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The Macroeconomic Implications of Fiscal Policy with Tax Evasion

Busato, Francesco; Chiarini, Bruno; Rey, Guido M. - School of Economics and Management, University of Aarhus - 2005

after restrictive (expansionary) tax shocks. (ii) Tax evasion and underground economy can be seen as an economic mechanism …

Persistent link: https://www.econbiz.de/10010851133

Fiscal Policy under Indeterminacy and Tax Evasion

Busato, Francesco; Chiarini, Bruno; Marchetti, Enrico - School of Economics and Management, University of Aarhus - 2005

economy into an expansionary pattern. These effects are reversed when the steady state is saddle-path stable. …

Persistent link: https://www.econbiz.de/10010851136

Indeterminacy, Underground Activities and Tax Evasion

Busato, Francesco; Charini, Bruno; Marchetti, Enrico - School of Economics and Management, University of Aarhus - 2004

This paper introduces underground activities and tax evasion into a one sector dynamic general equilibrium model with external effects. The model presents a novel mechanism driving the self-fulfilling prophecies, which is triggered by the reallocation of resources to the underground sector to...

Persistent link: https://www.econbiz.de/10005209089

Steady state Laffer curve with the underground economy

Busato, Francesco; Chiarini, Bruno - Dipartimento di Studi Economici "Salvatore Vinci", … - 2009

be better than announcing to punish them if convicted, and that an economy without problems of compliance is much more …

Persistent link: https://www.econbiz.de/10008506775

Steady state Laffer curve with the underground economy

Busato, Francesco; Chiarini, Bruno - Dipartimento del Tesoro, Ministero dell'Economia e … - 2012

be better than announcing to punish them if convicted, and that an economy without problems of compliance is much more …

Persistent link: https://www.econbiz.de/10010561148