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European Fiscal Harmonization and the French Economy

Author

Listed:
  • W. R. M. Perraudin

    (International Monetary Fund)

  • T. Pujol

    (International Monetary Fund)

Abstract

The implications of European fiscal harmonization for the French economy are examined using a general equilibrium model. The model extends the overlapping generations, simulation model developed by Auerbach and Kotlikoff in three ways: a well-developed external sector is included; households face constraints in their borrowing; and 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 1 percent of GDP.

Suggested Citation

  • W. R. M. Perraudin & T. Pujol, 1991. "European Fiscal Harmonization and the French Economy," IMF Staff Papers, Palgrave Macmillan, vol. 38(2), pages 399-440, June.
    • Handle: RePEc:pal:imfstp:v:38:y:1991:i:2:p:399-440
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    Citations

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    Cited by:

    1. Fehr, Hans, 1999. "Welfare Effects of Dynamic Tax Reforms," Beiträge zur Finanzwissenschaft, Mohr Siebeck, Tübingen, edition 1, volume 5, number urn:isbn:9783161470165, September.
    2. Ruocco, Anna, 1995. "Savings and investment fiscal policies: A quantitative analysis for the Italian economy," Tübinger Diskussionsbeiträge 49, University of Tübingen, School of Business and Economics.
    3. Serdar Sayan & Ali Emre Uyar, 2001. "Directions of Trade Flows and Labor Movements between high-and Low-Population Growth Countries: An Overlapping Generations General Equilibrium Analysis," Working Papers 0108, Department of Economics, Bilkent University.
    4. Kenc, Turalay & Sayan, Serdar, 2001. "Demographic shock transmission from large to small countries: An overlapping generations CGE analysis," Journal of Policy Modeling, Elsevier, vol. 23(6), pages 677-702, August.
    5. Cieślik, Andrzej & Turgut, Mehmet Burak, 2021. "Fiscal harmonization in view of the Euro adoption: Economic implications for Poland," Journal of Policy Modeling, Elsevier, vol. 43(2), pages 394-415.
    6. Lassila, Jukka, 2002. "An Overlapping-Generations Simulation Model for the Lithuanian Economy," Discussion Papers 669, The Research Institute of the Finnish Economy.
    7. Turalay Kenc & Serdar Sayan, 1998. "Transmission of Demographic Shock Effects from Large to Small," GE, Growth, Math methods 9804001, University Library of Munich, Germany.
    8. Valkonen, Tarmo, 2000. "Shifting the tax burden from labour to capital in general equilibrium," Discussion Papers 702, The Research Institute of the Finnish Economy.

    More about this item

    JEL classification:

    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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