Verfügbarkeit: Taxes and the Price Level

Taxes and the Price Level: A Further Examination of the PPP Hypothesis

The effects of taxation on the general price level have traditionally been regarded as reflecting monetary policy, rather than fiscal factors. This view abstracted from the possible endogeneity of monetary expansion with respect to tax hikes, and from the effects which taxation may have on the reser...

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1. Verfasser:	Kleiman, Ephraim (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1993
Schriftenreihe:	IMF Working Papers Working Paper No. 93/5
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	The effects of taxation on the general price level have traditionally been regarded as reflecting monetary policy, rather than fiscal factors. This view abstracted from the possible endogeneity of monetary expansion with respect to tax hikes, and from the effects which taxation may have on the reserve price of entrepreneurial labor. An analysis of Purchasing Power Parity data for 51 countries from stage IV of the ICP project supports the hypothesis that domestic indirect taxes tend to raise the general price level. In contrast to the accepted view, other prices do not seem to decline to offset the effect of such taxes on the price of tradables. The paper also presents some new evidence on the other factors which cause national price levels to diverge from PPP
Beschreibung:	1 Online-Ressource (50 p)
ISBN:	1451842104 9781451842104

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spelling	Kleiman, Ephraim Verfasser aut Taxes and the Price Level A Further Examination of the PPP Hypothesis Kleiman, Ephraim Washington, D.C International Monetary Fund 1993 1 Online-Ressource (50 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 93/5 The effects of taxation on the general price level have traditionally been regarded as reflecting monetary policy, rather than fiscal factors. This view abstracted from the possible endogeneity of monetary expansion with respect to tax hikes, and from the effects which taxation may have on the reserve price of entrepreneurial labor. An analysis of Purchasing Power Parity data for 51 countries from stage IV of the ICP project supports the hypothesis that domestic indirect taxes tend to raise the general price level. In contrast to the accepted view, other prices do not seem to decline to offset the effect of such taxes on the price of tradables. The paper also presents some new evidence on the other factors which cause national price levels to diverge from PPP Online-Ausg http://elibrary.imf.org/view/IMF001/06741-9781451842104/06741-9781451842104/06741-9781451842104.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Kleiman, Ephraim Taxes and the Price Level A Further Examination of the PPP Hypothesis
title	Taxes and the Price Level A Further Examination of the PPP Hypothesis
title_auth	Taxes and the Price Level A Further Examination of the PPP Hypothesis
title_exact_search	Taxes and the Price Level A Further Examination of the PPP Hypothesis
title_exact_search_txtP	Taxes and the Price Level A Further Examination of the PPP Hypothesis
title_full	Taxes and the Price Level A Further Examination of the PPP Hypothesis Kleiman, Ephraim
title_fullStr	Taxes and the Price Level A Further Examination of the PPP Hypothesis Kleiman, Ephraim
title_full_unstemmed	Taxes and the Price Level A Further Examination of the PPP Hypothesis Kleiman, Ephraim
title_short	Taxes and the Price Level
title_sort	taxes and the price level a further examination of the ppp hypothesis
title_sub	A Further Examination of the PPP Hypothesis
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