. Therefore, in periods with inflation generous tax depreciation provisions do not adequately promote private investment as … designed, but partly compensate such losses caused by inflation. …

case of prevailing inflation, there is a mismatch between the nominal interest rate that is a discounting factor for all …

inflation indexation into its personal income tax system in order to re-duce distortions of tax liabilities and additional tax … extent to which the previous reform efforts, made in this country since 1958, have led to the change of the real, inflation …, when the 'hidden' distortion caused by inflation prevails. According to the long-term real view adopted in this study, the …

of inflation is integrated into the model. The central issue is that the historical cost accounting method generally … partly compensate such additional tax burdens caused by inflation. …

The East Asian miracle was real. Prior to the 1997 economic and currency crises, Asian NICs Hong Kong, Korea, Singapore … and Taiwan achieved remarkable annual GDP growth. In these countries the overall economic performance was significantly … NICs for the period 1980-95 and compares their specialisation pattern with that of more advanced economies like Japan, West …