Tax policy for economic recovery and growth

Autor: Heady, Christopher, Johansson, Åsa, Arnold, Jens, Brys, Bert, Vartia, Laura
Jazyk: angličtina
Rok vydání: 2009
Předmět:
Popis: This paper identifies tax policy that both speeds recovery from the current economic crisis and contributes to long-run growth. This is a challenge because short-term recovery requires increases in demand while long-term growth requires increases in supply. As short-term tax concessions can be hard to reverse, this implies that policies to alleviate the crisis could compromise long-run growth. The analysis makes use of recent evidence on the impact of tax structure on economic growth to identify which growth-enhancing tax changes can also aid recovery, taking account of the need to protect those on low incomes.
Databáze: OpenAIRE