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Hidden Economies and the Socially Optimal Fiscal-Tax to Liquidity-Tax Ratio
Ercolani, Marco G. - In: Economics: The Open-Access, Open-Assessment E-Journal 1 (2007) 2007-6, pp. 1-32
Differential tax analysis is used to show how the socially optimal fiscal-tax to liquidity-tax ratio changes with the relative size of the tax-evading hidden economy. The smaller the relative size of the hidden economy, the larger the optimal fiscal-tax to liquidity-tax ratio. The empirical...
Persistent link: https://www.econbiz.de/10010295289
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Are stationary hyperinflation paths learnable?
Adam, Klaus; Evans, George W.; Honkapohja, Seppo - 2003
Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under …
Persistent link: https://www.econbiz.de/10010298287
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Corruption, seigniorage and growth: theory and evidence
Blackburn, Keith; Neanidis, Kyriakos C.; Haque, M. Emranul - 2008
seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …
Persistent link: https://www.econbiz.de/10010264401
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Taxation, corruption and the exchange rate regime
Hefeker, Carsten - 2009
The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption and improve the fiscal system. A monetary union,...
Persistent link: https://www.econbiz.de/10010264571
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The accidental redistribution of seignorage wealth in the Eurosystem
Sinn, Hans-Werner; Feist, Holger - In: CESifo Forum 01 (2000) 3, pp. 27-29
Persistent link: https://www.econbiz.de/10011695630
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Fiscal adjustment in Greece: In search for sustainable public finances
van Aarle, Bas; Kappler, Marcus - 2011
This paper analyses Greek fiscal sustainability from a retrospective and a prospective view. Implications of Greek fiscal (un)sustainability are discussed. In the empirical analysis econometric testing of Greek government solvency during the period 1985-2008 is combined with a scenario analysis...
Persistent link: https://www.econbiz.de/10010307840
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Monetary policy before and after the euro: Evidence from Greece
Arghyrou, Michael G. - 2006
We model Greek monetary policy in the 1990s and use our findings to address two interrelated questions. First, how was monetary policy conducted in the 1990s so that the hitherto highest-inflation EU country managed to join the euro by 2001? Second, how compatible is the current ECB monetary...
Persistent link: https://www.econbiz.de/10010322776
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Science and technology policy in Greece: Policy initiatives for R&D cooperation
Kastelli, Ioanna - 2000
The introduction of new elements in the Greek Science and Technology policy has not been followed to the same extent by an explicit concern for the promotion of R&D co-operation. National policy in that respect has been shaped to a large extent by the European Commission's policy initiatives....
Persistent link: https://www.econbiz.de/10011608632
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Griechenland: Eine Rettungsbilanz
Schrader, Klaus; Laaser, Claus-Friedrich - 2018
Die Autoren zeigen, dass Griechenland trotz des Abschlusses der über acht Jahre dauernden Rettungsprogramme und einer … Investoren zu verbessern und neues Vertrauen in den Standort Griechenland zu schaffen. … during the last years, Greece still faces serious economic problems. Even though the debt crisis was temporarily defused by a …
Persistent link: https://www.econbiz.de/10011936231
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The economic impact of immigration in Greece: taking stock of the existing evidence
Cholezas, Ioannis; Tsakloglou, Panos - 2008
Greece was traditionally an emigration country. However, since the early 1990s it became an immigrant destination and …
Persistent link: https://www.econbiz.de/10010269050