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  • 1 Catholic University Eichstätt-Ingolstadt School of Management Eichstätt-Ingolstadt Germany
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This paper examines the effects of company income taxation. Therefore, a tax system is implemented in a dynamic, stochastic macroeconomic model with endogenous financial structure. In addition to the long-term level effects that are in line with the deterministic public economics literature, cyclical effects are identified. Besides insurance incidences, company income taxation implies amplifying effects. Depending on the model’s frictions, the latter can dominate and lead to more volatile business cycles.

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Editor-in-chief: Balázs SZENT-IVÁNYI

Co-Editors:

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  • István KÓNYA (Corvinus University, Budapest)
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2020  
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2019  
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Society and Economy
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