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risk of inflation faced by the US economy. …
Persistent link: https://www.econbiz.de/10010822925
calibrated to the U.S. economy. We find that fiscal volatility shocks have an adverse effect on economic activity that is …
Persistent link: https://www.econbiz.de/10009188958
, Taiwan, Thailand, and Vietnam. The daily data span from 1995 to 2004. It finds strong regional foreign exchange dependency …
Persistent link: https://www.econbiz.de/10005126681
The recent public debt crisis in most developed economies implies an urgent need for increasing tax revenues or cutting government spending. In this paper we study the importance of household heterogeneity and the progressivity of the labor income tax schedule for the ability of the government...
Persistent link: https://www.econbiz.de/10010822922
also show that, relative to a representative agent economy tax revenues are less sensitive to the progressivity of the tax … code in our economy. This finding is due to the fact that labor supply of two earner households is less elastic (along the …
Persistent link: https://www.econbiz.de/10011071751