dc.contributor.author |
Gupta, Rangan
|
|
dc.contributor.author |
Ziramba, Emmanuel
|
|
dc.date.accessioned |
2011-04-05T06:53:11Z |
|
dc.date.available |
2011-04-05T06:53:11Z |
|
dc.date.issued |
2010-05 |
|
dc.description.abstract |
Using an overlapping generations monetary endogenous growth model, we analyze the possible misalignment in the growth-maximizing policies if tax evasion is assumed to be exogenous instead of being treated as a behavioral decision of the agents. By allowing for government transfers to affect young-age income, and, hence, a role for monetary policy, besides fiscal policy, in the determination of the agents reported income, we show that the failure on part of the government to realize tax evasion as endogenous, results in higher tax rates, reserve requirements and money growth rate. This, in turn, implies that the economy would end up experiencing lower (higher) steady-state growth (inflation). |
en |
dc.identifier.citation |
Gupta, R & Ziramba, E 2010, 'Misalignment in the growth-maximizing policies under alternative assumptions of tax evasion', Journal of Applied Business Research, vol. 26, no 3, pp. 69-79. [http://www.cluteinstitute.com/JABRMain.htm] |
en |
dc.identifier.issn |
0892-7626 (print) |
|
dc.identifier.issn |
2157-8834 (online) |
|
dc.identifier.uri |
http://hdl.handle.net/2263/16207 |
|
dc.language.iso |
en |
en_US |
dc.publisher |
Clute Institute for Academic Research |
en_US |
dc.rights |
Clute Institute for Academic Research |
en_US |
dc.subject |
Monetary overlapping generations model |
en |
dc.subject |
Growth-maximizing policies |
en |
dc.subject.lcsh |
Tax evasion |
en |
dc.subject.lcsh |
Monetary policy -- Mathematical models |
en |
dc.subject.lcsh |
Endogenous growth (Economics) -- Mathematical models |
en |
dc.subject.lcsh |
Economic development -- Mathematical models |
en |
dc.title |
Misalignment in the growth-maximizing policies under alternative assumptions of tax evasion |
en |
dc.type |
Article |
en |