This paper analyzes growth and welfare effects of income taxation in a stochastic endogenous growth model with …

This paper analyzes growth and welfare effects of income taxation in a stochastic endogenous growth model with …

This paper analyzes growth and welfare effects of income taxation in a stochastic endogenous growth model with …

examine three cases in which the tax regime interacted with these factors, reinforcing them. First, we focus on the taxation … may have contributed to the financial crisis by creating some of the raw materials for the securitization industry. Second … securitization process, which played a key role in the outbreak of the financial crisis, was accompanied by opportunities for tax …

organizations to change the approach to the taxation of the financial sector in the light of the world financial crisis, the current … theoretical approaches to the definition and justification instruments (mechanisms) taxation of the financial sector, discussed in … financial crisis tools taxation of the financial sector, as well as some aspects of Russian assessment practice in the relevant …

We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial …-modification default rates by 9% (3.5% in absolute terms). Our findings support the view that frictions introduced by securitization create …