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, the effect of tariffs on evasion, and relate this elasticity to factors related to customs enforcement or the quality of … the 1990s. We exploit the variation in tariff rates across time and products to identify the evasion elasticity, namely … customs institutions. We find a positive and robust effect of tariffs on import tax evasion. We then show that the evasion …
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optimally deployed, it is shown, then the usual prescription that a small economy should not deploy tariffs remains valid even …
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This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the output gap, and the real money gap. Using heterogeneous panel cointegration estimation techniques, we estimate cointegrating vectors for the production function and the real...
Persistent link: https://www.econbiz.de/10005263752
A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides the same insurance coverage as the reserves. This quantitative framework is...
Persistent link: https://www.econbiz.de/10005264030
trade. Prices of final consumption goods are sticky in the consumer's currency. Pursuing an inward-looking policy, as … price indices is dominated by rules that allow for some fluctuations in prices such as nominal income or monetary targeting. …
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debit card network and is jointly owned by the banks. In setting its prices, it needs to consider getting both consumers and …
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