经济衰退中的消费税削减*

IF 1.5 3区经济学 Q2 ECONOMICS

International Economic Review Pub Date : 2023-07-27 DOI:10.1111/iere.12661

Francesca Parodi

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引用次数: 0

摘要

我利用一个具有多种消费类别的结构性生命周期模型，研究了在经济衰退期间临时削减消费税率作为财政刺激手段的有效性。我发现非耐用奢侈品的税收弹性为 0.4，耐用消费品的税收弹性为 10.5。我的研究表明，对非耐用消费品的减税具有跨期替代效应，而对耐用消费品的减税则通过跨期替代机制发挥作用，这种机制对高收入、流动性受限和年轻的家庭更强。由于耐用消费品的部分不可逆转性和预防性储蓄动机，这一机制在不太持续的经济衰退中被放大，在没有经济衰退的情况下被抑制。

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CONSUMPTION TAX CUTS IN A RECESSION

I study the effectiveness of temporary cuts to consumption tax rates as fiscal stimulus instruments during recessions using a structural life-cycle model with multiple consumption categories. I find tax elasticities of 0.4 for nondurable luxuries and of 10.5 for durables. I show that the tax cut on nondurables has an intratemporal substitution effect, whereas the tax cut on durables acts through an intertemporal substitution mechanism that is stronger for high-income, liquidity-unconstrained, and younger households. This mechanism is amplified in less persistent recessions and dampened in absence of recessions due to durables' partial irreversibility and precautionary saving motives.

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来源期刊

International Economic Review ECONOMICS-

CiteScore

2.60

自引率

0.00%

发文量

期刊介绍： The International Economic Review was established in 1960 to provide a forum for modern quantitative economics. From its inception, the journal has tried to stimulate economic research around the world by publishing cutting edge papers in many areas of economics, including econometrics, economic theory, macro, and applied economics.