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題名 Evaluation of Interest Tax Policies in a Model of Finance and Growth
作者 陳明郎;江永裕;王平
Chen, Been-Lon ;
     Chiang, Yeong-Yuh ;
     Wang, Ping
關鍵詞 Interest tax policy;
     Credit markets;
     Endogenous growth
日期 2005-09
上傳時間 14-Nov-2008 12:31:53 (UTC+8)
摘要 We develop an overlapping generations model with an active financial sector to differentiate loan from deposit rates and to allow for endogenous credit rationing. We evaluate the macroeconomic consequences of two interest tax policies, an increase in interest tax exemption and a reduction in the interest income tax rate, with and without credit market imperfections. While these policies have different effects in unconstrained equilibrium, they are identical in credit-constrained equilibrium. While these policies may encourage growth with credit rationing when the speed of human capital accumulation is sensitive to education, no such conclusion can be reached in unconstrained equilibrium.
關聯 Journal of Macroeconomics, 27(3), 533-552
資料類型 article
DOI http://dx.doi.org/10.1016/j.jmacro.2004.02.010
dc.creator (作者) 陳明郎;江永裕;王平zh_TW
dc.creator (作者) Chen, Been-Lon ;
     Chiang, Yeong-Yuh ;
     Wang, Ping
-
dc.date (日期) 2005-09en_US
dc.date.accessioned 14-Nov-2008 12:31:53 (UTC+8)-
dc.date.available 14-Nov-2008 12:31:53 (UTC+8)-
dc.date.issued (上傳時間) 14-Nov-2008 12:31:53 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/7478-
dc.description.abstract (摘要) We develop an overlapping generations model with an active financial sector to differentiate loan from deposit rates and to allow for endogenous credit rationing. We evaluate the macroeconomic consequences of two interest tax policies, an increase in interest tax exemption and a reduction in the interest income tax rate, with and without credit market imperfections. While these policies have different effects in unconstrained equilibrium, they are identical in credit-constrained equilibrium. While these policies may encourage growth with credit rationing when the speed of human capital accumulation is sensitive to education, no such conclusion can be reached in unconstrained equilibrium.-
dc.format application/en_US
dc.language enen_US
dc.language en-USen_US
dc.language.iso en_US-
dc.relation (關聯) Journal of Macroeconomics, 27(3), 533-552en_US
dc.subject (關鍵詞) Interest tax policy;
     Credit markets;
     Endogenous growth
-
dc.title (題名) Evaluation of Interest Tax Policies in a Model of Finance and Growthen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1016/j.jmacro.2004.02.010en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1016/j.jmacro.2004.02.010en_US