Published on Friday, March 15, 2019
Document number 19/05
Macroeconomic Effects of Taxes on Banking
Summary
This paper evaluates the macroeconomic effects of taxes on banking in a small open economy in a currency union for three tax alternatives: an additional tax on profits, on deposits, and on loans. We propose a DSGE model with a rich detail of taxes and a banking sector and show that these three taxes are equivalent in their effects on macroeconomic variables.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Macroeconomic Analysis
- Banks
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Documents and files
Authors
JB
José Emilio Boscá
University of Valencia and Fedea - External partner
RD
Rafael Doménech
BBVA Research - Head of Economic Analysis
JF
Javier Ferri
Valencia University and Fedea - External partner
JR
Juan Rubio
Emory University, CEPR and Federal Reserve of Atlanta - External partner