The output effects of tax changes: narrative evidence from Spain

The output effects of tax changes: narrative evidence from Spain

Abstract This paper estimates the GDP impact of legislated tax changes in Spain using a newly constructed narrative record for the period 1986–2015. Our baseline estimates suggest that a 1% of GDP increase in exogenous taxes depresses output by around 1.3% after 1 year, this negative effect fading a...

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Bibliographic Details
Main Authors: Paula Gil, Francisco Martí, Richard Morris, Javier J. Pérez, Roberto Ramos
Format: Article
Language:English
Published: SpringerOpen 2018-01-01
Series:SERIEs: Journal of the Spanish Economic Association
Subjects:
Tax shocks
Narrative record
Fiscal policy
GDP growth
Online Access:http://link.springer.com/article/10.1007/s13209-018-0173-5

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http://link.springer.com/article/10.1007/s13209-018-0173-5

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