Kalman filtering is used as a method of analysing the expectation formulation procedures employed by companies. The filter permits a number of alternative representations of managers' models of their firms activities to be compared. Applying the procedure to United Kingdom data on expectations,...

A number of European countries have recently introduced tax reforms inspired by the concept of flat taxes. This article analyses the principal aspects of these reforms in the light of the original theoretical approach by Hal and Rabushka. The rapid overview of the principle elements of the tax...

The focus of this article is the comparison of the relative influence of different determinants of investment (demand, the relative price of capital and labour, and profit) for five large European countries and the United States. The investment equations are derived from production functions,...

Using a newly constructed data set, we compare sources of funds and investment activities of venture capital (VC) funds in Germany, Israel, Japan and the UK. Sources of VC funds differ significantly across countries, eg banks are particularly important in Germany, corporations in Israel,...

Corporation Tax in the UK has undergone fundamental revisions since its inception in 1965-so much so that the present system bears very little resemblance to the original proposals. It would thus seem important to establish the properties of the product that we are currently consuming and this...

Regulation in the UK is undergoing fundamental change. Dissatisfaction with self-regulation and the self-regulatory organizations intensified steadily during the 1990's. The failure of regulation to avert the Maxwell pension collapse and the widespread selling of inappropriate pension policies...