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Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … lay the theoretical base followed by a descriptive view on the relation between inflation, growth and tax revenues in the … reveal that an end of inflation would have a negative impact on tax revenues for a number of OECD countries. The results also …
Persistent link: https://www.econbiz.de/10010297682
Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … lay the theoretical base followed by a descriptive view on the relation between inflation, growth and tax revenues in the … reveal that an end of inflation would have a negative impact on tax revenues for a number of OECD countries. The results also …
Persistent link: https://www.econbiz.de/10011444606
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We consider the effect of money illusion - defined referring to Stevens' ratio estimation function - on the long-run Phillips curve in an otherwise standard New Keynesian model of sticky wages. We show that if households under-perceive real economic variables, negative money...
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creating a behavioral model that is not dependent on the prevailing concept of rationality, De Grauwe is better able to explain … richer macroeconomic dynamic that provides for a better understanding of fluctuations in output and inflation. De Grauwe …
Persistent link: https://www.econbiz.de/10010862630
creating a behavioral model that is not dependent on the prevailing concept of rationality, De Grauwe is better able to explain … richer macroeconomic dynamic that provides for a better understanding of fluctuations in output and inflation. De Grauwe …
Persistent link: https://www.econbiz.de/10010681711