Zobrazeno 1 - 10
of 63
pro vyhledávání: '"Adrian Peralta-Alva"'
Publikováno v:
The Economic Journal.
We quantitatively investigate the welfare costs of increasing tax revenues in low-income countries. We consider three tax instruments: consumption, labour income and capital income taxes. The analysis is based on a general equilibrium model featuring
Publikováno v:
American Economic Review. 109:2036-2072
This paper shows that a macro model with segmented financial markets can generate sizable movements in housing prices in response to changes in credit conditions. We establish theoretically that reductions in mortgage rates always have a positive eff
Publikováno v:
SSRN Electronic Journal.
Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages. This paper analyzes the impact of policy options intended to address this problem by employing a dynamic general equilibrium overlap
Publikováno v:
SSRN Electronic Journal.
We quantitatively investigate the macroeconomic and distributional impacts of fiscal consolidations in low-income countries (LICs) through value added tax (VAT), personal income tax (PIT), and corporate income tax (CIT). We extend the standard hetero
Autor:
Stefania Fabrizio, Davide Furceri, Rodrigo Garcia-Verdu, Bin Grace Li, Sandra Lizarazo Ruiz, Marina Mendes Tavares, Futoshi Narita, Adrian Peralta-Alva
Publikováno v:
Staff Discussion Notes. 17
Despite sustained economic growth and rapid poverty reductions, income inequality remains stubbornly high in many low-income developing countries. This pattern is a concern as high levels of inequality can impair the sustainability of growth and macr
Publikováno v:
SSRN Electronic Journal.
This paper assesses the macroeconomic and distributional impact of personal income tax (PIT) reforms in the U.S. drawing on a multi-sector heterogenous agents model in which consumers have non-homothetic preferences and sectors differ in terms of the
Publikováno v:
Journal of Economic Dynamics and Control. 41:1-19
We construct a dynamic general equilibrium model of tax evasion where agents choose to report some of their income. Unreported income requires using a payment method that avoids recordkeeping in some markets—cash. Trade using cash to avoid taxes is
Publikováno v:
International Economic Review. 55:83-110
In this article, we propose a recursive equilibrium algorithm for the numerical simulation of nonoptimal dynamic economies. This algorithm builds upon a convergent operator over an expanded set of state variables. The fixed point of this operator def
Publikováno v:
Journal of the European Economic Association. 8:617-625
Our work has been concerned with the numerical simulation of dynamic economies with heterogeneous agents and economic distortions. Recent research has drawn attention to inherent difficulties in the computation of competitive equilibria for these eco