European Fiscal Harmonization and the French Economy
AbstractThe 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 90/96.
Date of creation: 01 Oct 1990
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Other versions of this item:
- 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.
- 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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- NEP-ALL-2013-02-16 (All new papers)
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