Tax Policy and Uncertainty: Modelling Debt Projections and Fiscal Sustainability - Couverture rigide

Ball, Christopher; Creedy, John; Scobie, Grant

Couverture rigide

ISBN 10 : 1800376006 ISBN 13 : 9781800376007

Editeur : Edward Elgar Publishing Ltd, 2020

Synopsis

Presenting innovative modelling approaches to the analysis of fiscal policy and government debt, this book moves beyond previous models that have relied upon the assumption that various age-specific rates and policy variables remain unchanged when it comes to generating government expenditures and tax revenues. As a result of population ageing, current policy settings in many countries are projected to lead to unsustainable levels of public debt; Tax Policy and Uncertainty explores models that allow for feedbacks and uncertainty to combat this.

Applicable to any country, the models in the book explore the optimal timing and extent of tax changes in the face of anticipated high future debt. Chapters produce stochastic debt projections, including probability distribution of debt ratios at each point in time. It also offers important analysis of fiscal policy trade-offs as well as providing advice on when and by how much tax rates should be increased.

Economics scholars focusing on fiscal policy will appreciate the improved models in this book that allow both for uncertainty and feedback effects arising from responses to increased debt. It will also be helpful to economic policy advisors and economists in government departments.

A propos du livre

À propos de l'auteur

Christopher Ball, John Creedy, Victoria University of Wellington and Grant Scobie, formerly The Treasury, Wellington, New Zealand

Détails de l'édition

• Éditeur: Edward Elgar Publishing Ltd
• Date d'édition: 2020
• Langue: anglais
• ISBN 10: 1800376006
• ISBN 13: 9781800376007
• Reliure: Relié
• Nombre de pages: 192
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible