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Title:The 2008 financial crisis and taxation policy PDF Logo
Authors:Hemmelgarn, Thomas
Nicodème, Gaëtan J.A.
Issue Date:2010
Series/Report no.:CESifo working paper 2932
Abstract:The 2008 financial crisis is the worst economic crisis since the Great Depression of 1929. It has been characterised by a housing bubble in a context of rapid credit expansion, high risk-taking and exacerbated financial leverage, leading to deleveraging and credit crunch when the bubble burst. This paper discusses the interactions between tax policy and the financial crisis. In particular, it reviews the existing evidence on the links between taxes and many characteristics of the crisis. Finally, it examines some possible future tax options to prevent such crises.
Subjects:financial crisis
tax policy
taxation
fiscal stimulus
financial transaction tax
property tax
JEL:E62
F21
F30
G10
H20
H30
H50
H60
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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