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In this paper we develop a stochastic dynamic general equilibrium model of the Greek economy, in the real business cycle modelling tradition. Household preferences depend on private and public consumption and leisure. Government finances its investment, consumption and transfer payments by means...
Persistent link: https://www.econbiz.de/10005661696
The role of proportional and procyclic labor income taxes for automatic stabilization with stochastic productivity is … rigidity for the effectiveness of progressive taxes on labor income for stabilizing output and raising household welfare is … prices, payroll taxes levied at rates that rise with output can serve as automatic stabilizers. Copyright Springer Science …
Persistent link: https://www.econbiz.de/10005678552
of direct and indirect taxes etc. The paper also makes use of a revenue performance index, and finds that while several …
Persistent link: https://www.econbiz.de/10005264219
This paper presents the Tax Summary for the Solomon Islands. The paper discusses that normal business expenses are deductible against chargeable income. A $7,800 personal exemption applies to both resident and nonresident individuals. This general exemption is subject to apportionment on a...
Persistent link: https://www.econbiz.de/10011242614
Canada’s macroeconomic and policy performance has continued to outshine most other industrial countries, and its outlook remains favorable. The new government has pledged to maintain the strong social consensus in favor of fiscal surpluses, while aiming at enhancing incentives. The new...
Persistent link: https://www.econbiz.de/10011243614
bureaucracy and enforcement of the legal system endogenously. In particular we consider money systems as constructs to make agents … strategic market games representing government-issued fiat money and ideal commodity money as two cases. We endogenize the … provision of money and rules for its use as productive activities within the society, and consider the problem of transition …
Persistent link: https://www.econbiz.de/10005463905
In a previous essay we modeled the enforcement of contract, and through it the provision of money and markets, as a … production of goods. Government and a central bank provided fiat money and enforced repayment of loans, giving fiat a predictable … comparison, we consider the same trade problem without government or fiat money, using instead a durable good (gold) as a …
Persistent link: https://www.econbiz.de/10005593614
Taxes. It Presents Both the Main Characteristics, Such As Sample Size, Interview Techniques and So On, and the Key Findings … of the Nineteen Studies Reviewed. in General, One Can Conclude That Simpler Taxes Lead to Lower Compliance Costs. …
Persistent link: https://www.econbiz.de/10005353291
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