spending. Our baseline optimal reform reveals that these model ingredients result in a reduction of welfare losses that occur … when the reform is announced before its implementation. Further, the mere existence of welfare losses from pre … welfare gains from pre-announcing the reform. We show that 4 years pre-announcement of this reform and the baseline optimal …

short-run confiscation and/or subsidy of capital and labor income is not important for the welfare gains of pre …: should fiscal policy pre-announce tax reforms before their implementation from a welfare point of view? Domeij and Klein … (2005) show that pre-announcement of an optimal tax reform is costly in terms of welfare. We reexamine their claim by taking …

This paper develops a model to investigate the welfare implications of barter in Russia and other transition economies … during the 1990s. We argue that barter is a welfare-improving phenomenon that acts as a defense mechanism against monetary …

to experience elsewhere. This paper examines this question for the case of Canadian social assistance (welfare) policies … growth has varied substantially across regions. The second is that welfare policies vary across provinces, and the ability of … the provinces to employ different approaches to welfare programs has increased since the mid-1990s. We thus examine …

to experience elsewhere. This paper examines this question for the case of Canadian social assistance (welfare) policies … growth has varied substantially across regions. The second is that welfare policies vary across provinces, and the ability of … the provinces to employ different approaches to welfare programs has increased since the mid-1990s. We thus examine …