This paper is an attempt to evaluate the strength of the link between the Tobin tax and the so-called Keynes tax, i.e. a tax on security transactions suggested by Keynes in Chapter 12 of the General Theory. Starting from a literal comparison of the two projects, this work analyses the possibility of a common methodological background. It supports the idea that the two measures share similar fundamental targets, despite displaying technical diversity.Tobin tax, Keynes tax, security transaction taxes

Anna M.Variato

Research Papers in Economics

English

A Currency Transaction Tax, Why and How,

A Proposal for International Monetary Reform,

Are grains of sand in the wheels of international finance sufficient to do the job when boulders are often required?,

Capital account controls and related measures to avert financial crises,

Capital Movements, Tobin tax, and permanent fire prevention,

Capital movements, Tobin tax, and permanent fire prevention: a critical note,

Collected writings, vol. XXV and XXVI,

Destabilizing Speculation and the Case for an International Currency Transaction Tax,

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Efficiency and fragile speculative financial markets: against the Tobin tax and for a credible market maker,

Globalization and its discontents,

How many cheers for the Tobin transaction tax?,

International Finance and problems of capital account governance,

Interview with James Tobin: Reigning in the markets,

Keynes’s casino capitalism, bagehot’s international currency, and the Tobin tax: historical notes on preventing currency fires,

Making a workable Tobin tax: don’t believe in the economic orthodoxy!, Network Institute for Global Democratization,

Price Flexibility and Output Stability: An Old Keynesian View,

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Sand in the wheels of foreign exchange markets: a sceptical note,

Securities Transaction Taxes for U.S.

Securities transactions tax for US financial markets,

Taxing Financial Speculation: Shifting the tax burden from wages to wagers, CEPR DP,

The case for capital controls,

The feasibility of a unilateral speculation tax in the United States, CEPR DP,

The General Theory of Employment, Interest, and Money,

The Post Keynesian critique of conventional currency crisis models and Davidson’s proposal to reform the international monetary system,

The role of Financial markets: efficiency versus liquidity and the financial instability hypothesis,

The Tobin tax, International Economic Trends, Federal Reserve Bank of St. Louis,

The Tobin tax: a good idea whose time has not passed, Policy Options,

The Tobin tax. Coping with financial volatility,

There is analternative, Financial Markets Center, FOMC Alert Nov./Dec.

Two cases for sand in the weels of international finance,

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Volatility and liquidity on FX markets: a microstrucural approach of the Tobin tax,

What Economics can tell us about the Tobin tax,

Would a Tobin tax have saved the EMS?,

The Keynesian Root of the Tobin tax