The Laffer curve revisited

被引：231

作者：

Trabandt, Mathias ^{[2
]}

Uhlig, Harald ^{[1
,3
,4
]}

机构：

[1] Univ Chicago, Dept Econ, Chicago, IL 60637 USA

[2] European Cent Bank, Directorate Gen Res, Monetary Policy Res Div, D-60311 Frankfurt, Germany

[3] Deutsch Bundesbank, Frankfurt, Germany

[4] NBER, Cambridge, MA 02138 USA

来源：

JOURNAL OF MONETARY ECONOMICS | 2011年 / 58卷 / 04期

基金：

美国国家科学基金会;

关键词：

TAX CUTS; GROWTH; MACROECONOMICS; SWEDEN; BUDGET; LABOR;

D O I：

10.1016/j.jmoneco.2011.07.003

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Laffer curves for the US, the EU-14 and individual European countries are compared, using a neoclassical growth model featuring "constant Frisch elasticity" (CFE) preferences. New tax rate data is provided. The US can maximally increase tax revenues by 30% with labor taxes and 6% with capital taxes. We obtain 8% and 1% for the EU-14. There, 54% of a labor tax cut and 79% of a capital tax cut are self-financing. The consumption tax Laffer curve does not peak. Endogenous growth and human capital accumulation affect the results quantitatively. Household heterogeneity may not be important, while transition matters greatly. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：305 / 327

页数：23