This paper analyses the relationship between tax structure and unemployment in thelabour market of OECD countries for the period 1960-1996. In this work, the sample ofcountries is divided in three groups based on institutional aspects that determine thewage bargaining in the labour market. In...

This study investigates the politico-economic determinants of the crowding-in effects of public investments in a cross-section of 25 developing countries for the 1975-2000 period using multivariate probit analysis. The estimation results show that public fixed capital investments may crowd in...

Some environmental policies, like tax credit, have tried to induce the acquisition of energy efficient units and the replacement of old energy inefficient vintages. However, they have faced the energy paradox that is a slow diffusion of new vintages. We develop a stochastic model of irreversible...

In this chapter, Miles Corak provides a useful overview of the state of knowledge on the issue of child poverty and most importantly reveals the complexity of the factors at play and the important gaps in our understanding of the underlying causes and effects. Corak finds that, except for those...

In this chapter, Peter Dungan investigates the sensitivity of Canadian government fiscal balances to alternative long-run productivity growth rates using elements of the FOCUS macroeconometric model to conduct simulations on a 'base-case' projection of the Canadian economy, and of its fiscal...

In a survey of tax reform in recent years, Richard Bird and Michael Smart explore the relationship between tax policy and tax research. They conclude that there have been important examples of apparent influences of research on policy. For instance, they are encouraged that the downward pressure...

In recent years, our understanding of the sources of growth has been strongly influenced by endogenous growth theory. In the first article, Peter Howitt of Brown University, one of the leading researchers in the field, provides a progress report on the current state of the endogenous growth...

In the theory of monetary and fiscal policy interaction, the assumption of Ricardian households isolates the determinants of fiscal policy instrument from the price stabilization policies carried out by the central bank. One of the main implications of the above mentioned Ricardian assumption is...

We generate observable expectations about fiscal variables through laboratory experiments using real world data from several European countries as stimuli.We estimate an econometric model of individual expectations for fiscal policy, which nests various theories of expectations-forming and...