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Year: 1990 Publisher: Cambridge, Mass. National Bureau of Economic Research
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Book
Year: 1990 Publisher: Cambridge, Mass. National Bureau of Economic Research
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ISBN: 3718650290 9783718650293 Year: 1990 Volume: 38 Publisher: Chur: Harwood academic publishers,
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Macroeconomics --- Monetary policy --- Mathematical models --- 336.74 --- -Monetary policy --- -AA / International- internationaal --- 330.00 --- 333.110 --- 331.31 --- 336.61 --- 305.96 --- 333.846.0 --- 330.1 --- -Macroeconomics --- -339.5 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Economics --- Geld. Geldwezen. Monetaire sector. --- Economische en sociale theorieën: algemeenheden. --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet. --- Economisch beleid. --- Financieel beleid. --- Macro-economisch model van een of verschillende landen. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- Domein en natuur van de staathuishoudkunde. --- Mathematical models. --- 336.74 Geld. Geldwezen. Monetaire sector. --- 339.5 --- AA / International- internationaal --- Macro-economisch model van een of verschillende landen --- Economische en sociale theorieën: algemeenheden --- Domein en natuur van de staathuishoudkunde --- Economisch beleid --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Financieel beleid --- Geld. Geldwezen. Monetaire sector --- Monetary policy - Mathematical models --- Macroeconomics - Mathematical models
Book
Year: 1990 Publisher: Stockholm: University of Stockholm. Institute for international economic studies,
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Book
Year: 1990 Publisher: Stockholm: University of Stockholm. Institute for international economic studies,
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Book
Year: 1990 Publisher: Stockholm
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Year: 1990 Publisher: Stockholm University of Stockholm. Institute for international economic studies
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Year: 1990 Publisher: Cambridge, Mass. National Bureau of Economic Research
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The internal market in Europe will greatly increase the international mobility of resources. How will this affect fiscal policy in different countries? The first part of the paper considers taxation of capital in a two country model, where a democratically chosen government in each country chooses tax policy. Higher capital mobility changes the politico-economic equilibrium in two ways. On the one hand, it leads to more tax competition between the countries: this "economic effect" tends to lower both countries' tax rates. On the other hand, it alters voters' preferences and make them elect a different government: this "political effect" offsets the increased tax competition, although not completely so. The second part of the paper considers taxation of labor, in a model where labor is internationally immobile. Eliminating the remaining barriers' to trade in goals, changes the distribution of labor earnings in the economy, which again has a political, as well as an economic effect. And again the economic and political effects push the tax rates in different directions, but here the political effect can prevail. The tendency for an adapting political equilibrium to preserve the status quo, thus emerges as a general result of the paper.
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