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No Business Taxation Without Model Representation

No Business Taxation Without Model Representation »

Source: No Business Taxation Without Model Representation : Adding Corporate Income and Cash Flow Taxes to GIMF

Volume/Issue: 2017/259

Series: IMF Working Papers

Author(s): Benjamin Carton , Emilio Fernández Corugedo , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2017

ISBN: 9781484326015

Keywords: tax policy; business taxation; financial accelerator; corporate leverage; dynamic stochastic general equilibrium models; macroeconomic interdependence; tax policy; business taxation; dynamic stochastic general equilibrium models; macroeconomic interdependence; Forecasting and Simulation; Monetary Policy (Targets; Instruments; and Effects); Open Economy Macroeconomics

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper...

Measures of Fiscal Risk in  Hydrocarbon-Exporting Countries

Measures of Fiscal Risk in Hydrocarbon-Exporting Countries »

Source: Measures of Fiscal Risk in Hydrocarbon-Exporting Countries

Volume/Issue: 2012/260

Series: IMF Working Papers

Author(s): Carlos Caceres , and Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2012

ISBN: 9781475530162

Keywords: stochastic simulations, volatility, break-even prices, exporting countries, commodity prices, break-even prices., Forecasting and Other Model Applications, Financial Forecasting and Simulation, General, Government Policy,

The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, mediu...

Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition

Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition »

Source: Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition

Volume/Issue: 2018/119

Series: IMF Working Papers

Author(s): Philippe Karam , and Dirk Muir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2018

ISBN: 9781484357200

Keywords: Asia and Pacific, Australia, Dynamic stochastic general equilibrium; open economy macoeconomics; small open economy; open economy simulation, Dynamic stochastic general equilibrium, open economy macoeconomics, small open economy, open economy simulation, Forecasting and Simulation, Open Economy Macroeconomics, International Policy Coordination and Transmission

China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for Australian commodities (coal and iron ore) and services (tourism and education). These links a...

Corporate Tax Reform: From Income to Cash Flow Taxes

Corporate Tax Reform: From Income to Cash Flow Taxes »

Source: Corporate Tax Reform: From Income to Cash Flow Taxes

Volume/Issue: 2019/13

Series: IMF Working Papers

Author(s): Benjamin Carton , Emilio Fernández Corugedo , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2019

ISBN: 9781484390085

Keywords: tax policy; business taxation, corporate leverage, dynamic stochastic general equilibrium models; macroeconomic interdependence, tax policy, business taxation, dynamic stochastic general equilibrium models, macroeconomic interdependence, Forecasting and Simulation, Monetary Policy (Targets, Instruments

This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key ch...

Identical Twins? Destination-Based Cash-Flow Taxes Versus Consumption Taxes with Payroll Subsidies

Identical Twins? Destination-Based Cash-Flow Taxes Versus Consumption Taxes with Payroll Subsidies »

Source: Identical Twins? Destination-Based Cash-Flow Taxes Versus Consumption Taxes with Payroll Subsidies

Volume/Issue: 2017/276

Series: IMF Working Papers

Author(s): Benjamin Carton , Emilio Fernández Corugedo , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2017

ISBN: 9781484332993

Keywords: tax policy; business taxation, financial accelerator, dynamic stochastic general equilibrium models; macroeconomic interdependence, tax policy, business taxation, dynamic stochastic general equilibrium models, macroeconomic interdependence, Forecasting and Simulation, Monetary Policy (Targets, Instruments

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research....

Italy: Toward a Growth-Friendly Fiscal Reform1

Italy: Toward a Growth-Friendly Fiscal Reform1 »

Source: Italy: Toward a Growth-Friendly Fiscal Reform

Volume/Issue: 2018/59

Series: IMF Working Papers

Author(s): Michal Andrle , Shafik Hebous , Alvar Kangur , and Mehdi Raissi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2018

ISBN: 9781484347584

Keywords: Europe, Italy, Growth-friendly fiscal policy, public pensions, dynamic stochastic general equilibrium models, Forecasting and Simulation, Social Security and Public Pensions, Italy

Published in late 2017, the Italian medium-term fiscal plan aims to achieve structural balance by 2020, although concrete, high-quality measures to meet the target are yet to be specified. This paper seeks to contr...

No Business Taxation Without Model Representation
			: Adding Corporate Income and Cash Flow Taxes to GIMF

No Business Taxation Without Model Representation : Adding Corporate Income and Cash Flow Taxes to GIMF »

Volume/Issue: 2017/259

Series: IMF Working Papers

Author(s): Benjamin Carton , Emilio Fernández Corugedo , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2017

DOI: http://dx.doi.org/10.5089/9781484326015.001

ISBN: 9781484326015

Keywords: tax policy; business taxation; financial accelerator; corporate leverage; dynamic stochastic general equilibrium models; macroeconomic interdependence; tax policy; business taxation; dynamic stochastic general equilibrium models; macroeconomic interdependence; Forecasting and Simulation; Monetary Policy (Targets; Instruments; and Effects); Open Economy Macroeconomics

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper...

Measures of Fiscal Risk in  Hydrocarbon-Exporting Countries

Measures of Fiscal Risk in Hydrocarbon-Exporting Countries »

Volume/Issue: 2012/260

Series: IMF Working Papers

Author(s): Carlos Caceres , and Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2012

DOI: http://dx.doi.org/10.5089/9781475530162.001

ISBN: 9781475530162

Keywords: stochastic simulations, volatility, break-even prices, exporting countries, commodity prices, break-even prices., Forecasting and Other Model Applications, Financial Forecasting and Simulation, General, Government Policy,

The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, mediu...

Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition

Australia's Linkages with China: Prospects and Ramifications of China's Economic Transition »

Volume/Issue: 2018/119

Series: IMF Working Papers

Author(s): Philippe Karam , and Dirk Muir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2018

DOI: http://dx.doi.org/10.5089/9781484357200.001

ISBN: 9781484357200

Keywords: Asia and Pacific, Australia, Dynamic stochastic general equilibrium; open economy macoeconomics; small open economy; open economy simulation, Dynamic stochastic general equilibrium, open economy macoeconomics, small open economy, open economy simulation, Forecasting and Simulation, Open Economy Macroeconomics, International Policy Coordination and Transmission

China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for Australian commodities (coal and iron ore) and services (tourism and education). These links a...

Corporate Tax Reform: From Income to Cash Flow Taxes

Corporate Tax Reform: From Income to Cash Flow Taxes »

Volume/Issue: 2019/13

Series: IMF Working Papers

Author(s): Benjamin Carton , Emilio Fernández Corugedo , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2019

DOI: http://dx.doi.org/10.5089/9781484390085.001

ISBN: 9781484390085

Keywords: tax policy; business taxation, corporate leverage, dynamic stochastic general equilibrium models; macroeconomic interdependence, tax policy, business taxation, dynamic stochastic general equilibrium models, macroeconomic interdependence, Forecasting and Simulation, Monetary Policy (Targets, Instruments

This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key ch...