This paper examines linear income taxation in a model where preferences over relative consumption are only exhibited by some individuals in the population. This heterogeneity in preferences generates several interesting issues in the optimal tax context. We analyze cases where the tax authority (1) uses a non-welfarist objective (one which places variable weight on the welfare of relatively-con...

This paper proposes a model that emphasizes housing market interactions and …nancial intermediation costs to explain relative consumption volatility di¤erences between developed and emerging countries. The model improves upon existing dynamic stochastic general equilibrium (DSGE) models by incorporating a non-trivial …nancial sector and by letting both households and …rms face borrowing constra...

This paper presents the concept of numerical CGE modeling with the help of a 2-country general equilibrium model. In the framework of this simple dynamic monetary model the effects of a (unilateral) monetary and fiscal expansion are simulated. The exchange rate of the home vis-à-vis the foreign currency depreciates in response to both types of shocks. The monetary expansion leads to an increase...

OBJECTIVE To estimate the direct costs associated to outpatient and hospital care of diseases related to alcohol consumption in the Brazilian Unified Health System. METHODS Attributable populational risks were estimated for the selected diseases related to the use of 25 g/day or more of ethanol (risk consumption), considering a relative risk (RR) ≥ 1.20. The RR estimates were obtained from th...