Indeterminacy and Stabilization of Endogenous Cycles with Balanced-Budget Distortionary Taxation

2006 ◽  
Vol 62 (2) ◽  
pp. 149 ◽  
Author(s):  
Erkki Koskela ◽  
Mikko Puhakka
Keyword(s):  
Endogenous Cycles ◽  
Distortionary Taxation ◽  
Balanced Budget

Economic Effects of 2004-2009 Tax Reforms: Retrospective Analysis

2012 ◽  
pp. 108-123
Author(s):  
E. Penukhina ◽  
D. Belousov ◽  
K. Mikhailenko
Keyword(s):  
Retrospective Analysis ◽  
Tax Policy ◽  
Economic Effects ◽  
Tax Policies ◽  
Policy Changes ◽  
Tax Reforms ◽  
Russian Economy ◽  
Balanced Budget ◽  
Budget System

The article determines, describes and analyzes phases of tax reforms in Russia. We estimate macroeconomic and fiscal effects of various tax policies held during the second and third phases of tax reforms. The necessity of providing a balanced budget system, as well as complex assessment of effects of tax policy changes for the development of the Russian economy is noted.

CLARIFYING CONFUSION ABOUT THE BALANCED BUDGET AMENDMENT

1995 ◽  
Vol 48 (3) ◽  
pp. 347-355
Author(s):  
JAMES M. BUCHANAN
Keyword(s):  
Balanced Budget

Effective Tool or Effectively Hollow? Balanced Budget Legislation in Western Canada

2012 ◽  
Vol 38 (3) ◽  
pp. 291-313
Author(s):  
WAYNE SIMPSON ◽  
JARED J. WESLEY
Keyword(s):  
Western Canada ◽  
Balanced Budget

Medicare+Choice Provisions In The Balanced Budget Act Of 1997

1998 ◽  
Vol 17 (4) ◽  
pp. 224-231 ◽  
Author(s):  
Sandra Christensen
Keyword(s):  
Balanced Budget Act ◽  
Balanced Budget

scholarly journals U.S. TREND INFLATION REINTERPRETED: THE ROLE OF FISCAL POLICIES AND TIME-VARYING NOMINAL RIGIDITIES

2014 ◽  
Vol 19 (6) ◽  
pp. 1294-1308 ◽  
Author(s):  
Nicola Acocella ◽  
Giovanni Di Bartolomeo ◽  
Patrizio Tirelli
Keyword(s):  
Strong Impact ◽  
Fiscal Policies ◽  
Time Varying ◽  
Nominal Rigidities ◽  
Distortionary Taxation ◽  
Trend Inflation ◽  
Wage Indexation ◽  
Joint Evolution

This paper offers a reinterpretation of the Fed's time-varying implicit inflation target, based on two considerations. The first is that the need to alleviate the burden of distortionary taxation may justify the choice of a positive inflation rate. The second is based on compelling evidence that the degree of price and wage indexation falls with trend inflation. In fact, we find that a proper characterization of the joint evolution of fiscal variables and nominal rigidities has a strong impact on the Ramsey optimal policies, implying optimal inflation dynamics that are consistent with the observed evolution of U.S. trend inflation. By contrast, tax policies have been too lax, especially at the time of the controversial Bush tax cuts.

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