Optimal policy analysis in a macro-focused union : a quantitative assessment

• Main Authors: Sinthavy, Anoulat, Chen, Jia Jun, Teng, Kah Seng
• Other Authors: Tang Yang
• Format: Final Year Project
• Language: English
• Published: 2016
• Subjects: DRNTU::Social sciences::Economic theory::Macroeconomics
• Online Access: http://hdl.handle.net/10356/66693
• Institution: Nanyang Technological University

There is very little theoretical study that focuses on “Macro-based” union. In an economy with “Macro-focused” union, what is the optimal level of taxation rate and union member fee such that the social welfare is maximized? To address these questions, we develop a tractable general equilibrium f...