Macroeconomic Effects of Taxes on Banking

José Boscá, Rafael Domenech, Javier Ferri and Juan F Rubio-Ramirez

No 19/05, Working Papers from BBVA Bank, Economic Research Department

Abstract: 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.

Keywords: Working Paper; Global Economy; Banks; Global (search for similar items in EconPapers)
Date: 2019-03
New Economics Papers: this item is included in nep-dge
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Citations: View citations in EconPapers (4)

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Working Paper: Macroeconomic Effects of Taxes on Banking (2019)
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