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This paper investigates an economy in which there are short-term wage contracts that are re-negotiated under certain conditions. This paper determines the optimal frequency of wage re-negotiation and shows that it depends positively on measures of aggregate variability and Phillips curve slope....
Persistent link: https://www.econbiz.de/10012477817
This paper investigates an economy in which there are short-term wage contracts that are re-negotiated under certain conditions. This paper determines the optimal frequency of wage re-negotiation and shows that it depends positively on measures of aggregate variability and Phillips curve slope....
Persistent link: https://www.econbiz.de/10013221119
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next period. Theory suggests that the collection efficiency is impacted by political economy considerations greater …This paper evaluates the political economy and structural factors explaining the collection efficiency of the Value … Added Tax [VAT]. We consider the case where the collection efficiency is determined by the probability of audit and by the …
Persistent link: https://www.econbiz.de/10012467139
next period. Theory suggests that the collection efficiency is impacted by political economy considerations greater …This paper evaluates the political economy and structural factors explaining the collection efficiency of the Value … Added Tax [VAT]. We consider the case where the collection efficiency is determined by the probability of audit and by the …
Persistent link: https://www.econbiz.de/10013219708
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