Asymmetric Information, Tax Evasion and Alternative Instruments of Government Revenue

Preprint OPEN
Rangan Gupta;
  • Subject: Tax evasion; Information Asymmetry in Financial Markets
    • jel: jel:E63 | jel:E26

Using a pure-exchange overlapping generations model, characterized with tax evasion and information asymmetry between the government (the social planner) and the financial intermediaries, we try and seek for the optimal tax and seigniorage plans, derived from the welfar... View more
  • References (10)

    [1] Basu, Parantap. (2001), \Reserve Ratio, Seigniorage and Growth". Journal of Macroeconomics, 23, N0. 3, Summer. pp. 397{416.

    [2] Cuikerman, Alex., Sebastian, Edwards., and Tabellini, Guido. (1992), \Seigniorage and Political Instability". American Economic Review, 82, No.3, June. pp. 537{555.

    [3] Demirg u_c»-Kunt, Ash., and Sobaci, Tolga. (2001), \Deposit Insurance Around the World: A Database". World Bank Economic Review, 15, No. 3, pp. 481{490.

    [4]) Demirg u_c»-Kunt, Ash., and Detragiache, Enrica. (2001), \Financial Liberalization and Financial Fragility". In Financial Liberalization { How far, How Fast?. Edited by Caprio, Gerard., Honohan, Patrick,. and Stiglitz, E. Joseph. Cambridge University Press, Massachusetts.

    [5] Giovanni, A., and De Melo, M. (1993), \Government Revenue from Financial Repression". American Economic Review, 83, No. 4, September. pp. 953{963.

    [6] Gupta, Rangan. (2005), \Essays On Financial Repression". Ph.D Dissertation , University of Connecticut.

    [7] Gray, A, J., and Wu, Y. (1995), \On Equilibrium Credit Rationing and Interest Rates". Journal of Macroeconomics, 17, No. 3, Summer. pp. 405{420.

    [8] Roubini, Nouriel., and Sala-i-Martin, Xavier. (1995), \A Growth Model of In°ation, Tax Evasion, and Financial Repression". Journal of Monetary Economics. 35, No. 2, November. pp. 275{301.

    [9] Schneider, Friedrich., and Klinglmair, Robert. (2004), \Shadow Economies around the World: What Do We Know". IZA Discussion Papers, 1043.

    [10] Stiglitz, Joseph., and Weiss, Andrew. (1981), \Credit Rationing in Markets with Imperfect Information", American Economic Review, 71, no. 3, June. pp. 393{410.

  • Metrics
Share - Bookmark