Benjamin Carton

Corporate Tax Reform: From Income to Cash Flow Taxes

This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax ...

Europe’s Shift to EVs Amid Intensifying Global Competition

European countries have set ambitious goals to reduce their carbon emissions. These goals include a transition to electric vehicles (EVs)—a sector t...

Identical Twins? Destination-Based Cash-Flow Taxes Versus Consumption Taxes with Payroll Subsidies

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of t...

No Business Taxation Without Model Representation

Adding Corporate Income and Cash Flow Taxes to GIMF

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for...

Getting to Know GMMET: The Global Macroeconomic Model for the Energy Transition

This paper presents GMMET, the Global Macroeconomic Model for the Energy Transition, and provides documentation of the model structure, data sources a...

A New Smartphone for Every Fifth Person on Earth: Quantifying the New Tech Cycle

The enormous global demand for smartphones in recent years has created a new global tech cycle. In 2016 alone, global smartphone sales reached close t...

Assessing Dutch Fiscal and Debt Sustainability

Although the Netherlands entered the so-called Great Lockdown with a strong fiscal position, the Dutch fiscal balance is projected to deteriorate by a...