Optimal Fiscal Devaluation

We study fiscal devaluation in a small-open economy with labor market search frictions. Our analysis shows the key role of both dimensions in shaping the optimal tax scheme. By reducing labor market distortions, the tax reform is welfare-improving. Yet, as it makes imports more expensive, fiscal dev...

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Bibliographic details
Main Author:	Langot, François Patureau, Lise Sopraseuth, Thepthida
Format:	Publication
Language:	English
Place of publication:	HAL CCSD 01.01.2012
Data of publication:	2012-01-01
Classification Codes:
Dewey Decimal Classification:	330
Discipline:	Economics
Subjects:	Kleines-offenes-Land fiscal devaluation; consumption tax; payroll tax; labor market search; small open economy; Dynamic General Equilibrium model fiscal devaluation, consumption tax, payroll tax, labor market search, small open economy, Dynamic General Equilibrium model Arbeitsuche Dynamic General Equilibrium mode,small open economy,labor market search,payroll tax,fiscal devaluation,consumption tax Dynamic General Equilibrium mode JEL: E - Macroeconomics and Monetary Economics/E.E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook Steuerreform fiscal devaluation payroll tax Dynamic General Equilibrium model labor market search Internationaler Wettbewerb small open economy Theorie JEL: E - Macroeconomics and Monetary Economics/E.E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy Dynamisches Gleichgewicht [QFIN.TR]Quantitative Finance [q-fin]/Trading and Market Microstructure [q-fin.TR] JEL: J - Labor and Demographic Economics/J.J3 - Wages, Compensation, and Labor Costs JEL: H - Public Economics/H.H2 - Taxation, Subsidies, and Revenue consumption tax Optimale Besteuerung
Online Access:	available in Bonn?
Database:	OpenAIRE (Open Access) OpenAIRE Database information Databases - DBIS