nor to practically increase Italian government debt, but to practically cause a mere reduction in taxation and thence in … associated with them, would have (i) stimulated expenditure more than a taxation rebate to the said firms and (ii) facilitated … taxation credit certificates endowed with a further reduction in taxation conditional on their use for consumption, termed …

through the existence of a maximum sustainable level of debt, derived from the maximum level of taxation that is politically …

through the existence of a maximum sustainable level of debt, derived from the maximum level of taxation that is politically …

There has been a lot of discussion recently regarding the macroeconomic consequences of a distortionary taxation system …. However the way this distortionary taxation scheme or instrument is modeled in macroeconomic analysis, as well as the ability … of these models to capture the effects implied by this distortionary taxation system, is subject to criticism. This work …