01929cas a2200277 a 4500 AALejournalIMF022076 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484377451 1018-5941 BD-DhAAL BD-DhAAL Dabla-Norris, Era. Macroeconomic Effects of Tax Rate and Base Changes : Evidence from Fiscal Consolidations / Era Dabla-Norris, Frederico Lima. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (47 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the macroeconomic effects of tax changes during fiscal consolidations. We build a new narrative dataset of tax changes during fiscal consolidation years, containing detailed information on the expected revenue impact, motivation, and announcement and implementation dates of nearly 2,500 tax measures across 10 OECD countries. We analyze the macroeconomic impact of tax changes, distinguishing between tax rate and tax base changes, and further separating between changes in personal income, corporate income, and value added tax. Our results suggest that base broadening during fiscal consolidations leads to smaller output and employment declines compared to rate hikes, even when distinguishing between tax types. Mode of access: Internet Business Fluctuations imf Cycles imf Lima, Frederico. IMF Working Papers; Working Paper ; No. 2018/220 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/220/001.2018.issue-220-en.xml IMF e-Library