efficiency

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Browse all works related to efficiency.

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It is often argued that monetary instability reduces the informational content of market signals and thereby hinders the efficient allocation of investment. Essay I, uses a signal extraction framework to give empirical content to this idea. In particular, we show why this framew…

This thesis consists of three papers. The first one investigates and compares both current and proposed Indonesian income tax structures from the efficiency point of view, whereas in the former, earned income is taxed with different rates and interest income is taxed uniformly, …