Output effects of a measure of tax shocks based on changes in legislation for Portugal
Lara Wemans and
Manuel Pereira
Working Papers from Banco de Portugal, Economics and Research Department
Abstract:
This paper develops a new measure of quarterly discretionary tax shocks for Portugal that result from changes in legislation, following the narrative approach. It covers the years from 1996 to 2012 and was based on a comprehensive analysis of tax policy measures taken in the course of this period. The …ndings point to strongly negative and persistent e¤ects of legislated tax increases on GDP and private consumption, matching the tendency of the narrative approach to yield comparatively high tax multipliers.
JEL-codes: E32 E43 E62 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-mac and nep-pbe
References: Add references at CitEc
Citations: View citations in EconPapers (6)
Downloads: (external link)
https://www.bportugal.pt/sites/default/files/anexos/papers/wp201315_0.pdf
Related works:
Journal Article: Output Effects of a Measure of Tax Shocks Based on Changes in Legislation for Portugal (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ptu:wpaper:w201315
Access Statistics for this paper
More papers in Working Papers from Banco de Portugal, Economics and Research Department Contact information at EDIRC.
Bibliographic data for series maintained by DEE-NTD (estudos@bportugal.pt).