作者：Landier, Augustin; Plantin, Guillaume
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Institut d'Etudes Politiques Paris (Sciences Po)
摘要：Affluent households can respond to taxation with means that are not economically viable for the rest of the population, such as sophisticated tax plans and international tax arbitrage. This article studies an economy in which an inequality-averse social planner faces agents who have access to a tax-avoidance technology with subadditive costs, and who can shape the risk profile of their income as they see fit. Subadditive avoidance costs imply that optimal taxation cannot be progressive at the ...
作者：Caldara, Dario; Kamps, Christophe
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; European Central Bank
摘要：Do tax cuts and spending increases stimulate output? Studies that identify fiscal shocks using structural vector autoregressions (SVAR) have reached different conclusions. In this article, we show analytically that this lack of consensus reflects different assumptions on the fiscal rules that-by relating tax and spending policies to macroeconomic conditions-determine the identification of fiscal shocks and the associated fiscal multipliers. We then propose a new identification strategy based o...
