Integrating microsimulation models of tax policy into a DGE macroeconomic model Jason DeBacker, Richard W. Evans and Kerk L. Phillips
By: DeBacker, Jason
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Contributor(s): Evans, Richard W | Phillips, Kerk L.
Material type: 
ArticlePublisher: 2019Subject(s): TIPOS DE GRAVAMEN | POLITICA FISCAL | MODELOS DE SIMULACIÓNOnline resources: Click here to access online
In:
Public Finance Review v. 47, n. 2, March 2019, p. 207-275Summary: This article proposes a method for integrating individual effective tax rates and marginal tax rates computed from a microsimulation (partial equilibrium) model of tax policy with a dynamic general equilibrium model of tax policy that can provide macroeconomic analysis or dynamic scores of tax reforms. Our approach captures the rich heterogeneity, realistic demographics, and tax-code detail of the microsimulation model and allows this detail to inform a general equilibrium model with a relatively high degree of heterogeneity. In addition, we propose a functional form in which tax rates depend jointly on
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| Artículos | IEF | IEF | OP 581/2019/2-1 (Browse shelf) | https://journals.sagepub.com/doi/pdf/10.1177/1091142118816744 | Available | OP 581/2019/2-1 |
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Resumen.
This article proposes a method for integrating individual effective tax rates and marginal tax rates computed from a microsimulation (partial equilibrium) model of tax policy with a dynamic general equilibrium model of tax policy that can provide macroeconomic analysis or dynamic scores of tax reforms. Our approach captures the rich heterogeneity, realistic demographics, and tax-code detail of the microsimulation model and allows this detail to inform a general equilibrium model with a relatively high degree of heterogeneity. In addition, we propose a functional form in which tax rates depend jointly on
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