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An Empirical Study of Tax Policies After Crises

Author

Listed:
  • Clemens Fuest
  • Klaus Gründler
  • Niklas Potrafke
  • Fabian Ruthardt

Abstract

The results show that governments increased taxes after national crises. The effect is particularly large for financial crisis and natural disasters, manifests mostly during the first post-crisis year and mainly affects corporate and personal income taxes and the VAT. The increase in tax rates after crises has been accompanied by lower overall economic growth in the aftermath of crises. This was particularly true after financial crises.

Suggested Citation

  • Clemens Fuest & Klaus Gründler & Niklas Potrafke & Fabian Ruthardt, 2021. "An Empirical Study of Tax Policies After Crises," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 128, July.
    • Handle: RePEc:ces:ifofob:128
    as

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    File URL: https://www.ifo.de/DocDL/ifo_Forschungsberichte_128_Steuern-nach-Krisen.pdf
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    References listed on IDEAS

    as
    1. Enrico Rubolino & Daniel Waldenström, 2020. "Tax progressivity and top incomes evidence from tax reforms," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 18(3), pages 261-289, September.
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    3. Frederick Solt, 2020. "Measuring Income Inequality Across Countries and Over Time: The Standardized World Income Inequality Database," Social Science Quarterly, Southwestern Social Science Association, vol. 101(3), pages 1183-1199, May.
    4. Frederick Solt, 2009. "Standardizing the World Income Inequality Database," Social Science Quarterly, Southwestern Social Science Association, vol. 90(2), pages 231-242, June.
    5. Christina D. Romer & David H. Romer, 2010. "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks," American Economic Review, American Economic Association, vol. 100(3), pages 763-801, June.
    6. Frederick Solt, 2009. "Standardizing the World Income Inequality Database," LIS Working papers 496, LIS Cross-National Data Center in Luxembourg.
    Full references (including those not matched with items on IDEAS)

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