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We extend the `rational-partisan' model of inflation to allow for the effects of unemployment persistence on the … to the failure of political parties to precommit to price stability, in the light of unemployment persistence. Elections …
Persistent link: https://www.econbiz.de/10005067418
these goals through the underground economy, by evading taxes and union rules in small private enterprises, but it is …
Persistent link: https://www.econbiz.de/10005498095
distribution of illiteracy and infant mortality. Across provinces and within provinces, between rural and urban areas and within …
Persistent link: https://www.econbiz.de/10005792281
employment and unemployment. We use a model that features both frictions and an operative labor supply margin to examine the … robustness of this feature to the inclusion of a empirically reasonable labor supply channel. The response of unemployment to … to taxes. …
Persistent link: https://www.econbiz.de/10005082544
This paper systematically examines the role of fiscal policy, trade and energy taxes on environmental quality in Europe … policies and energy taxes are effective in reducing the concentration of certain pollutants through different mechanisms. We … of ozone, perhaps the most difficult to control pollutant. Finally, energy taxes appear to have an important effect in …
Persistent link: https://www.econbiz.de/10009278172
The high labor supply elasticity in an indivisible-labor model with employment lotteries emerges also without lotteries when individuals must instead choose career lengths. The more elastic are earnings to accumulated working time, the longer is a worker's career. Negative (positive)...
Persistent link: https://www.econbiz.de/10008468641
The paper presents evidence of an upward ratchet in transfers and taxes in the U.S. around World-War II. This finding …
Persistent link: https://www.econbiz.de/10008477176
Disposable income inequality, as measured by the Gini coefficient and using Family Budget Survey data, increased very little, and by a similar amount, from 1989–93 in the Czech Republic and Slovakia. This surprising result is examined with an analysis of changes in the channels of...
Persistent link: https://www.econbiz.de/10005123731
This Paper studies the effects of fiscal policy on GDP, inflation and interest rates in five OECD countries, using a structural Vector Autoregression approach. Its main results can be summarized as follows: 1) The effects of fiscal policy on GDP tend to be small: government spending multipliers...
Persistent link: https://www.econbiz.de/10005124359
government's budget, especially the roles played by taxes and subsidies. This paper reviews the Hungarian fiscal situation in …
Persistent link: https://www.econbiz.de/10005136594