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This paper investigates the relationship between the magnitude of automatic stabilizers in the tax and transfer systems …
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We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this increases output persistence in a similar vein as other models of labor market frictions. Furthermore, it is demonstrated that quadratic labor adjustment costs imply...
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. His doctoral dissertation on imperfect competition theory and his Latin American experience further reinforced this basic …
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People in the Nordic countries of Denmark, Finland, Iceland and Sweden work more than the countries’ high tax rates …
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A financial transaction tax (FTT) compares to a value-added tax on financial transactions and financial services. This … differs from the financial activity tax (FAT) that is raised on profits of financial companies or on profit …, nor does it have a clear assessment base or a certain tax rate. These are decisions to be made during political discourse …
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