Showing 1 - 8 of 8
The paper gives a systematic treatment of equivalent tax systems within an intertemporal framework.
Persistent link: https://www.econbiz.de/10005086680
The paper provides a theory where the size of the inspection authority and the size of the fines evolve endogenously. We find that if a society cannot commit to future taxes it may gain form committing to a small Inland Revenue Service and small punishments for tax evasion. The possibility of...
Persistent link: https://www.econbiz.de/10005086702
In this article, i examine the relationship between monetary and fiscal policies in a panel of 70 developing countries. I find that the size of the government's deficit and the methods by which it is financed are strongly related to monetary policy reactions to increase in both government credit...
Persistent link: https://www.econbiz.de/10005357559
This paper develops a two-period overlapping generations model where agents choose whether to become educated when young. While education enhances productivity, it needs to be financed by borrowing. Because of the possibility of default, lenders may ration credit. We characterize the...
Persistent link: https://www.econbiz.de/10005357619
Tax earmarking imposes a constraint on government policymaking, and may be desirable if it solves a time-inconsistency problem in tax policy. In a two-period economy, in which the policy decisions regarding taxes, public goods provision, and pollution abatement are taken by a majority-elected...
Persistent link: https://www.econbiz.de/10005146585
This paper reviews the recent optimal dynamic tax literature, and links the results from dynastic one-person economies, dynastic heterogeneous individual economies and overlapping generations economies. The paper shows that the second best labour tax is positive, and further analyses the dynamic...
Persistent link: https://www.econbiz.de/10005146592
In this paper, I test a fiscal dominance hypothesis of central bank independence in developing countries.
Persistent link: https://www.econbiz.de/10005738184
The paper explores the hypothesis of a double divident from environmental taxation. It is argued that an environmental tax reform, i.e. shifting the burden of taxation away from labour toward the environment can improve environmental quality, boost employment and increase welfare. The paper...
Persistent link: https://www.econbiz.de/10005738189