In studying the asymptotic and finite sample properties of quasi-maximum likelihood (QML) estimators for the spatial linear regression models, much attention has been paid to the spatial lag dependence (SLD) model; little has been given to its companion, the spatial error dependence (SED) model....

Die Bundesregierung hat in ihrem Ersten Steuerprogressionsbericht zu Jahresbeginn die Effekte der ungerechten kalten Progression kleingerechnet. Das DSi schlägt vor, dass der Arbeitskreis "Steuerschätzungen" eine unabhängige Abschätzung der Effekte der kalten Progression vornimmt. Unter...

Solid budgets serve as important quality signals for the electorate. Politicians might therefore face an incentive to influence tax revenue forecasts, which are widely regarded as a key element for budget setups. Looking at the time period from 1996 to 2012, in this study we systematically...

In studying the asymptotic and finite sample properties of quasi-maximum likelihood (QML) estimators for the spatial linear regression models, much attention has been paid to the spatial lag dependence (SLD) model; little has been given to its companion, the spatial error dependence (SED) model....

Moment-based estimation often yields instable estimates, such as the RRA (relative risk aversion) estimate in consumption-based asset pricing. This paper establishes novel theoretical results for the ESP (empirical saddlepoint) approximation, and then use them to investigate this instability. We...

Целью статьи является разработка методического подхода к оценке уровня финансовой устойчивости банковской системы, позволяющего выявить тенденции роста...

Tax expenditure estimates are viewed with skepticism even within the fraught business of forecasting the revenue effects of policies. As the Joint Committee on Taxation emphasizes, Unlike revenue estimates, tax expenditure estimates do not incorporate any behavioral response of taxpayers or...

On May 12, 2009, the Federal Reserve Bank of Chicago, the National Association of State Budget Officers, and the National Tax Association co-sponsored a conference to examine key issues facing state and local governments, with a focus on factors that may affect their current and future revenues.