Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/228522
Authors: 
Vasilev, Aleksandar
Year of Publication: 
2020
Citation: 
[Journal:] National Accounting Review [ISSN:] 2689-3010 [Volume:] 2 [Issue:] 4 [Pages:] 402-411
Abstract: 
Progressive capital taxation is introduced into a real-business-cycle (RBC) model with fiscal policy. The artificial economy is calibrated to Bulgarian data for the period 1999-2018. The quantitative role of progressive taxation on capital income is investigated for the stabilization of cyclical fluctuations in Bulgaria. Unfortunately, the quantitative effect of the presence of such a tax turned out to be very small, and thus not important for either business cycle stabilization, or public finance issues.
Subjects: 
business cycles
progressive capital income taxation
Bulgaria
JEL: 
E32
E24
Published Version’s DOI: 
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)

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