01450nam a2200289 i 450099100036858970753620250124124251.0990330s1978 rb er 101 | fre b10690323-39ule_instEXGIL144362ExLBibl. Interfacoltà T. PellegrinoitaSocioculturale Scs324.2497075Dolanc, Stane533923Thèses fondamentales pour l'élaboration des prises de position et des documents du onzième Congrès de la Ligue des communistes de Yougoslavie :allocution d'ouverture de Stane Dolanc à la cinquième réunion du Comité central de la Ligue des communistes de YougoslavieBeograd :Kultura,1978303 p. ;20 cmQuestions actuelles du socialismeOn cover: Onzième Congrès de la Ligue des communistes de YougoslavieSocialismYugoslaviaCongressesLega dei comunisti della JugoslaviaQuestions actuelles du socialisme.b1069032302-04-1428-06-02991000368589707536LE002 Con. 5091LE002-76648le002-E0.00-no00000.i1078443328-06-02Thèses fondamentales pour l'élaboration des prises de position et des documents du onzième Congrès de la Ligue des communistes de Yougoslavie908758UNISALENTOle00201-01-99ma-engxx0105096oam 22011774 450 991095740400332120250426110605.0978661284178197814623436831462343686978145271376214527137669781451870855145187085X97812828417891282841785(CKB)3170000000055130(EBL)1608038(SSID)ssj0000943287(PQKBManifestationID)11584500(PQKBTitleCode)TC0000943287(PQKBWorkID)10978109(PQKB)11231071(OCoLC)762701230(IMF)WPIEE2008227(MiAaPQ)EBC1608038(IMF)WPIEA2008227WPIEA2008227(EXLCZ)99317000000005513020020129d2008 uf 0engur|n|---|||||txtccrTax Reforms, “Free Lunches”, and “Cheap Lunches” in Open Economies /Juha Tervala, Giovanni Ganelli1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (32 p.)IMF Working PapersIMF working paper ;WP/08/227Description based upon print version of record.9781451915389 1451915381 Includes bibliographical references.Contents; I. Introduction; II. The Model; A. Households; B. The Government; C. Firms; D. The Initial Steady State; III. Parameterization; IV. The Domestic and International Effects of a Cut in the Income Tax Rate; A. The Impact on the Domestic Economy; B. The International Effects; V. Consumption Tax Cuts; VI. A Revenue Neutral Tax Reform; VII. Sensitivity Analysis; VII. Conclusions; Appendix; ReferencesThis 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 for the country which implements them. In addition, the degree of self-financing implied by our model is in the 8½-24 percent range. Since the degree of self-financing estimated in previous literature was larger, we conclude that in our model not only the "lunch" is not "free", but is also not that "cheap". A comparison of alternative (income-tax versus consumption-tax based) fiscal stimulus packages shows that consumption tax cuts imply a larger short-run impact on domestic output but the income tax cuts stimulate the domestic economy more in the long run. We also look at the implications of a revenue-neutral tax reform in which consumption taxes are increased to compensate for lower income tax collection.IMF Working Papers; Working Paper ;No. 2008/227TaxationEconometric modelsPublic welfareEconometric modelsBusiness Taxes and SubsidiesimfConsumption taxesimfConsumptionimfEconomicsimfIncome and capital gains taxesimfIncome taximfMacroeconomicsimfMacroeconomics: ConsumptionimfPersonal Income and Other Nonbusiness Taxes and SubsidiesimfPublic finance & taxationimfPublic FinanceimfRevenue administrationimfRevenueimfSavingimfSpendings taximfTax administration and procedureimfTax collectionimfTaxationimfTaxation, Subsidies, and Revenue: GeneralimfWealthimfUnited StatesimfTaxationEconometric models.Public welfareEconometric models.Business Taxes and SubsidiesConsumption taxesConsumptionEconomicsIncome and capital gains taxesIncome taxMacroeconomicsMacroeconomics: ConsumptionPersonal Income and Other Nonbusiness Taxes and SubsidiesPublic finance & taxationPublic FinanceRevenue administrationRevenueSavingSpendings taxTax administration and procedureTax collectionTaxationTaxation, Subsidies, and Revenue: GeneralWealth336.2Tervala Juha1815853Ganelli Giovanni1092052DcWaIMFBOOK9910957404003321Tax Reforms, “Free Lunches”, and “Cheap Lunches” in Open Economies4371385UNINA