... increased. Since 1990, however, the government has, despite vociferous opposition from the industry, embarked on a stronger programme of tobacco control and has increased excise taxes in real terms. Uses a simulation model of the government’s non‐optimal tax policy to show that revenue could have increased...

...Rodney Schmidt Controls on short‐term capital inflows or panic‐driven capital outflows may benefit emerging markets that have fragile financial sectors and adjustable‐peg currency regimes. However, the controls seen so far are relatively easy to evade, often complex and obscure, and supported...

...Geoffrey Reed As deregulation takes place in the UK, rent tribunals are confronted with the problem of setting a “market rent” for previously controlled property. A simple partial equilibrium model of a sector of the rented accommodation market is used to examine the question of setting a “market...