Francesco Menoncin
Biographic Data
| ID | 5929422 |
|---|---|
| NAME | Francesco Menoncin |
| GIVEN NAMES | Francesco |
| FAMILY NAME | Menoncin |
| SIGNATURE | MENONCIN F |
| AFFILIATIONS | University of Brescia |
| ORCID | 0000-0002-1227-0871 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2005 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 0 |
Tax evasion and debt in a dynamic general equilibrium model
The literature has long analysed optimal taxation policies in economies where tax evasion is widespread. Nevertheless, very little has been produced on the relationship between public debt, tax evasion, and long-term economic growth. In this article, we investigate the relationship between sovereign debt sustainability and tax evasion by computing under which conditions the debt/GDP ratio is endogenously mean reverting in the context where tax ev…
The Johansson—Samuelson Theorem in General Equilibrium
The well-known Johansson—Samuelson theorem proves that, in partial equilibrium, comprehensive income taxation with a uniform tax rate does not affect asset values if tax depreciation allowances coincide with economic depreciation. In this article, we show that this result fails to hold in general equilibrium, unless fairly restrictive conditions are met.
Retrospective Capital Gains Taxation in a Dynamic Stochastic World
We analyze Auerbach's (1991) proposal of a retrospective capital gains tax, which is equivalent to an accrual tax on an ex ante basis. Using a continuous-time model with stochastic interest rates and serially correlated asset returns, we prove that such an equivalence still holds. This means that in a more realistic setting the realization-based system requires no ad hoc adjustment for equivalence to hold.
Optimal Real Exchange Rate Targeting
Cet article contribue à la littérature sur le taux de change réel dans un cadre d’optimisation stochastique où ce taux montre un retour à la moyenne de longue période tout en temporairement reflétant un « effet de liquidité ». Dans un cadre de volatilité variable au cours du temps, nous trouvons deux seuils, respectivement pour la volatilité de longue période et la réaction de la volatilité aux chocs de taux de change réel, au-delà desquels une r…
Is a Monetary Union a Never-Ending Story
Cet article prolonge la littérature existante sur la soutenabilité à long terme d’une union monétaire en considérant qu’il existe un moment où sa rupture devient optimale. Nous supposons que l’inflation est endogène, la croissance de la masse monétaire constituant la variable de contrôle. On montre que l’union est viable à long terme lorsque certains paramètres du modèle satisfont à une condition précise. Par ailleurs, la rupture éventuelle de l’…
No prominent works on this page.
Is a Monetary Union a Never-Ending Story
Cet article prolonge la littérature existante sur la soutenabilité à long terme d’une union monétaire en considérant qu’il existe un moment où sa rupture devient optimale. Nous supposons que l’inflation est endogène, la croissance de la masse monétaire constituant la variable de contrôle. On montre que l’union est viable à long terme lorsque certains paramètres du modèle satisfont à une condition précise. Par ailleurs, la rupture éventuelle de l’…
Optimal Real Exchange Rate Targeting
Cet article contribue à la littérature sur le taux de change réel dans un cadre d’optimisation stochastique où ce taux montre un retour à la moyenne de longue période tout en temporairement reflétant un « effet de liquidité ». Dans un cadre de volatilité variable au cours du temps, nous trouvons deux seuils, respectivement pour la volatilité de longue période et la réaction de la volatilité aux chocs de taux de change réel, au-delà desquels une r…
Retrospective Capital Gains Taxation in a Dynamic Stochastic World
We analyze Auerbach's (1991) proposal of a retrospective capital gains tax, which is equivalent to an accrual tax on an ex ante basis. Using a continuous-time model with stochastic interest rates and serially correlated asset returns, we prove that such an equivalence still holds. This means that in a more realistic setting the realization-based system requires no ad hoc adjustment for equivalence to hold.
The Johansson—Samuelson Theorem in General Equilibrium
The well-known Johansson—Samuelson theorem proves that, in partial equilibrium, comprehensive income taxation with a uniform tax rate does not affect asset values if tax depreciation allowances coincide with economic depreciation. In this article, we show that this result fails to hold in general equilibrium, unless fairly restrictive conditions are met.
Tax evasion and debt in a dynamic general equilibrium model
The literature has long analysed optimal taxation policies in economies where tax evasion is widespread. Nevertheless, very little has been produced on the relationship between public debt, tax evasion, and long-term economic growth. In this article, we investigate the relationship between sovereign debt sustainability and tax evasion by computing under which conditions the debt/GDP ratio is endogenously mean reverting in the context where tax ev…
Economics (3 works) · Fiscal Policy and Economic Growth (3 works) · Monetary economics (3 works) · Economic theories and models (2 works) · Macroeconomics (2 works) · Monetary Policy and Economic Impact (2 works) · Capital (architecture) (1 works) · Corporate Taxation and Avoidance (1 works) · Debt (1 works) · Debt-to-GDP ratio (1 works)