Tax Policy, Leverage and Macroeconomic Stability

Nopic
Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions. ‘Debt bias’ (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and corporate sectors, and is now widely recognized as a significant macroeconomic concern. This... READ MORE...

Publication date: December 2016
ISBN 9781498345200
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