Tax policy and consumer spending
Read Online

Tax policy and consumer spending evidence from Japanese fiscal experiments by Katsunori Watanabe

  • 443 Want to read
  • ·
  • 5 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English


  • Consumption (Economics) -- Japan -- Econometric models.,
  • Taxation -- Japan -- Econometric models.,
  • Consumer behavior -- Japan -- Econometric models.,
  • Fiscal policy -- Japan -- Econometric models.

Book details:

Edition Notes

StatementKatsunori Watanabe, Takayuki Watanabe, Tsutomu Watanabe.
SeriesNBER working paper series -- working paper 7252, Working paper series (National Bureau of Economic Research) -- working paper no. 7252.
ContributionsWatanabe, Takayuki., Watanabe, T. 1930-, National Bureau of Economic Research.
LC ClassificationsHB1 .W654 no. 7252
The Physical Object
Pagination40, [10] p. ;
Number of Pages40
ID Numbers
Open LibraryOL22394896M

Download Tax policy and consumer spending


Journals & Books; Help Download PDF Download. Share. Export. Advanced. Journal of International Economics. Vol Issue 2, April , Pages Tax policy and consumer spending: evidence from Japanese fiscal experiments. Author links open overlay panel Katsunori Watanabe a Takayuki Watanabe b Tsutomu Watanabe c. Show more. https://doi Cited by: Tax policy and consumer spending. Cambridge, MA: National Bureau of Economic Research, © (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Katsunori Watanabe; Takayuki Watanabe; T Watanabe; National Bureau of Economic Research. Get this from a library! Tax Policy and Consumer Spending: Evidence from Japanese Fiscal Experiments. [Katsunori Watanabe; Takayuki Watanabe; Tsutomu Watanabe] -- This paper studies the extent to which the impact of tax policy on consumer spending differs between temporary and permanent, as well as anticipated and unanticipated tax changes. To discriminate.   The focus of the paper is on the effectiveness of tax policy. First, we are interested in the difference between temporary and permanent tax reductions in their effects on consumer spending. According to the permanent income hypothesis (PIH), the impact of a temporary tax cut on permanent income, and therefore on consumer spending, is limited.

The Office of Tax Policy develops and implements tax policies and programs, reviews regulations and rulings to administer the Internal Revenue Code, negotiates tax treaties, provides economic and legal policy analysis for domestic and international tax policy decisions, and provides estimates for the President's budget, fiscal policy decisions, and cash management decisions.   Consumer spending is the single most important driving force of the U.S. economy. Keynesian economic theory says that the government should stimulate spending to end a recession. On the other hand, supply-side economists believe the government should cut business taxes to create jobs. Designing Tax and expenditure limits. Spending versus revenue limits. States can limit their own revenues, appropriations, or both. Some states also limit the growth of local revenues, for example, restricting the growth of local property taxes. Appropriations and spending limits are .   The objective of excise taxation is to place the burden of paying the tax on the consumer. A good example of this use of excise taxes is the gasoline excise tax. Governments use the revenue from this tax to build and maintain highways, bridges, and mass transit systems.

Question: Fiscal Policy Uses Government Spending And Tax Policies To Influence Macroeconomic Conditions, Including Aggregate Demand, Employment, And Inflation, It Is The Use Of Government Spending And Taxation To Influence The Economy. I Don’t Know Exactly How I Feel About Tax Reductions For Large Corporations And The Very Rich, If It’s How I Think, I Believe.   Traditionally, economists have argued that higher spending today means taxes will have to go up to pay for it. This outcome can be put off, for a time, by borrowing money from investors.   According to the Times, Sunak is considering two types of online retail tax: a levy of about 2% on all goods bought online, raising £2bn a year; and a tax on consumer . Second, consumers will wait to increase spending until a tax change affects their take-home pay. The near-term effect of tax cuts on the economy has gen-erated considerable interest among policymakers and economists this year. Much of the discussion has cen-tered on the question whether tax cuts are an effective spur to consumer spending.