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Edited by Nigar Hashimzade and Michael A. Thornton

Written in a comprehensive yet accessible style, this Handbook introduces readers to a range of modern empirical methods with applications in microeconomics, illustrating how to use two of the most popular software packages, Stata and R, in microeconometric applications.
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Christopher Ball, John Creedy and Grant Scobie

The provision of long-term policy advice requires projections of government debt. Models have been widely produced to generate expenditures and tax revenues on the assumption that various age-specific rates and fiscal policy variables remain unchanged. As a result of population ageing, current policy settings in many countries lead to unsustainable levels of public debt. The present book is motivated by two limitations of the standard models. First, they seldom contain feedback effects arising from endogenous responses on the part of individuals and policy-makers. Second, the models seldom make an allowance for uncertainty, which creates the problem of whether, in the face of anticipated debt increases, tax rates should be increased earlier rather than delaying, and if so by how much? This book presents new modelling approaches to allow for feedbacks and uncertainty, and to analyse optimal policy. The modelling innovations can be applied to any country, but for illustrative purposes they are calibrated to examine the case of New Zealand.

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Tax Policy and Uncertainty

Modelling Debt Projections and Fiscal Sustainability

Christopher Ball, John Creedy and Grant Scobie

Presenting innovative modelling approaches to the analysis of fiscal policy and government debt, this book moves beyond previous models that have relied upon the assumption that various age-specific rates and policy variables remain unchanged when it comes to generating government expenditures and tax revenues. As a result of population ageing, current policy settings in many countries are projected to lead to unsustainable levels of public debt; Tax Policy and Uncertainty explores models that allow for feedbacks and uncertainty to combat this.
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Erik Dietzenbacher, Michael L. Lahr and Manfred Lenzen

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Erik Dietzenbacher, Michael L. Lahr and Manfred Lenzen

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Erik Dietzenbacher, Michael L. Lahr and Manfred Lenzen

The international fragmentation of current production processes has led to an explosion of trade in intermediate products, indirectly impacting jobs, income, resources, energy, and emissions. Much of what is consumed is produced via global value chains contributing to climate change via carbon dioxide emissions. The editors comprehensively present research that has advanced the state of the art in input–output analysis over the past two decades, along with an original introduction. Also provided is analysis of the complex interdependent international production structures and their links to social inequality and the environment, which has led to a demand for international input–output tables.
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Erik Dietzenbacher, Michael L. Lahr and Manfred Lenzen

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G. M.P. Swann

At the end of Chapter 12, I emphasised that the federation would contain all the existing areas of mainstream economics, including theory and econometrics. But my main objective in Part III has been to focus on the most important new sub-disciplines that we need in the federation. In principle, there could be many others. After all, there are over a hundred subdisciplines in the medical federation, most with a high degree of autonomy, even if it is fanciful to imagine an equivalent number in economics.

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G. M.P. Swann