Fiscal Devaluation and Structural Gaps

The paper characterizes the optimal tax scheme in an open economy with structural inefficiencies on the labor market and on government size. On analytical grounds first, we show that the economy can use fiscal revaluation to exploit the terms of trade externality and to dampen the impact of an exces...

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Bibliographic details

Main Author:	Langot, François Patureau, Lise Sopraseuth, Thepthida
Format:	Publication
Language:	English
Place of publication:	HAL CCSD 17.01.2017
Data of publication:	2017-01-17
Classification Codes:
Subjects:	Consumption tax, payroll tax, Ramsey allocation, labor market search, open economy, public spending JEL: H - Public Economics/H.H2 - Taxation, Subsidies, and Revenue/H.H2.H21 - Efficiency • Optimal Taxation économie ouverte Ramsey allocation appariement sur le marché du travail payroll tax cotisations sociales allocation de Ramsey public spending labor market search [QFIN]Quantitative Finance [q-fin] JEL: E - Macroeconomics and Monetary Economics/E.E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook/E.E6.E62 - Fiscal Policy open economy JEL: E - Macroeconomics and Monetary Economics/E.E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy/E.E2.E27 - Forecasting and Simulation: Models and Applications JEL: J - Labor and Demographic Economics/J.J3 - Wages, Compensation, and Labor Costs/J.J3.J38 - Public Policy Taxes sur la consommation consumption tax dépenses publiques
Online Access:	available in Bonn?
Database:	OpenAIRE (Open Access) OpenAIRE Database information Databases - DBIS