Ben Lockwood, CES guest in April 2014
The Political Economy of Fiscal Federalism
In past decades, OECD countries have introduced significant reforms to corporation taxes. To what extent were these reforms motivated by measures in other countries? This was the subject of a widely read paper by Michael Devereux, Ben Lockwood and Michela Redoano entitled, “Do Countries Compete over Corporate Tax Rates?” They have found strong evidence that they indeed respond to changes in other countries’ taxes. In a theoretical model, they investigated two possible forms of tax competition: over statutory tax rates for mobile profit and over effective marginal tax rates for capital.
In a series of CES Lectures in April, Ben Lockwood and Michela Redoano, both of the University of Warwick, will present their findings on “The Political Economy of Fiscal Federalism”.
Ben Lockwood is a fellow in the CESifo Research Network. Last year he published an article in CESifo DICE Report on “Incentive Schemes for Local Government”. In 2007, together with Marko Köthenbürger, he co-authored the paper: “Does Tax Competition Really Promote Growth?” In a recent CESifo Working Paper he examined the question: “How Should Financial Intermediation Services be Taxed?”
Ben Lockwood is Professor of Economics at the University of Warwick. He is also a Programme Director at the Oxford University Centre for Business Taxation at Saïd Business School. He serves on the editorial boards of The Economic Journal, International Tax and Public Finance and the Journal of Macroeconomics. Mr Lockwood has acted as a consultant on tax policy for the IMF and PwC. He is on the Board of Management of the International Institute of Public Finance.