کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
10478274 930930 2005 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Evaluation of interest tax policies in a model of finance and growth
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Evaluation of interest tax policies in a model of finance and growth
چکیده انگلیسی
We develop an overlapping generations model with an active financial sector to differentiate loan from deposit rates and to allow for endogenous credit rationing. We evaluate the macroeconomic consequences of two interest tax policies, an increase in interest tax exemption and a reduction in the interest income tax rate, with and without credit market imperfections. While these policies have different effects in unconstrained equilibrium, they are identical in credit-constrained equilibrium. While these policies may encourage growth with credit rationing when the speed of human capital accumulation is sensitive to education, no such conclusion can be reached in unconstrained equilibrium.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Macroeconomics - Volume 27, Issue 3, September 2005, Pages 533-552
نویسندگان
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