This study considers the Gini 1 and alternative Gini 2 coefficients for households’ % income shares from 1963 to 2015 in Turkey. Throughout regarding calibrations, one might see that, despite the existence of some deviations from trend and some Gini 1 and Gini 2 coefficients’ differences,...

This study considers the Gini 1 and alternative Gini 2 coefficients for households’ % income shares from 1963 to 2015 in Turkey. Throughout regarding calibrations, one might see that, despite the existence of some deviations from trend and some Gini 1 and Gini 2 coefficients’ differences,...

This study considers the Gini 1 and alternative Gini 2 coefficients for households’ % income shares from 1963 to 2015 in Turkey. Throughout regarding calibrations, one might see that, despite the existence of some deviations from trend and some Gini 1 and Gini 2 coefficients’ differences,...

In this paper I will introduce a new political economy model, where there exists a competition amongst two political candidates, which aim to set a policy which enables them to win elections, max- imising the probability of winning. I will show that, if taxes neces- sary to repay the debt are...

This paper proposes a 21st century global fiscal architecture to replace the present system of personal and corporate income, sales, excise, capital gains, import and export duties, gift and estate taxes with a single comprehensive revenue neutral Automated Payment Transaction (APT) tax. In its...

We reexamine the optimal fiscal and monetary policy in combined shopping-time monetary models with capital accumulation. Four models are constructed to examine how the production cost of money and the utility from physical capital affect the toolbox of the fiscal and monetary policy. It is shown...

Simplicity is an important attribute for a tax system and there have been many attempts at simplification in different countries including, of course, Australia. However these attempts have not been very successful. The main reason is that there are, of course, important factors that cause tax...

The Caribbean Community is in transition, moving toward a liberalized trade environment with low tariffs. Tax reform is at the forefront of the policy response since traditional sources of tax revenue such as import duties are on the decline. This paper evaluates the suitability of the VAT to...

Abstract We study optimal savings policies when there is a dual concern about undersaving for retirement and income inequality. Agents differ in present bias and earnings ability, both unobservable to a planner with paternalistic and redistributive motives. We characterize the solution to this...

The existing literature regarding the impact of trade facilitation in terms of export volume, per capita GDP, etc., only considers the market equilibria (before and after trade facilitation) to compare and account for the efficiency gains. However, when a trade facilitation measure is introduced...