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Public Economics

Selected Works

Gilbert E. Metcalf

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Full-Text Articles in Social and Behavioral Sciences

A Conceptual Framework For Measuring The Effectiveness Of Green Fiscal Reforms, Gilbert E. Metcalf Dec 2015

A Conceptual Framework For Measuring The Effectiveness Of Green Fiscal Reforms, Gilbert E. Metcalf

Gilbert E. Metcalf

This paper provides a conceptual framework for assessing the effectiveness (strengths and weaknesses) of a green fiscal reform. Economic theory is clear on the process for designing efficient environmental policies: eliminate energy production and consumption subsidies and use a Pigouvian fee to send appropriate signals through the market on the optimal use of different energy sources. Beyond that policy prescription, a number of choices remain: use of revenues, costs of administration, monitoring and oversight and other practical issues.
Policies can be assessed along a number of non‐environmental dimensions including potential for raising revenue, efficiency and distributional implications, broader economic impacts …

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Senate Finance Committee Testimony On Energy Tax Reform, Gilbert E. Metcalf Sep 2014

Senate Finance Committee Testimony On Energy Tax Reform, Gilbert E. Metcalf

Gilbert E. Metcalf

Testimony presented to the full Committee at a hearing held on September 17, 2014.

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Tax Exporting, Federal Deductibility, And State Tax Structure, Gilbert E. Metcalf Dec 1992

Tax Exporting, Federal Deductibility, And State Tax Structure, Gilbert E. Metcalf

Gilbert E. Metcalf

This paper studies the interaction between the federal and state tax systems during the 1980s and, in particular, considers how the Tax Reform Act of 1986 affected state tax structure. Using a panel data set on state governments over a nine-year period, I estimate tax share equations for six categories of taxes. I find that the state personal income tax is sensitive to changes in its tax price, but find a much smaller sensitivity to changes in tax prices for the general sales tax. I then consider various reasons why the sales tax does not exhibit a sensitivity to changes …

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