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Non-Linear Effects of Tax Changes on Output : The Role of the Initial Level of Taxation

This paper estimates the effect of worldwide tax changes on output following the narrative approach developed for the United States by Romer and Romer (2010). The analysis uses a novel dataset on value-added taxes for 51 countries (21 industrial an...

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Bibliographic Details
Main Authors: Gunter, Samara, Riera-Crichton, Daniel, Vegh, Carlos, Vuletin, Guillermo
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
TAXATION
TAX RATES
TAX MULTIPLIER
TAX POLICY
VALUE ADDED TAX
BUSINESS CYCLES
TAX SHOCKS
Online Access:http://documents.worldbank.org/curated/en/654331544193195012/Non-Linear-Effects-of-Tax-Changes-on-Output-The-Role-of-the-Initial-Level-of-Taxation
http://hdl.handle.net/10986/30990

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