This article extends the literature on time series estimation of U.S. consumer demand by presenting a coherent theoretical structure with a multi-period planning horizon for consumer choice and a more general treatment of the aggregation problem that allows the possibility that consumers' tastes...

The 18 members of the Asia-Pacific Economic Cooperation Council (APEC) encompass not only a wide geographic area but also broad differences in stages of economic development, including among them some of the fastest- growing economies in the world. Such rapid growth has been ficilitated by high...

The movement toward capital market liberalization in Europe has focused attention on the issue of tax harmonization from the perspective of reducing incentives for international movements of financial capital. This paper argues that tax harmonization may also be important for reducing incentives...