We exploit an exhaustive administrative dataset that includes the individual tax returns of all households in the top percentile of the income distribution in Germany to pin down the effective income taxation of households with very high incomes. Taking tax base erosion into account, we find that the top percentile of the income distribution pays an effective average tax rate of 30.5 percent an...

The economic stability of a country can be seen from the inflation rate. This study aimed to analyze influence monetary and fiscal aspects on most effective policies for problems in Indonesia, using time series data 2010-2019 VECM model. result showed that money supply tax revenue there is one-way causality relationship. interest rate variable has not control inflation. test also shows does aff...

Beer Industry Myth: Forty‐four percent of the retail price of beer is now consumed by taxes. Consumer and Public Health Reality: The ʺ44 percentʺ calculation deceptively includes sales tax, federal income and payroll taxes, state and local income, payroll and other levies. The federal excise tax on beer amounts to only about a nickel per drink ‐‐ less than seven percent of the average price of ...

The purpose of this study is to investigate the impact of exchange rate misalignment on inflation persistence. For this purpose, Vector Auto Regression method and Markov Switching model is used for quarterly data during 1989:4 -2014:3. The results show that, the impact of liquidity growth and exchange rate misalignment on inflation persistence is positive. On the other hand, GDP growth has a ne...

A problematic feature of the existing empirical literature on the relationship between revenue decentralization (RD) and inflation is the use of inaccurate measures for RD. Using a newly constructed measure for RD that accounts for over-time changes in subnational tax autonomy, this paper finds that RD leads to lower inflation.

p olicy makers in housing sector seeks to use instruments by which they can control volatility of housing price and prevent high disturbances of the bubble and price shocks, or at least, reduce them. in the portfolio and speculation theories, it is emphasized that speculative demand for housing is the main cause of shocks and price volatilities in the sector. the theory of housing price bubble ...

Abstract: A standard timing protocol allows in a cash-in-advance model allows the government to elude the inflation tax. That matters. Altering the timing of tax collections to make the government hold cash overnight disables some classical propositions but enables others. The altered timing protocol loses a Ricardian proposition and also the proposition that open market operations, accompanied...

Recent influential work argue that a gradual increase in the sales tax stimulates economic activity liquidity trap by boosting inflation expectations. Higher public infrastructure investment should also be more expansive than normal times raising potential interest rate and increasing aggregate demand. We analyze relative merits of these policies New Keynesian models with without endogenous pri...