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back theoretical considerations on inflation's impact on different kinds of taxes: This impact tends to be positive for …Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … fiscal drag for OECD countries since 1965. Some considerations on the role of money illusion and indexation in this context …
Persistent link: https://www.econbiz.de/10011444606
back theoretical considerations on inflation's impact on different kinds of taxes: This impact tends to be positive for …Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … fiscal drag for OECD countries since 1965. Some considerations on the role of money illusion and indexation in this context …
Persistent link: https://www.econbiz.de/10014090638
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
, fiscal consolidation, privatization, and wealth taxation) and heterodox options (inflation, financial repression, debt …
Persistent link: https://www.econbiz.de/10012655299
Central bankers often assert that anchoring of inflation expectations and reducing inflation uncertainty are good for …-in-difference strategy is based on the theoretical prediction that inflation uncertainty has larger effects in industries that are more …-anchored inflation expectations. The results are robust to controlling for the interaction between these characteristics and a broad set …
Persistent link: https://www.econbiz.de/10012868768
The main objective of this study is to empirically examine the relationship between inflation and economic growth in … relationship between inflation and GDP growth is non-linear with a subsistence of a breakpoint, which means the inverted U …-shape curve. Moreover, the Granger Causality shows that economic growth does granger cause inflation. The empirical result …
Persistent link: https://www.econbiz.de/10013239116
Although euro area-wide inflation was from 1999 to 2005 almost right, i.e., "close to balance, but below 2%," and … emerges at country level is more scattered. Inside a monetary union, inflation divergences could be destabilizing and an … excessive dispersion could be a problem, thus the scattered performance of the single members in terms of HICP inflation and …
Persistent link: https://www.econbiz.de/10014026523
This study set out to investigate whether it is possible to simultaneously achieve internal and external economic stability objectives and to examine the impact of economic stability on economic growth. A model of simultaneous relation was formulated and identified. Data covering 1970 –...
Persistent link: https://www.econbiz.de/10011141050
, seigniorage, and taxes. The framework is used to assess the fiscal resource bases of economies in developing Asia to the extent … to taxes other than broad-based taxes on income and consumption, such as property taxes and corrective taxes. …
Persistent link: https://www.econbiz.de/10010463620
In this paper, we examine the tourism sector in Maldives, focusing on tax revenue generation and long-run growth potential. We present a sectoral outlook for tourism and use time-series econometric techniques to estimate long-run tax base elasticities. We focus specifically on international...
Persistent link: https://www.econbiz.de/10013243594