax Evasion §

This paper shows that an increase in corporate/labor/income tax rates may push an economy with tax evasion into an expansionary pattern, under increasing returns to scale. These effects would be reversed when the steady state is saddle-path stable. This model does not undertake a full identification. The interesting feature of our results is that fiscal policy in an economy with a significant u...

Economic Freedom, Economic Growth And Governments Tax Revenue In (MENA)

Smoothing the Shocks of a Dynamic Stochastic General Equilibrium Model

E C O N O M I C R E V I E W Second Quarter 2005 The 2001 recession displayed unique characteristics in comparison to other recessions. Although moderate in terms of the decline in output, the recession was unique in that the contraction in measured output was driven almost entirely by retrenchment in business capital spending. Consumer spending growth remained positive, and residential investme...