Calendrier du 12 décembre 2019
Macroeconomics Seminar
Du 12/12/2019 de 15:45 à 17:00
PSE - 48 boulevard Jourdan, 75014 Paris, salle R2-21
GEEROLF François (UCLA)
The Macroeconomic Effects of Lump-Sum Taxes
écrit avec Thomas Grjebine, CEPII
This paper measures tax multipliers using the property tax, which is the closest real-world counterpart to a lump-sum tax. This allows us to test for Ricardian equivalence and to isolate the demand-side component of tax multipliers. For identification, we use more than 100 exogenous property tax changes in advanced economies isolated through the narrative record, as well as structural VAR approaches that include more than 1,000 tax changes. We find, using both types of methods—independently—that tax multipliers are between 2 and 3, in line with a growing consensus in the literature. This contradicts Ricardian equivalence, and questions models that predict large tax multipliers only for distortionary tax changes. The effects are persistent, which implies that aggregate demand shocks can have long-term effects.
PSE Internal Seminar
Du 12/12/2019 de 12:30 à 14:00
salle R2-01, campus Jourdan - 75014 Paris
LAMBERT-MOGILIANSKY Ariane(PSE)
BEZIN Emeline()
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Paris Migration Seminar
Du 12/12/2019
OECD Conference Centre – 2, rue Andre-Pascal 75775 Paris CEDEX 16