Skip to main content
Article thumbnail
Location of Repository

Economist Research and Market Analysis Group

By Andrew F. Haughwout, Federal Reserve and Bank New York


The efficiency of land taxation has long been a subject of interest among urban economists and scholars of local public finance. This paper first develops a computable general equilibrium model of the New York City economy, calibrated to the fiscal and economic environment in which the city operates. We then provide simulations of the effects of replacing part or all of the City's current tax system with a land tax. Since some of the key underlying parameters are unknown, the paper describes the research that is needed for a thorough evaluation of such a policy change. We describe the results given the assumptions we have adopted, and conclude with a discussion of the benefits of moving to land taxation in New York, including a discussion of the political economy of local taxation

Year: 2011
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.