Showing 1 - 10 of 1,497
explaining these differences for EU New Member States. By extending a standard growth model with novel data on consumption and … margins) to quantify the deadweight loss introduced by consumption and labor taxes. We find that these taxes explain a large …
Persistent link: https://www.econbiz.de/10012102041
Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the 1990s in spite of exchange rate stabilization. To explain this ""dollarization hysteresis,"" this paper develops a model in which network externalities in the demand for currency...
Persistent link: https://www.econbiz.de/10014403658
Evans (1991) has demonstrated that Blanchard’s (1985) finite-horizon model obeys approximate Ricardian equivalence. We show that this result is determined largely by an unrealistic assumption that labor income grows monotonically over a consumer’s entire lifetime. Introducing more realistic...
Persistent link: https://www.econbiz.de/10014395872
paper offers a preliminary quantitative analysis of the impact of oil sector development on government consumption and … savings. It shows that the country''s oil wealth could be significant, which would enable sustainable government consumption …
Persistent link: https://www.econbiz.de/10014402288
the United States, Germany and Japan is not inconsistent with exchange rate volatility implied by consumption …
Persistent link: https://www.econbiz.de/10014397963
When there are collection lags in the tax system, inflation reduces the real revenues. This is often offered as an argument for less reliance on the inflation tax. But the optimal rates of other taxes should also be reconsidered in the light of collection lags. When this is done, the focus...
Persistent link: https://www.econbiz.de/10014395819
The effects of income and consumption taxation are examined in the context of models in which the growth process is …-reducing. The effects of consumption taxation on growth depend crucially on the elasticity of labor supply, and therefore on the …
Persistent link: https://www.econbiz.de/10014398183
We compare the long-term output and current account effects of pension reforms that increase the retirement age with … a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small …
Persistent link: https://www.econbiz.de/10012671560
Persistent link: https://www.econbiz.de/10013169902
wealth, as well as consumption taxes. It considers implicit and explicit gender biases and corrective taxation. On labor … inheritances particularly lightly. On consumption taxes, we cover taxes on female hygiene products and excise taxes, which we … assess in relation to externalities and differences in consumption patterns across genders …
Persistent link: https://www.econbiz.de/10013170280