Tax Reforms, 'Free Lunches', and 'Cheap Lunches' in Open Economies /

This paper focuses on the macroeconomic and budgetary impact of tax reforms in a New Keynesian two-country model. Our results show that both income and consumption unilateral tax rate reductions do not constitute a "free lunch", in the sense that they have negative budgetary consequences f...

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Hlavní autor: Tervala, Juha
Další autoři: Ganelli, Giovanni
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2008.
Edice:IMF Working Papers; Working Paper ; No. 2008/227
On-line přístup:Full text available on IMF