Author : Martin Feldstein
Publisher : University of Chicago Press
Page : 501 pages
File Size : 45,43 MB
Release : 2009-05-15
Category : Business & Economics
ISBN : 0226241785
Research on capital formation has long been a major focus of studies sponsored by the National Bureau of Economic Research because of the crucial role of capital accumulation in the process of economic growth. The papers in this volume examine the influence of taxes on capital formation, with specific focus on the determinants of saving and the process of investment in plant and equipment.
Author : Jane Gravelle
Publisher : MIT Press
Page : 370 pages
File Size : 19,19 MB
Release : 1994
Category : Business & Economics
ISBN : 9780262071581
How should capital income be taxed to achieve efficiency and equity? In this detailed study, tax policy analyst Jane Gravelle, brings together comprehensive estimates of effective tax rates on a wide variety of capital by type, industry, legal form, method of financing, and across time. These estimates are combined with a history and survey of issues regarding capital income taxation that are aimed especially at bringing the findings of economic theory and recent empirical research to nonspecialists and policymakers. Many of the topics treated have been the subject of policy debate and legislation over the last ten or fifteen years.Should capital income be taxed at all? And, if capital income is to be taxed, what is the best way to do it? Gravelle devotes two chapters to the first question, and then, in answer to the second question, covers a broad range of topics - corporate taxation, tax neutrality, capital gains taxes, tax treatment of retirement savings, and capital income taxation and international competitiveness. Gravelle also includes a comprehensive history of tax institutions and data on constructing effective tax rates that are not available elsewhere.
Author : Joseph M. Berrospide
Publisher : DIANE Publishing
Page : 50 pages
File Size : 35,8 MB
Release : 2011-04
Category : Business & Economics
ISBN : 1437939864
The effect of bank capital on lending is a critical determinant of the linkage between financial conditions and real activity, and has received especial attention in the recent financial crisis. The authors use panel-regression techniques to study the lending of large bank holding companies (BHCs) and find small effects of capital on lending. They then consider the effect of capital ratios on lending using a variant of Lown and Morgan's VAR model, and again find modest effects of bank capital ratio changes on lending. The authors¿ estimated models are then used to understand recent developments in bank lending and, in particular, to consider the role of TARP-related capital injections in affecting these developments. Illus. A print on demand pub.
Author : United States. Congress. Senate. Committee on Finance
Publisher :
Page : 160 pages
File Size : 24,50 MB
Release : 1978
Category : Capital gains tax
ISBN :
Author : United States. Congress. Joint Economic Committee
Publisher :
Page : 20 pages
File Size : 39,13 MB
Release : 1997
Category : Capital gains tax
ISBN :
Author : Xiang Fang
Publisher : International Monetary Fund
Page : 34 pages
File Size : 19,96 MB
Release : 2018-10-01
Category : Business & Economics
ISBN : 1484378830
This paper offers novel evidence on the impact of raising bank capital requirements in the context of an emerging market: Peru. Using quarterly bank-level data and exploiting the adoption of bank-specific capital buffers, we find that higher capital requirements have a short-lived, negative impact on bank credit in Peru, although this effect becomes statistically insignificant in about half a year. This finding is robust to estimating different specifications to address concerns about the exogeneity of capital requirements. The fact that the reform was gradual and pre-announced and that banks were highly profitable at the time could explain the short-lived effects on credit.
Author : Christophe Kamps
Publisher : Springer Science & Business Media
Page : 262 pages
File Size : 43,29 MB
Release : 2004-12-22
Category : Business & Economics
ISBN : 9783540238973
This book analyzes the dynamic macroeconomic effects of public capital in industrialized countries. The issue of whether public capital is productive has received a great deal of recent attention. Yet, existing empirical analyses have been limited to a small set of countries. This book presents a new database that provides internationally comparable capital stock estimates for 22 OECD countries for the 1960-2001 period. Building on this database, the book estimates the dynamic effects of public capital using a variety of econometric methods. The results suggest that public capital is productive in OECD countries on average. The theoretical analysis based on a dynamic general equilibrium model shows that the effects of public capital depend crucially on the way the government chooses to finance additional spending.
Author : Tahsin Saadi Sedik
Publisher : International Monetary Fund
Page : 27 pages
File Size : 40,56 MB
Release : 2012-11-16
Category : Business & Economics
ISBN : 1589068033
This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The results of the panel data regressions indicate that greater openness to capital flows is associated with higher growth, gross capital flows, and equity returns and with lower inflation and bank capital adequacy ratios. The effects vary depending on thresholds. As a potential application of these findings, the paper explores the possible effects of liberalization on China by applying the coefficients of explanatory variables to the corresponding variables of China in 2012–16.
Author : United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Government Regulation
Publisher :
Page : 452 pages
File Size : 17,51 MB
Release : 1974
Category :
ISBN :
Author : Alexandra Fotiou
Publisher : International Monetary Fund
Page : 54 pages
File Size : 18,40 MB
Release : 2020-05-29
Category : Business & Economics
ISBN : 1513545868
Using the post-WWII data of U.S. federal corporate income tax changes, within a Smooth Transition VAR, this paper finds that the output effect of capital income tax cuts is government debt-dependent: it is less expansionary when debt is high than when it is low. To explore the mechanisms that can drive this fiscal state-dependent tax effect, the paper uses a DSGE model with regime-switching fiscal policy and finds that a capital income tax cut is stimulative to the extent that it is unlikely to result in a future fiscal adjustment. As government debt increases to a sufficiently high level, the probability of future fiscal adjustments starts rising, and the expansionary effects of a capital income tax cut can diminish substantially, whether the expected adjustments are through a policy reversal or a consumption tax increase. Also, a capital income tax cut need not always have large revenue feedback effects as suggested in the literature.
