Now showing items 11-13 of 13
Are Tax Havens Good? Implications of the Crackdown on Secrecy
The pressure on tax haven countries to engage in tax information exchange shows first effects on capital markets. Empirical research suggests that investors do react to information exchange and partially withdraw from ...
Informal Sector and Economic Development: The Credit Supply Channel
The standard view suggests that removing barriers to entry and improving judicial enforcement reduces informality and boosts investment and growth. However, a general equilibrium approach shows that this conclusion may ...
Aggregate and Distributional Effects of Increasing Taxes on Top Income Earners
We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. ...