Tropeano, Domenica - Dipartimento di Istituzioni Economiche e Finanziarie, … - 2006
<span style="font-size: 12pt"><span style="font-size: 12pt">Fiscal reform in developing countries has succeeded in increasing tax revenue from indirect taxes. Here it is assumed that those taxes will be transferred backwards to wages rather than forward to prices. This implies a certain degree of flexibility of nominal wages, which, however is not so...</span></span>