کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
965846 | 930896 | 2011 | 14 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Optimal monetary and audit policy with imperfect taxation
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
We study optimal monetary and fiscal policy in the presence of informal activities and tax evasion in a cash-and-credit model where identical households are audited to determine their compliance with the tax code. Taxation of informal labor is imperfect, but the government has tools to deal with informal activities and can choose them optimally to reduce fiscal distortions. We characterize both the optimal monetary (optimal interest rate) and fiscal policy (optimal income tax, evasion penalty and audit probability). When auditing is costless, a nominal interest rate equal to zero is optimal and attained when all agents are audited and both types of labor are taxed at the same rate. In the presence of auditing costs, the optimal audit policy does not follow the Friedman rule, and we report the welfare costs of implementing this monetary policy prescription. We derive conditions under which the Friedman rule can be recovered in an economy with informal activities.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Macroeconomics - Volume 33, Issue 2, June 2011, Pages 327-340
Journal: Journal of Macroeconomics - Volume 33, Issue 2, June 2011, Pages 327-340
نویسندگان
Marcelo Arbex, Nurlan Turdaliev,