The rates of value added tax (VAT) have recently changed in the Czech Republic, and I simulate the impact of these reforms. They are an example of changes in indirect taxes that change the prices of goods and services, to which households can respond by adjusting their expenditures. I first...

Inflation rates have traditionally been measured by the annualized percentage change in the price level of a market basket of consumer goods and services purchased by households. The market basket represents the spending patterns of average household. However, households differ in their spending...

Inflation rates have traditionally been measured by the annualized percentage change in the price level of a market basket of consumer goods and services purchased by households. The market basket represents the spending patterns of average household. However, households differ in their spending...

This paper observes rising unit values, prices per kilogram, of Central and Eastern European exports and argues that it is an evidence of actual rising product quality during the transition period. We arrive at this conclusion by applying a number of methods on a best available dataset for the...

Part-time work whilst still in full-time education is common in many industrialized countries, and teenagers constitute a significant component of the work force in some sectors of the labour market. In Britain, in the early 1990's, some 60 percent of 16-18 year olds still in full time education...

This paper presents an hedonic model of the price of a sample of new cars available in the UK during the period 1986 to 1995. It overcomes the problem of collinearity in the characteristics data by grouping them on a priori grounds and then using principal components analysis to generate group...

Economists have frequently argued that cash transfers are to be preferred to in-kind transfers. However, the argument is strictly true only where there are no market failures, and there are several arguments in favour of in-kind transfers that are valid in these circumstances In-kind transfers...

No Abstract available

No Abstract available