, PA President Charles Plosser gives his views on the debate about a new normal for economic growth in the U.S. economy. He …

When Vietnam entered WTO in 2007 it was granted an accession period up to 2014. During this period tariffs would have … Vietnam has many state-owned enterprises that do not behave in a profit maximizing way. The model simulations show that the … of income will take place among the poor rural households in Vietnam. We propose other tariff reforms that both raise …

This paper estimates the effects of tax changes on the U.K. economy. Identification is achieved by isolating the … ‘exogenous’ tax policy shocks in the post-war U.K. economy using a narrative strategy as in Romer and Romer (2010). The resulting … and significant effects on the economy. Finally, ‘exogenous’ tax changes are shown to have contributed to major episodes …

rate generate a reallocation from underground to the regular economy which contributes to obscure the spending and tax …