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This study provides new evidence about inflation expectations formation in a highly volatile environment, in which inflation dropped dramatically from three-digits annual rate to less than 3%. Our findings, based on an Israeli survey of firms' expectations, support information rigidity theories,...

This paper has two goals. First it determines the respective impacts of variations in the tax rates and in the distribution of pre-tax incomes on changes in tax progressivity in the United Kingdom during the period 1960–2001. Second it checks whether macroeconomic variables or the political...