Journal Article

How is Tax Policy Conducted over the Business Cycle?

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collection.link.125
https://openknowledge.worldbank.org/handle/10986/4401
collection.name.125
C. Journal articles published externally
dc.contributor.author
Vegh, Carlos A.
dc.contributor.author
Vuletin, Guillermo
dc.date.accessioned
2018-02-02T15:46:53Z
dc.date.available
2018-02-02T15:46:53Z
dc.date.issued
2015-08
dc.date.lastModified
2021-04-23T14:04:52Z
dc.description.abstract
It is well known by now that government spending has typically been procyclical in developing economies but acyclical or countercyclical in industrial countries. Little, if any, is known, however, about the cyclical behavior of tax rates (as opposed to tax revenues, which are endogenous to the business cycle and, hence, cannot shed light on the cyclicality of tax policy). We build a novel dataset on tax rates for 62 countries for the period 1960-2013 that comprises corporate income, personal income, and value-added tax rates. We find that tax policy is acyclical in industrial countries but mostly pro cyclical in developing countries.
en
dc.identifier.citation
American Economic Journal: Economic Policy
dc.identifier.uri
http://hdl.handle.net/10986/29303
dc.publisher
American Economic Association
dc.rights
CC BY 3.0 IGO
dc.rights.holder
American Economic Association
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
BUSINESS CYCLES
dc.subject
TAXATION
dc.subject
TAX POLICY
dc.subject
CYCLICALITY
dc.subject
REVENUE
dc.subject
PUBLIC SPENDING
dc.subject
TAX RATES
dc.subject
BUSINESS CYCLES
dc.title
How is Tax Policy Conducted over the Business Cycle?
en
dc.type
Journal Article
en
okr.associatedcontent
https://www.aeaweb.org/articles?id=10.1257/pol.20120218 Journal website (version of record)
en
okr.associatedcontent
https://openknowledge.worldbank.org/handle/10986/26364 Fiscal policy book
en
okr.date.disclosure
2018-02-02
okr.doctype
Publications & Research :: Journal Article
okr.doctype
Publications & Research
okr.externalcontent
External Content
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1257/pol.20120218
okr.identifier.report
123180
okr.journal.nbpages
327-70
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.topic
Macroeconomics and Economic Growth :: Business Cycles and Stabilization Policies
okr.topic
Macroeconomics and Economic Growth :: Economic Modeling and Statistics
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic
Macroeconomics and Economic Growth :: Taxation & Subsidies
okr.volume
7(3)

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