Parameter | Value |
---|---|
0.009 | |
0.82 | |
0.349 | |
1 | |
0.060 | |
2 | |
2.420 | |
0.545 | |
0.969 | |
0.5 |
Variable | Model-produced value | Data value |
---|---|---|
0.536 | 0.539 | |
0.181 | 0.182 | |
0.051 | 0.015 Average yield on 5-year government bond 2009–2014. |
Parameter | Baseline | Modified | Laffer Peak | ||
---|---|---|---|---|---|
value | value | ||||
Baseline | 35% | 60% | 0% | ||
Behavioral parameters | |||||
2 | 0.5 | +4% | +11% | 0% | |
0.969 | 0.95 | 0% | –5% | 0% | |
0.82 | 0.1 | +5% | +12% | +2% | |
0.5 | 0.4 | +1% | +33% | 0% | |
Firm level parameters | |||||
0.009 | 0.02 | –2% | –8% | 0% | |
0.06 | 0.09 | 0% | –8% | 0% | |
The government | |||||
0.243 | 0.3 | 0% | –9% | 0% | |
0.493 | 0.8 | 0% | 0% | 0% |
Variable | Value |
---|---|
0.243 | |
0.04 | |
0.239 | |
0.448 | |
0.307 | |
0.509 |