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European Fiscal Harmonization and the French Economy

This paper examines the implications of European fiscal harmonization for the French economy using a general equilibrium model. The latter extends the overlapping generations simulation model of Auerbach and Kotlikoff in three ways. A well-developed external sector is included. Households face const...

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Bibliographic Details
Main Author: Perraudin, W.
Other Authors: Pujol, Thierry
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1990
Series:IMF Working Papers
Subjects:
Wealth
Economics
Public Finance & Taxation
Taxes
Saving
National Accounts
Business Taxes And Subsidies
Income And Capital Gains Taxes
Consumption Taxes
Consumption
Personal Finance -taxation
Macroeconomics
Macroeconomics: Consumption
Taxation
Personal Income And Other Nonbusiness Taxes And Subsidies
Value-added Tax
Spendings Tax
Income Tax
Personal Income Tax
France
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper examines the implications of European fiscal harmonization for the French economy using a general equilibrium model. The latter extends the overlapping generations simulation model of Auerbach and Kotlikoff in three ways. A well-developed external sector is included. Households face constraints in their borrowing. The population comprises “rich” and “poor” households with different labor productivities. The harmonization policy that involves cuts in VAT and savings taxes leads to welfare losses for both rich and poor approximately equivalent to one percent of GDP.
Physical Description:52 pages
ISBN:9781451949933

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