The book A Tax Based Test for Nominal Rigidities was written by author James M Poterba Here you can read free online of A Tax Based Test for Nominal Rigidities book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is A Tax Based Test for Nominal Rigidities a good or bad book?
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We adopted still another procedure for identifying tax changes in the British data, by studying the response of prices, wages, and output to dummy variables which correspond to large tax reforms. Although this technique does not use all the infonnation we have about the nature of these tax reforms, it avoids the problems of spurious correlation which may contaminate our other results. III. A. The United Kingdom Direct taxes in the United Kingdom consist of personal income taxes and surtaxes, an...d employee's national insurance contributions. Indirect taxes include a variety of different levies: Purchase Tax (prior to 1972), Value Added Tax, stamp, customs, alcohol, and tobacco duties, car tax, as well as employers contributions for National Insurance and Selective EJnployment Tax. Data on tax receipts were obtained from Financial Statistics and unpublished tabulations provided by the Central Statistical Office. A detailed data description is available from the authors on request. The resulting shares of direct and indirect taxes in GDP are shown in Table 1.
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