The purpose of this paper is to assess the long-term macroeconomic effects of introducing the flat personal income tax at the level of 18% in Poland. We perform the simulation on a static CGE (computable general equilibrium) model which helps track the reaction of the economy on the impulse...

This paper examines the decision function of the People’s Bank of China concerning setting of the renminbi exchange rate against the U.S. dollar. We use an ordinal dependent variable model to check whether main macroeconomic variables and repeated complaints from U.S. institutions and...