This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Tax Effects on the Real Exchange Rate Author info | Abstract | Publisher info | Download info | Related research | Statistics Stacie Beck () (Department of Economics, University of Delaware)
Cagay Coskuner (Eastern Mediterranean University)
Additional information is available for the following
registered author(s):
This study examines the effects of taxes on the real exchange rate through their marginal impacts on economic activity. We develop a model that shows that an increase in the capital interest tax rate leads to real domestic currency depreciation while an increase in wage or consumption tax rates lead to a real domestic currency appreciation. These theoretical findings are supported by an empirical study using panel data estimations of ten OECD countries over 17 years.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by University of Delaware, Department of Economics in its series Working Papers with number
03-11.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length: 33 pages
Date of creation: 2003Date of revision:
Publication status: Published in Review of International Economics, forthcoming, 2007.Handle: RePEc:dlw:wpaper:03-11Contact details of provider: Postal: Purnell Hall, Newark, Delaware 19716 Fax: (302) 831-6968 Web page: http://www.lerner.udel.edu/departments/economics/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Saul Hoffman).
Keywords: Fiscal Policy ; Taxation ; Real Exchange Rates ; Other versions of this item:
Find related papers by JEL classification: C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data F31 - International Economics - - International Finance - - - Foreign Exchange F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Kenneth A. Froot & Kenneth Rogoff, 1996.
"Perspectives on PPP and Long-Run Real Exchange Rates ,"
NBER Working Papers
4952, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Asea, Patrick K & Corden, W Max, 1994.
"The Balassa-Samuelson Model: An Overview ,"
Review of International Economics ,
Blackwell Publishing, vol. 2(3), pages 191-200, October.
Oh, Keun-Yeob, 1996.
"Purchasing power parity and unit root tests using panel data ,"
Journal of International Money and Finance ,
Elsevier, vol. 15(3), pages 405-418, June.
[Downloadable!] (restricted)
Perron, Pierre, 1989.
"The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis ,"
Econometrica ,
Econometric Society, vol. 57(6), pages 1361-1401, November.
[Downloadable!] (restricted)
Other versions: Pedroni, Peter, 1999.
" Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors ,"
Oxford Bulletin of Economics and Statistics ,
Department of Economics, University of Oxford, vol. 61(0), pages 653-70, Special I.
[Downloadable!] (restricted)
Enrique G. Mendoza & Assaf Razin & Linda L. Tesar, 1995.
"Effective Tax Rates in Macroeconomics: Cross-Country Estimates of Tax Rates on Factor Incomes and Consumption ,"
NBER Working Papers
4864, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Menzie David Chinn, 1998.
"The usual suspects? Productivity and demand shocks and Asia-Pacific real exchange rates ,"
Working Papers
31, Oesterreichische Nationalbank (Austrian Central Bank).
[Downloadable!]
Other versions:
Menzie David Chinn, 1997.
"The usual suspects? productivity and demand shocks and Asia-Pacific real exchange rates ,"
Pacific Basin Working Paper Series
97-06, Federal Reserve Bank of San Francisco.
[Downloadable!] Chinn, M.D., 1997.
"The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates ,"
Papers
97-06, Economisch Institut voor het Midden en Kleinbedrijf-.
Menzie David Chinn, 1997.
"The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates ,"
NBER Working Papers
6108, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Chinn, Menzie D, 2000.
"The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates ,"
Review of International Economics ,
Blackwell Publishing, vol. 8(1), pages 20-43, February.
[Downloadable!] (restricted) Dibooglu, Selahattin, 1996.
"Real disturbances, relative prices and purchasing power parity ,"
Journal of Macroeconomics ,
Elsevier, vol. 18(1), pages 69-87.
[Downloadable!] (restricted)
Other versions: Taylor, Mark P. & Sarno, Lucio, 1998.
"The behavior of real exchange rates during the post-Bretton Woods period ,"
Journal of International Economics ,
Elsevier, vol. 46(2), pages 281-312, December.
[Downloadable!] (restricted)
Other versions: Menzie David Chinn, 1997.
"Sectoral Productivity, Government Spending and Real Exchange Rates: Empirical Evidence for OECD Countries ,"
NBER Working Papers
6017, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Maddala, G S & Wu, Shaowen, 1999.
" A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test ,"
Oxford Bulletin of Economics and Statistics ,
Department of Economics, University of Oxford, vol. 61(0), pages 631-52, Special I.
[Downloadable!] (restricted)
Matthew B. Canzoneri & Robert E. Cumby & Behzad Diba, 1996.
"Relative Labor Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries ,"
NBER Working Papers
5676, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Canzoneri, Matthew B & Cumby, Robert & Diba, Behzad, 1996.
"Relative Labour Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries ,"
CEPR Discussion Papers
1464, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Canzoneri, Matthew B. & Cumby, Robert E. & Diba, Behzad, 1999.
"Relative labor productivity and the real exchange rate in the long run: evidence for a panel of OECD countries ,"
Journal of International Economics ,
Elsevier, vol. 47(2), pages 245-266, April.
[Downloadable!] (restricted) Patrick K. Asea, 1994.
"The Balassa-Samuelson Model: An Overview ,"
UCLA Economics Working Papers
710, UCLA Department of Economics.
[Downloadable!]
Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003.
"Testing for unit roots in heterogeneous panels ,"
Journal of Econometrics ,
Elsevier, vol. 115(1), pages 53-74, July.
[Downloadable!] (restricted)
Other versions: Papell, David H. & Theodoridis, Hristos, 1998.
"Increasing evidence of purchasing power parity over the current float ,"
Journal of International Money and Finance ,
Elsevier, vol. 17(1), pages 41-50, February.
[Downloadable!] (restricted)
Matthew Higgins & Egon Zakrajsek, 1999.
"Purchasing power parity: three stakes through the heart of the unit root null ,"
Staff Reports
80, Federal Reserve Bank of New York.
[Downloadable!]
Full
references
Access and
download statistics Did you know? Want to help out with this project? Look for volunteer opportunities .
This page was last updated on 2009-11-27.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .