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The Perils of Tax Smoothing

The Perils of Tax Smoothing »

Source: The Perils of Tax Smoothing : Sustainable Fiscal Policy with Random Shocks to Permanent Output

Volume/Issue: 2005/207

Series: IMF Working Papers

Author(s): Evan Tanner , and Kevin Carey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2005

ISBN: 9781451862263

Keywords: Tax smoothing, sustainability, and forecast error, tax rates, statistics, standard deviation, statistic, forecast error,

If permanent output is uncertain, tax smoothing can be perilous: both debt levels and tax rates are difficult to stabilize and may drift upwards. One practical remedy would be to target the debt. However, our simul...

The Perils of Tax Smoothing
			: Sustainable Fiscal Policy with Random Shocks to Permanent Output

The Perils of Tax Smoothing : Sustainable Fiscal Policy with Random Shocks to Permanent Output »

Volume/Issue: 2005/207

Series: IMF Working Papers

Author(s): Evan Tanner , and Kevin Carey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2005

DOI: http://dx.doi.org/10.5089/9781451862263.001

ISBN: 9781451862263

Keywords: Tax smoothing, sustainability, and forecast error, tax rates, statistics, standard deviation, statistic, forecast error,

If permanent output is uncertain, tax smoothing can be perilous: both debt levels and tax rates are difficult to stabilize and may drift upwards. One practical remedy would be to target the debt. However, our simul...