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rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism … policy performs well vis-a-vis data, especially along the labor market dimension. …
Persistent link: https://www.econbiz.de/10011853388
This paper explores the effects of fiscal policy in an economy based on indirect taxes, and taxing all income at the same rate. The focus of the paper is on the relative importance of consumption vs. income taxation, as well as on the provision of valuable public services. To this end, a...
Persistent link: https://www.econbiz.de/10011544118
Bulgaria in 2008, an effect that operates through the grey economy channel. Using a general-equilibrium model, augmented with …
Persistent link: https://www.econbiz.de/10011487311
cycles in Bulgaria better than earlier models. The model performs well vis-a-vis data, especially along the labor market … dimension, and in addition dominates the market-clearing labor market framework featured in the stan- dard RBC model, e …
Persistent link: https://www.econbiz.de/10011498689
-extraction mechanism to assess the magnitude of VAT evasion. The model is calibrated to Bulgaria after the introduction of the currency …
Persistent link: https://www.econbiz.de/10011520594
Persistent link: https://www.econbiz.de/10011526228
Persistent link: https://www.econbiz.de/10011451805
This paper explores the effects of fiscal policy in an economy based on indirect taxes, and in the presence of VAT evasion channel. In addition, the government is taxing all income at the same rate. The focus of the paper to compare and contrast two regimes - the exogenous (observed) vs. optimal...
Persistent link: https://www.econbiz.de/10011563313
rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism …-shirking type that emphasize the importance of aggregate labor market conditions as the main determinant in wage setting, e …-a-vis data, especially along the labor market dimension, and in addition dominates the market-clearing labor market frame …
Persistent link: https://www.econbiz.de/10011638342
Persistent link: https://www.econbiz.de/10012224451