The performance of tax receipts in Italy during the period 1978-2006 is analysed through the relationship between the growth of revenue and the evolution of the macroeconomic framework. Series of actual tax receipts are adjusted to take account of discretionary measures, transformed into implicit tax rates, and then broken down into the structural components. A regression analysis of the trend ...

A judgement aggregation rule takes the views of a collection of voters over a set of interconected issues, and yields a logically consistent collective view. The median rule is a judgement aggregation rule that selects the logically consistent view which minimizes the average distance to the views of the voters (where the “distance” between two views is the number of issues on which they disagr...

This article derives optimal fiscal rules within a stochastic model of Keynesian type in the context of Poole (1970) analysis. By using optimal control theory and applying the Hamilton-Jacoby-Bellman equation, we extend the original Poole results concerning the output stabilization properties of monetary policy to the case of fiscal policy. In particular, we look for the optimal setting of gove...

Labour Use and Its Adjustment in Indian Manufacturing Industries This study provides an empirical investigation of the adjustment process of labour in Indian manufacturing industries, which evolved through structural transformation in the era of globalization. The analysis is based on a dynamic model applied to a panel of 22 two-digit manufacturing industries for the time period of 22 years cov...

We analyze the contracting structure in a moral hazard setting with several agents where output is produced jointly and is the only contractible variable. Since the salary of each agent is a function of all agents efforts, a positive externality arises between them. This externality is not internalised by a centralised structure where the principal contracts directly with each agent. Instead, w...

Article history: Received 21 April 2008 Received in revised form 13 May 2009 Accepted 14 May 2009 Available online 27 May 2009 This paper assumes that the decision makers of OPEC (or at least of its core members) are interested in both profits and political payoffs (support, popularity, being a hero of the Arab or Islamic street, etc.). The oil weapon, i.e. a reduction of output is the most pow...

Asteroseismology of the planet-hosting star µ Arae. II. Seismic analysis. Abstract. As most exoplanets host stars, HD 160691 (alias µ Ara) presents a metallicity excess in its spectrum compared to stars without detected planets. This excess may be primordial, in which case the star would be completely over-metallic, or it may be due to accretion in the early phases of planetary formation, in wh...

An identity links the rate of economic growth, the speed of poverty reduction and changes in the distribution of income during some time period in a given country. A few authors used that identity to understand the causes for observed changes in poverty and to identify the exact role of economic growth in poverty reduction. Yet, many empirical cross-country studies of the relationship between g...

The objectives of paper are to highlight mainly the marketing analysis and demand as well profit Badi making involving Women workers in Keonjhar district Odisha. study is based on primary data collected from 200 Self Help Groups badi respondents five selected areas. KEYWORDS: Badi, Marketing, Entrepreneurs, Women, Group. JEL Classification: - O

The authors assess the stabilization properties of simple monetary policy rules within the context of a small open-economy model constructed around the limited-participation assumption and calibrated to salient features of the Canadian economy. By relying on limited participation as the main nominal friction that affects the artificial economy, the authors provide an important check of the robu...