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, zero interest rate policy and negative interest rate policy) and Japanese tax policy on income inequality in this country … significantly increases the income inequality. On the contrary, Japanese tax policy was effective in reducing the income inequality … the other hand, the total tax and real gross domestic product contributed in reducing the inequality measure, respectively …
Persistent link: https://www.econbiz.de/10011944221
of Japanese tax policy on income inequality through the development of a vector error correction model for the period Q1 … 2002-Q4 2016 by including the five variables of income inequality, money stock, government income tax, the stock price … and resulted in a widening of the income gaps between different income groups. On the other hand, tax policy mitigated …
Persistent link: https://www.econbiz.de/10011944275
The current account surplus of the People's Republic of China (PRC) has drawn much foreign and domestic attention. This paper focuses on the reasons and remedies for the PRC's current account surpluses. Rather than deploying the standard explanations, we argue that asymmetric market...
Persistent link: https://www.econbiz.de/10010286201
is necessary if they choose public transportation. Furthermore a tax-deductible flat-rate per kilometer is required if …
Persistent link: https://www.econbiz.de/10010291107
"Abenomics" refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan for a second time when his party, the Liberal Democratic Party, won an overwhelming majority at the general election in December 2012. Abenomics has "three arrows": (i)...
Persistent link: https://www.econbiz.de/10011310989
Japan has suffered from sluggish economic growth and recession since the 1990s, a phenomenon dubbed "Japan's Lost Decade." The People's Republic of China, many countries in the eurozone, and the United States may face similar problems in future and they have been concerned by Japan's long-term...
Persistent link: https://www.econbiz.de/10011311018
This paper studies the impact of tax-financed universal health coverage schemes on macroeconomic aspects of labor … informal employment and tax avoidance, by constructing a dynamic stochastic general equilibrium model with heterogeneous agents …. Agents have different education levels, employment statuses, and idiosyncratic shocks. Given three tax financing options …
Persistent link: https://www.econbiz.de/10011311028
This paper studies the impact of tax-financed universal health coverage schemes on macroeconomic aspects of labor … informal employment and tax avoidance, by constructing a dynamic stochastic general equilibrium model with heterogeneous agents …. Agents have different education levels, employment statuses, and idiosyncratic shocks. Given three tax financing options …
Persistent link: https://www.econbiz.de/10011688640
government level due to remaining problems of the fiscal administration system of tax allocation and the impact of replacing the … business tax with a value added tax. The PRC taxation system requires readjustment and local governments have begun to focus on …
Persistent link: https://www.econbiz.de/10011688643
This paper studies how an aging population affects economic performance and the effectiveness of fiscal and monetary policies. We develop a New Keynesian dynamic stochastic general equilibrium model with heterogeneous households, workers, and retirees. We demonstrate that an increase in the...
Persistent link: https://www.econbiz.de/10011688714