on the cyclical sensitivity of budget deficit to economic activity and micro evidence on the tax and expenditure profiles …

mobilization of resources did not keep pace with the expenditure requirements. Several steps were initiated in 1996-97 such as tax …

fiscal policy in a dynamic general equilibrium set up; the main topics covered in this section are credibility of tax policy …

inflation, exacerbate wealth disparity or have other harmful effects. These are serious problems and they need to be addressed …

I study the effects of long-run inflation and income taxation in an economy where households face uninsurable … idiosyncratic risks. I construct a tractable competitive search framework that generates dispersion of prices, income and wealth. I … monetary and fiscal policies have distinctive effects on macro aggregates, such as output, savings, wealth dispersion, income …

fiscal policy in a dynamic general equilibrium set up; the main topics covered in this section are credibility of tax policy …

Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe … national saving responds nonlinearly to fiscal policy when a large and persistent consolidation is undertaken. I show that …

that when an income tax is available, the subsidy on education should not depend on redistribution. Instead, it is …