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1 - 10 van 129 voor consumption taxes
appendix derivations dsge model pdf
... taxes, in other words real wealth net-of-taxes. the left hand side is real expenditure net-of-taxes. this is easier to see for the consumption ... different rules such as the following that adjusts consumption taxes smoothly to target a specific deficit-to-gdp ... consumption of the continuum of domestic 25 varieties on the interval 0,n . similarly, the consumption bundle f,t equals domestic consumption ...
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analyzing labour supply elderly people life cycle approach pdf
... price of the consumption good including consumption taxes. this price is defined by pt (1+c)pt (3.12) where c is the consumption tax and pt the price of the consumption good (which may ... taxation.19 taxes are levied on current income, the stock of wealth, and consumption. taxes on consumption and wealth are already discussed in section 3.2 as part of the budget constraint. taxes on current ...
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Microsoft Word - DP128_demooij _2_.doc
... ex-post due to behavioural effects (such as changes in investment or employment), we use consumption taxes to balance the budget.7 second, we allow the government to balance the budget by ... to profit shifting which erodes the corporate tax base and requires higher consumption taxes to balance the government budget. this reduces consumption and hence welfare. figure 4.2 shows that the negative welfare ...
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Microsoft Word - bijz90.doc
... consumption taxes 18 1.2.1 forms of consumption tax 18 1.2.2 equivalence of consumption taxes 19 1.2.3 differences between consumption taxes 21 1.2.4 vat the preferred choice 24 1.2.5 prevalence of consumption taxes ...
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Discussion paper
... significantly lower than for workers. the age profile of indirect taxes is flatter because households smooth their consumption across the life cycle and rates of taxation are ... respect to income taxes, the current distribution across age groups equals the distribution of incomes. with respect to consumption taxes, we assume that private consumption is determined by consumption smoothing, whereby ...
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00/research memorandum Can we a [PFP#1092373775]
... individualisationcausestheinformalintergenerationalcontractbetweenthegenerations to weaken. fiscal imbalances originating in high interest rates, distortionary taxes, the low participation rate and the relatively low growth rate reinforce this ... burden to those outside the labor force (e.g., by shifting to consumption taxes) - maintain cash-flow income tax treatment of pension saving - broaden the ...
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analyzing fiscal policy netherlands simulations revised mimic pdf
... to what could be analyzed also with the previous version) are child care policies and consumption taxes on labor-intensive services. 2 the structure of mimic mimic is an applied general ... lower income taxes make the option with black labor supply less attractive for households compared to the formal option. second, the reduction in the average tax burden stimulates private consumption, thereby ...
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memo115.pdf
... taxes the total tax bill of households consists of consumption taxes and income taxes tah(j) tco(j)+lito(j), j jw,.., je (1.21) 7 consumption tax tco(j) cocnh(j), j 0,.., je (1.22) income taxes ...
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memo227.pdf
... state because consumption taxes fall gradually as increasing consumption generates higher tax revenues than are needed to balance the budget. the falling consumption tax works on the consumption-leisure margin ... 27 figure 3.12 switch in taxes from labour taxes to consumption taxes (cont'd). borrowing. since the magnitudes of the initial responses of consumption and investment are similar, given ...
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Research Memorandum (set-up) [PFP#902192174]
... production, investment and consumption take place simultaneously and only once, but a sequence of decisions or events is imposed 1 the government sets taxes and subsidies; 2 ... consumption is not entirely clear. more consumption could crowd out education subsidies, since taxes to finance public expenditure are distortionary and therefore limit the size of the government. equally, more consumption ...
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