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dc.contributor.authorBuettner, Thiessen
dc.contributor.authorFuest, Clemensen
dc.date.accessioned2009-10-21-
dc.date.accessioned2010-05-14T08:21:59Z-
dc.date.available2010-05-14T08:21:59Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/30547-
dc.description.abstractThis paper analyses the effectiveness of the corporate income tax as an automatic stabilizer. It employs a unique firm-level dataset of German manufacturers combining financial statements with firm-specific information about credit market restrictions. The results show that approximately 20 per cent of all firms report both positive taxable income and capital market restrictions. Taking account of the income tax rates and the size differences of the firms, we find that demand stabilization through the corporate income tax amounts to about 8 per cent of an initial shock to gross revenues. This stabilization effect varies over the business cycle and tends to increase during cyclical downturns.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2798en
dc.subject.jelH25en
dc.subject.jelH32en
dc.subject.jelE63en
dc.subject.ddc330en
dc.subject.keywordcorporate income taxen
dc.subject.keywordstabilizationen
dc.subject.keywordcapital market restrictionsen
dc.subject.keywordloss offseten
dc.subject.keywordfirm-level dataen
dc.subject.stwKörperschaftsteueren
dc.subject.stwEingebauter Stabilisatoren
dc.subject.stwVerarbeitendes Gewerbeen
dc.subject.stwVerlusten
dc.subject.stwSteuerbegünstigungen
dc.subject.stwVerschuldungsrestriktionen
dc.subject.stwDeutschlanden
dc.titleThe role of the corporate income tax as an automatic stabilizer-
dc.typeWorking Paperen
dc.identifier.ppn610759779en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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