This paper examines the steady state and transition effects of converting from a graduated income tax to a graduated consumption tax. The authors' simulation results suggest that considerable dynamic efficiency gains could be achieved by switching to a graduated consumption tax, where all saving...

Unemployment is an established predictor of psychological distress. Despite this robust relationship, the long-term impact of unemployment on human welfare has been examined in relatively few studies. In this investigation we test the association between the life-time duration of unemployment...

Despite low average rates, the tariff remains an important instrument of trade policy in the 'Quad'. This article presents some summary tariff indicators, highlighting the main features of these tariffs that warrant attention in the current round multilateral trade negotiations at the WTO.