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Tax Policy and the Environment : Theory and Practice
Nellor, David C. L. - 1994
environment taxes differs dramatically from the recommendations of environment tax theory. This divergence between the theory and …
Persistent link: https://www.econbiz.de/10014396030
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Welfare vs. income convergence and environmental externalities
Bannister, Geoffrey J.; Mourmouras, Alexandros Thomas - 2017
incorporates consumption, leisure, mortality and inequality, and we extend the methodology to include environmental externalities …
Persistent link: https://www.econbiz.de/10011763851
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Legal protection : liability and immunity arrangements of central banks and financial supervisors
Khan, Ashraf - 2018
financial supervisors (if the supervisor is part of the central bank), focusing on liability, immunity, and indemnification …
Persistent link: https://www.econbiz.de/10011905876
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Central Banks Use of Derivatives and Other Contingent Liabilities : Analytical Issues and Policy Implications
Schumacher, Liliana - 2000
Whereas some central bank derivatives and other contingent liabilities arise from anomalous circumstances, there are a number of positive reasons that explain their popularity. After analyzing the rationale for these operations, we stress that most of these operations, being off-balance sheet,...
Persistent link: https://www.econbiz.de/10014399873
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Government Contingent Liabilities and the Measurement of Fiscal Impact
International Monetary Fund - 1990
Conventional fiscal accounting methodologies do not appropriately account for governments’ noncash policies, such as their contingent liabilities. When these liabilities are called, budget costs can be large, as evidenced by the United States’ saving and loan crisis. In general, deficit...
Persistent link: https://www.econbiz.de/10014396193
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Corporate tax reform : from income to cash flow taxes
Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2019
This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first channel is the shift from an income tax to a...
Persistent link: https://www.econbiz.de/10012001561
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The measurement of external accounts
Adler, Gustavo; Garcia-Macia, Daniel; Krogstrup, Signe - 2019
Growing international integration in trade and finance can challenge the measurement of external accounts. This paper presents a unified conceptual framework for identifying sources of mismeasurement of foreign investment income in current account balances. The framework allows to derive a...
Persistent link: https://www.econbiz.de/10012102053
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External Tariff Liberalization in Caricom : A Commodity-Level Analysis
Sadikov, Azim M. - 2008
This paper estimates the impact of the tariff liberalization in four largest CARICOM countries (Barbados, Guyana, Jamaica, and Trinidad and Tobago) on their trade flows. I trace changes in the product-line imports from CARICOM and non-CARICOM countries against time and commodity-level variation...
Persistent link: https://www.econbiz.de/10014401756
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Banks As Coordinators of Economic Growth
Ueda, Kenichi - 2006
This paper formally identifies an important role of banks: Banks competitively internalize production externalities and … facilitate economic growth. I formulate a canonical growth model with externalities as a game among consumers, firms, and banks …. Banks compete for deposits to seek monopoly profits, including externalities. Using loan contracts that specify price and …
Persistent link: https://www.econbiz.de/10014399670
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Externalities. Incentives, and Economic Reforms
International Monetary Fund - 1990
The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple …
Persistent link: https://www.econbiz.de/10014396155