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INDIRECT TAXES AND RELATIVE PRICES: AN APPLICATION OF LEONTIEF MODELS
The generalized Leontief model is particularly suitable for the study of indirect taxation and, yet, to my knowledge, it had not been extended to a world where taxes are levied. Three features of the model distingush it ...
ESSAYS ON THE INFLATION TAX
This study, "Essays on the Inflation Tax," is three related, but independent papers. They are united by the central theme that inflation is a tax on the purchasing power of money. As a tax, inflation should be analyzed for ...
Semi- and non-parametric estimation and testing of economic models
Chapter one provides a new estimator for the ordered polychotomous model. The estimator is based on the use of the average of the standard normal densities with different means as a parametric approximation to the density ...
Heteroskedasticity and serial correlation in tests for rational expectations and/or simple market efficiency: A white-type approach
The simple market efficiency hypothesis implies that prediction errors, such as forward less spot exchange rates, will be orthogonal to elements of the information set. One can therefore test for market efficiency via ...