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It is well known that the size of the informal (black or grey) economy causes serious fiscal problems for Hungary. This … (whitening”) with the help of a model. It turns out that if only negative incentives were involved (better enforcement scenario …. The major alternative policy option is a positive incentives scenario. The simplest measure consists of a substantial …
Persistent link: https://www.econbiz.de/10010494381
In this paper we investigate the possible effects of fiscal tightening in Hungary from two perspectives. First … their relevance for Hungary in a qualitative way. In our review of non-Keynesian channels of fiscal adjustments we conclude …
Persistent link: https://www.econbiz.de/10003347824
In this paper we investigate the possible effects of fiscal tightening in Hungary from two perspectives. First … their relevance for Hungary in a qualitative way. In our review of non-Keynesian channels of fiscal adjustments we conclude …
Persistent link: https://www.econbiz.de/10010322394
What are the effects of changes in taxation and new types of mortgages on the real economy? - The case of Denmark during the 00's What are the effects of introducing interest-only, flexible-rate mortgage contracts and a tax-freeze on housing wealth for the real- and financial economy? I study...
Persistent link: https://www.econbiz.de/10011696533
Macroeconometric policy simulation models allow for an analysis, and, above all, for a quantification of the effects different economic policies have on the various variables that represent the economy. Despite the seminal "Lucas critique" levelled against them, these models are still widely...
Persistent link: https://www.econbiz.de/10002202977
Macroeconometric policy simulation models allow for an analysis, and, above all, for a quantification of the effects different economic policies have on the various variables that represent the economy. Despite the seminal Lucas critique levelled against them, these models are still widely used,...
Persistent link: https://www.econbiz.de/10010285870
This paper evaluates the relative importance of labor productivity vs. income taxes and social security contributions for tax compliance in an economy with a large degree of informality. To this end, we build a bargaining model in which matched employer-employee pairs of heterogeneous productive...
Persistent link: https://www.econbiz.de/10011514510
Macroeconomic models that omit the shadow economy systematically mis-forecast and mis-measure the effect of fiscal –in particular tax– policy on economic activity and tax revenue. We add an informal sector to the Bank of Greece DSGE model and use the actual package of fiscal consolidation...
Persistent link: https://www.econbiz.de/10014078167
Throughout 2021, fiscal stimulus packages were introduced to jump-start the COVID-19 'post-pandemic' economic recovery process. While calls for economic recovery packages that promise to 'build back better' have come from many directions, the under-allocation of recovery resources directed at...
Persistent link: https://www.econbiz.de/10014314683
This paper investigates whether the size of the shadow economy increases income inequality in Uganda. This paper applies the autoregressive distributed lag (ARDL) bounds testing approach to cointegration, to test the long- and short-run relationship between the shadow economy and income...
Persistent link: https://www.econbiz.de/10013183865