The Macroeconomic Effects of Income and Consumption Tax Changes
The Macroeconomic Effects of Income and Consumption Tax Changes
复制标题
收入和消费税变化的宏观经济影响
DOI：
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发表时间：
2020
期刊：
影响因子：
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通讯作者：
Raffaele Rossi
中科院分区：
文献类型：
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作者：
A. Nguyen;Luisanna Onnis;Raffaele Rossi
本文估计了所得税和消费税外生变化的影响。税收冲击是通过对联合王国税收负担变化的叙述性描述而产生的。所得税削减对GDP、私人消费和投资有很大影响。消费税削减的影响是温和的，对GDP及其组成部分的影响在统计上并不显著。将税收负担从收入转移到消费上具有扩张性。这些结果与传统的公共财政理论一致，表明在研究财政政策的传导机制时，区分直接税和间接税是至关重要的。(Jel E21、E22、E23、H24、H25)
This paper estimates the effects of exogenous changes in income and consumption taxes. The tax shocks are proxied with a narrative account of tax liability changes in the United Kingdom. Income tax cuts have large effects on GDP, private consumption, and investment. The effects of consumption tax cuts are modest and not statistically significant on GDP and its components. Shifting the burden of taxation from income to consumption is expansionary. Consistent with conventional public finance theories, these results indicate that it is crucial to distinguish between direct and indirect taxation when studying the transmission mechanism of fiscal policy. (JEL E21, E22, E23, H24, H25)