International Aspects of Budget Deficits with Distortionary Taxes
By:International Monetary Fund
Published on 1987-09-15 by International Monetary Fund
Much of the recent research of the international economic consequences of budget deficit has been conducted under the assumption that taxes are lump sum.
It has thus abstracted from important issues that arise in the context of distortionary tax systems.
Our analysis deals with the international effects of budget deficits under alternative tax systems.
The key result of the analysis is that the consequences of tax policies and the characteristics of the international transmission mechanism depend critically on the precise composition of taxes.
Specifically, under a value-added tax system a budget deficit lowers the world rate of interest while under an income-tax system the same deficit raises the world rate of interest.
This Book was ranked at 14 by Google Books for keyword International Taxes.
Book ID of International Aspects of Budget Deficits with Distortionary Taxes's Books is 0I4YEAAAQBAJ, Book which was written by "International Monetary Fund" have ETAG "0Lcr0cWWKok"
Book which was published by International Monetary Fund since 1987-09-15 have ISBNs, ISBN 13 Code is 1451965486 and ISBN 10 Code is 9781451965483
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