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Empirical Approaches to Fiscal Policy Modelling (Hardcover, 1993 ed.)
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Empirical Approaches to Fiscal Policy Modelling (Hardcover, 1993 ed.)
Series: International Studies in Economic Modelling
Expected to ship within 10 - 15 working days
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Alberto Heimler and Daniele Meulders In the last decade the
modelling of the interrelationship between public finance and the
rest of the economy has seen substantial advances, reflected in
many of the papers delivered to the Applied Econometrics
Association Conference held at Confindustria, Rome, on 30 November
and 1 December 1989. In particular, the development of the
literature on applied general-equilibrium modelling has found most
of its applications in the field of taxation, enlarging and
completing the estimation of the welfare loss due to distortionary
taxes. In this context an important extension has been the
introduction of overlapping-generation models. Furthermore, it has
become clear that most individual decisions, especially the
decision whether or not to work, are dependent upon the tax system,
in the sense that the higher the marginal income tax the larger the
wedge between labour cost and take-home pay, the last one being the
decision variable in the demand for leisure. Finally, in the
European context, the completion of the internal market has brought
about the necessity to harmonize fiscal systems in the EEC member
countries. A number of papers study, therefore, the effects of
fiscal reform on efficiency, welfare and growth.
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