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As recognized, taxation is not only an instrument for government to collect revenues from the economic agents but also an instrument of fiscal policy to influence the agents' behaviour. In this work, we develop a DSGE model to assess the macroeconomic impact of three tax items (taxes on...
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Using the post-WWII data of U.S. federal corporate income tax changes, within a Smooth Transition VAR, this paper finds that the output effect of capital income tax cuts is government debt-dependent: it is less expansionary when debt is high than when it is low. To explore the mechanisms that...
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, the unemployment rate has fallen in The Netherlands, but the overall level in OECD Europe remains high. An investigation … moderation as a remedy for unemployment in The Netherlands. Substantial cutbacks were made in the social security programme. This … developed different structural macroeconometric models. The Netherlands has a rich tradition in using macroeconomic models for …
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Netherlands and in Ireland, a consensual strategy of wage restraint for improving the competitiveness of the economy and …
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