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Webinar : Should Quebec raise consumption taxes ?

Thursday 17 Mar 2022
From 12PM To 1PM


Markus Poschke, Associate Professor at McGill University, CIRANO researcher and Fellow presented the highlights of the CIRANO report «Should Quebec raise consumption taxes?» on March 17, 2022. Report co-authored with David Leung, Assistant Professor at National Taiwan University. Dalibor Stevanonic, Associate Professor at the Université du Québec à Montréal (ESG UQAM), Fellow and main researcher of the Economic and Fiscal Policies theme moderated the presentation.

The researchers studied the effects of four tax reforms using a life-cycle model with overlapping generations and heterogeneous agents in the presence of idiosyncratic risk to labor and capital income under a complex tax system. The model adequately replicates the joint empirical distributions of income, wealth and tax payments. In an economy with a highly progressive personal income tax, a revenue-neutral shift from taxes to consumption taxes increases savings and output. This policy particularly benefits those with low levels of wealth relative to their income. Several reforms increase aggregate income, despite small increases in inequality.


Markus Poschke

A CIRANO Researcher and Fellow since 2008, Markus Poschke is Associate Professor in the Department of Economics at McGill University.

Holding a Ph.D. in Economics from the European University Institute, his research interests are in macroeconomics broadly, in particular inequality, taxation, growth theory, firm dynamics, entrepreneurship, structural change, and the macroeconomics of labour markets.

He received the Bank of Canada's Governor's Award in 2018. Institut universitaire européen

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Dalibor Stevanovic

A CIRANO Researcher and Fellow since 2011, responsible of the CIRANO Pole on Modeling and Main Researcher of the theme Economic and Fiscal Policy, Dalibor Stevanovic is Associate Professor in the Department of Economics at the École des sciences de la gestion of the Université du Québec à Montréal and co-holder of the Chair in Macroeconomics and Forecasting at ESG-UQAM.

Holding a Ph.D. in Economics from Université de Montréal, his research interests are time series econometrics, automatic learning and massive data, with applications in macroeconomics and finance.

After a bachelor's and master's degree in economics from Université Laval in Quebec City, Dalibor Stevanovic obtained his doctorate under the supervision of Jean-Marie Dufour and Jean Boivin. He then did a postdoctoral fellowship as part of the Max Weber programme at the European University Institute in Florence.

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