Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. In macroeconomics, ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. General equilibrium theory, or Walrasian ...

This paper examines the Laffer argument (i. e., the possibility that an increase in a tax rate may reduce tax revenues, and vice versa) in a general equilibrium model and using tax reform techniques.

This paper argues that the generally shared interpretation of what can be labelled 'Smithian Newtonianism' is spurious on two counts. I suggest not only that Smith was not a Newtonian in the sense ...

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation The paper presents a simple supply side, general equilibrium model to estimate the macroeconomic effects of labor tax cuts.