McCallum’s answers his question by saying that raising this target is a “sophisticated but predominantly bad idea” and the paper gives eight reasons for this conclusion. The first is that inflation is a particularly distortionary tax. The second is that, with sticky prices, inflation can lead to inefficient changes in relative prices. The third is that, based on the analysis of Schmitt-Grohé an...

The paper evaluates the ongoing reform of VAT in the Czech Republic in terms of impacts on individual households. The main objective is to analyse the impact of given changes on individual households. The adopted method is based on the data related to household consumption by individual household quintiles; obtained data are subjected to micro-simulation examining. Results are discussed in term...

In the future e-Home, information from various sources, located both globally and locally, are at hand for a wide range of tasks. Many of these tasks involve finding out about public authorities' rules and regulations. The Public Tax authorities, for instance, provide hundreds of documents on their web site (forms, FAQ’s, tax rules, etc.). Currently, the user is restricted to navigating and sea...

abstract in this paper, markov chain and dynamic programming were used to represent a suitable pattern for tax relief and tax evasion decrease based on tax earnings in iran from 2005 to 2009. results, by applying this model, showed that tax evasion were 6714 billion rials**. with 4% relief to tax payers and by calculating present value of the received tax, it was reduced to 3108 billion rials. ...

abstract the theory of international tax competition suggests that governments attempt to attract mobile capital bases by undercutting the foreign capital tax rate. an analysis of the role that state capacity plays in tax policymaking under international pressures is, however, missing. the central contribution of our study is to highlight the importance of the interaction between state capacity...

INTRODUCTION The effectiveness of excise tax increases as a tool for reducing tobacco consumption depends largely on how the tax increases impact the retail price. We estimate this relationship in South Africa for 2001-2015. DATA Statistics South Africa provided disaggregated cigarette price data, used in the calculation of the Consumers' Price Index. Data on the excise tax per cigarette were...

A finite element modeling of tire using Ansys is used to analyze the free vibration of radial pneumatic tires. The natural frequencies and mode shapes of pneumatic tires are investigated. The effects of some parameters such inflation pressure, tread pattern, ply-angles and thickness of belts on the natural frequency of tires are investigated. Keywords— natural frequency, inflation pressure, tre...

Over the past two decades, the plight of America's cities has become almost a commonplace of social comment. While city tax bases are eroding and their job markets declining as companies seek cheaper, newer, or more accessible facilities in the suburbs, their schools and services struggle against the combined impact of inflation, unemployment, and shrinking federal assistance. The cities are se...

This paper examines various interest rate rules, as well as policies derived by solving optimal control problems, for their ability to dampen economic fluctuations caused by random shocks. A tax rate rule is also considered. A multicountry econometric model is used for the experiments. The results differ sharply from those obtained using recent models in which the coefficient on inflation in th...