Year of Graduation
Revenue From Financial Repression: A Cross-Country Comparison
The level of public debt has become critical in many developed and developing countries, traditional measures to increase incomes no longer have sufficient effect. Financial repression has again become a very popular tool, especially after the recent financial crisis, and its measures become tougher. The work evaluates the Laffer curves for income for tax on profit, individual income and savings (tax of financial repression) for 12 developed countries from 1995 to 2016, using a regression model with control variables. Calculated marginal rates of substitution for the three types of taxes have fiscal policy implications.