Central banker faces a tradeoff between surprise inflation and building reputation, defined as the private sector's belief … future grounds with temptation leads the way for a negative drift of reputation in equilibrium. Plans that successfully … the zero reputation limit, a gradual disinflation is preferred despite the absence of inflation inertia in the private …

-search theory: under standard calibrations models without OTJ search generate implausibly low unemployment volatility, while models …

How can governments reduce the prevalence of cross-border tax fraud? This paper argues that the use of digital … technologies offers an opportunity to reduce fraud and increase government revenue. Using data on intra-EU and world trade … transactions, we present evidence that (i) cross-border trade tax fraud is non-trivial and prevalent in many countries; (ii) such …

Like any tax, the VAT is vulnerable to evasion and fraud. But its credit and refund mechanism does offer unique …

document that the different path chosen by Colombia was due to the authorities' belief that maintaining a good reputation in …