Development of dynamic stochastic general equilibrium model in case of additional taxation on the stock market
Abstract
The necessity of financial transactions tax (FTT) in the last decade has been actively discussed in economic and political circles. The negative experience of FTT application in a few countries makes it impossible to form a clear opinion regarding this measure. This paper studies the impact of FTT on the key financial and macroeconomic indicators on the example of the economy with the EU average macroeconomic indicators using the dynamic stochastic general equilibrium modeling.
Keywords
financial transactions tax, dynamic stochastic general equilibrium model, additional taxation on the stock market, fiscal policy, mathematical modeling
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