Fiscal Consolidation Plans with Underground Economy

The Underground Economy

DDoS DDoS is distributed denial of service, or an attack that focuses on using the power of a large number of computers to deny users access to a particular service. This attack is powerful and can often bring down entire websites by hitting them with a large amount of traffic. It is difficult to defend against when the attacker is using a botnet because the machines are distributed across the ...

Underground Economy And Tax Gap

Fiscal Performance, Public Debt and Fiscal Consolidation in Korea

As for the East Asian countries, the total amount of government debt in Korea has risen sharply over the following several years in the wake of the Asian financial crisis. The purpose of this paper is to assess whether the current levels of government debt are sustainable for a severely attacked country, namely, Korea. Under the intertemporal budget constraint model, the study tests for fiscal ...

Covertly Probing Underground Economy Marketplaces

Cyber-criminals around the world are using Internet-based communication channels to establish trade relationships and complete fraudulent transactions. Furthermore, they control and operate publicly accessible information channels that serve as marketplaces for the underground economy. In this work, we present a novel system for automatically monitoring these channels and their participants. Ou...

Political Economy of Fiscal Institutions

We discuss two essential problems of the political economy of public finances: The principal agent problem between voters and elected politicians and the common pool problem arising from the fact that money drawn from a general tax fund is used to pay for policies targeting more or less narrow groups in society. Three institutional mechanisms exist to deal with these problems, ex-ante rules con...