Macroeconomic Effects of Dividend Taxation with Investment Credit Limits /
We analyze the effects of dividend taxation in a general equilibrium business cycle model with an occasionally-binding investment credit limit. Permanent dividend tax reforms distort capital investment decisions in the binding long-run equilibrium, but are neutral otherwise. Temporary unexpected tax...
| Príomhchruthaitheoir: | |
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| Rannpháirtithe: | |
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
2022.
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| Sraith: | IMF Working Papers; Working Paper ;
No. 2022/127 |
| Ábhair: | |
| Rochtain ar líne: | Full text available on IMF Full text available on IMF |
| LEADER | 02224cas a2200325 a 4500 | ||
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| 020 | |c 20.00 USD | ||
| 020 | |z 9798400214721 | ||
| 022 | |a 1018-5941 | ||
| 040 | |a BD-DhAAL |c BD-DhAAL | ||
| 100 | 1 | |a Ghilardi, Matteo. | |
| 245 | 1 | 0 | |a Macroeconomic Effects of Dividend Taxation with Investment Credit Limits / |c Matteo Ghilardi, Roy Zilberman. |
| 264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 2022. | |
| 300 | |a 1 online resource (35 pages) | ||
| 490 | 1 | |a IMF Working Papers | |
| 500 | |a <strong>Off-Campus Access:</strong> No User ID or Password Required | ||
| 500 | |a <strong>On-Campus Access:</strong> No User ID or Password Required | ||
| 506 | |a Electronic access restricted to authorized BRAC University faculty, staff and students | ||
| 520 | 3 | |a We analyze the effects of dividend taxation in a general equilibrium business cycle model with an occasionally-binding investment credit limit. Permanent dividend tax reforms distort capital investment decisions in the binding long-run equilibrium, but are neutral otherwise. Temporary unexpected tax cuts stimulate shortterm real activity in the credit-constrained economy, yet produce contractionary macroeconomic outcomes in the slack regime. The occasionally-binding constraint reconciles the `traditional' and `new' views of dividend taxation, and highlights the importance of measuring the firm's initial borrowing position before enacting tax reforms. Finally, permanently lower dividend taxes dampen financial business cycles, and help to explain macroeconomic asymmetries. | |
| 538 | |a Mode of access: Internet | ||
| 650 | 7 | |a Capacity |2 imf | |
| 650 | 7 | |a Capital |2 imf | |
| 650 | 7 | |a Financial Markets and the Macroeconomy |2 imf | |
| 650 | 7 | |a Intangible Capital |2 imf | |
| 650 | 7 | |a Investment |2 imf | |
| 700 | 1 | |a Zilberman, Roy.. | |
| 830 | 0 | |a IMF Working Papers; Working Paper ; |v No. 2022/127 | |
| 856 | 4 | 0 | |z Full text available on IMF |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=127 |z IMF e-Library |
| 856 | 4 | 0 | |z Full text available on IMF |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=128 |z IMF e-Library |