Series: IMF Working Papers
Author(s): Seok Park
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2012
Keywords: tax rates, tax rate, tax revenue, government expenditure, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, Laffer Curve, Public Economics,
This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-...