The experience of some OECD economies on tax smoothing

References

• Abel , AB . 2005 . Optimal taxation when consumers have endogenous benchmark level of consumption . Review of Economic Studies , 72 : 21 – 42 .
   Web of Science ®Google Scholar
• Adler , J . 2006 . The tax smoothing hypothesis: evidence from Sweden, 1952–1999 . Scandinavian Journal of Economics , 108 : 81 – 95 .
   Web of Science ®Google Scholar
• Afonso , A . 2005 . Fiscal sustainability: the unpleasant European case . FinanzArchiv , 61 : 19 – 44 .
   Web of Science ®Google Scholar
• Albanesi , S and Sleet , S . 2006 . Dynamic optimal taxation with private information . Review of Economic Studies , 73 : 1 – 30 .
   Web of Science ®Google Scholar
• Barro , R . 1979 . On the determination of public debt . Journal of Political Economy , 87 : 940 – 71 .
   Web of Science ®Google Scholar
• Barro , R . (Ed.) (1990) On the predictability of tax rate changes, in Macroeconomic Policy, Chap. 11, Harvard University Press, Cambridge, MA, pp. 286–97 (Also NBER Working Paper No. 0636 in 1981)
   Google Scholar
• Beveridge , S and Nelson , C . 1981 . A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the business cycle . Journal of Monetary Economics , 7 : 151 – 74 .
   Web of Science ®Google Scholar
• Bohn , H . 1990 . Tax smoothing with financial instruments . American Economic Review , 80 : 1217 – 30 .
   Web of Science ®Google Scholar
• Cashin , P , Haque , NU and Olekalns , N . 2002 . Tax smoothing, tax tilting and fiscal sustainability in Pakistan . Economic Modelling , 20 : 47 – 67 .
   Web of Science ®Google Scholar
• Chari , VV and Kehoe , PV . 1999 . “ Optimal fiscal and monetary policy ” . In Handbook of Macroeconomics , Edited by: Taylor , JB and Woodfords , M . 1671 – 745 . Amsterdam : Elsevier . (Also NBER Working Paper No. 6891)
   Google Scholar
• Davis , N and Fabling , R . 2002 . Population ageing and the efficiency of fiscal policy in New Zealand Treasury Working Paper Series 02/11, New Zealand Treasury
   Google Scholar
• Fleurbaey , M and Maniquet , F . 2006 . Fair income tax . Review of Economic Studies , 73 : 55 – 83 .
   Web of Science ®Google Scholar
• Ghosh , AR . 1995 . Intertemporal tax smoothing and government budget surplus: Canada and the United States . Journal of Money, Credit and Banking , 27 : 1031 – 45 .
   Google Scholar
• Golosov , M , Kocherlakota , N and Tsyvinski , A . 2003 . Optimal indirect and capital taxation . Review of Economic Studies , 70 : 569 – 87 .
   Web of Science ®Google Scholar
• Hamilton , JD . 1994 . Time Series Analysis , Princeton , NJ : Princeton University Press .
   Google Scholar
• Huang , CH and Lin , KS . 1993 . Deficits, government expenditures and tax smoothing in the United States: 1929–88 . Journal of Monetary Economics , 31 : 317 – 39 .
   Web of Science ®Google Scholar
• Hungerbühler , M , Lehmann , E , Parmentier , A and Van Der Linden , B . 2006 . Optimal redistributive taxation in a search equilibrium model . Review of Economic Studies , 73 : 743 – 67 .
   Web of Science ®Google Scholar
• Kydland , FE and Prescott , EC . 1977 . Rules rather than discretion: the inconsistency of optimal plans . Journal of Political Economy , 85 : 473 – 93 .
   Web of Science ®Google Scholar
• Kydland , FE and Prescott , EC . 1980 . “ A competitive theory of fluctuations and the feasibility and desirability of stabilization policy ” . In Rational Expectations and Economic Policy , Edited by: Fischer , S . 169 – 98 . Chicago , IL : University of Chicago Press .
   Google Scholar
• Lucas , RE and Stockey , NS . 1983 . Optimal fiscal and monetary policy in a economy without capital . Journal of Monetary Economics , 12 : 55 – 93 .
   Web of Science ®Google Scholar
• Lusinyan , L and Thornton , J . 2009 . The sustainability of South African fiscal policy: a historical perspective . Applied Economics , 41 : 859 – 69 .
   Web of Science ®Google Scholar
• Lusinyan , L and Thronton , J . 2011 . Unit roots, structural breaks and cointegration in the UK public finance, 1750–2004 . Applied Economics , 43 : 2583 – 92 .
   Web of Science ®Google Scholar
• Niepelt , D . 2002 . Tax smoothing versus tax shifting Seminar Paper No. 711, Institute of International Economics, Stockholm
   Google Scholar
• Olekalns , N . 1997 . Australian evidence on tax smoothing and the optimal budget surplus . Economic Record , 73 : 248 – 57 .
   Web of Science ®Google Scholar
• Pasten , R and Cover , JP . 2011 . Does the Chilean government smooth taxes? A tax-smoothing model with revenue collection from a natural resource . Applied Economics Letters , 18 : 421 – 5 .
   Web of Science ®Google Scholar
• Rajaguru , G and Abeysinghe , T . 2008 . Temporal aggregation, cointegration and causal inference . Economics Letters , 101 : 223 – 6 .
   Web of Science ®Google Scholar
• Reitschuler , G . 2010 . Fiscal policy and optimal taxation: evidence from a tax smoothing exercise . Scottish Journal of Political Economy , 57 : 238 – 52 .
   Web of Science ®Google Scholar
• Roubini , N . 1988 . Current account and budget deficits in an intertemporal model of consumption and tax smoothing: a solution to the Feldstein-Horioka puzzle NBER Working Paper No. 2773
   Google Scholar
• Sahasakul , C . 1986 . The US evidence on optimal taxation over time . Journal of Monetary Economics , 18 : 251 – 75 .
   Web of Science ®Google Scholar
• Serletis , A and Schorn , RG . 1999 . International evidence on the tax- and revenue smoothing hypotheses . Oxford Economic Papers , 51 : 387 – 96 .
   Web of Science ®Google Scholar
• Shin , Y . 1994 . A residual-based test of the null of cointegration against the alternative of no cointegration . Econometric Theory , 10 : 91 – 115 .
   Web of Science ®Google Scholar
• Sims , C , Stock , J and Watson , M . 1990 . Inference in linear time series with some unit roots . Econometrica , 55 : 1035 – 56 .
   Google Scholar
• Strazicich , M . 2002 . International evidence of tax smoothing in a panel of industrial countries . Applied Economics , 34 : 2325 – 31 .
   Web of Science ®Google Scholar
• Watson , M . 1986 . Univariate detrending methods with stochastic trends . Journal of Monetary Economics , 18 : 49 – 75 .
   Web of Science ®Google Scholar