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Uninsurable Investment Risks and Capital Income Taxation
Meh, Césaire A.; Terajima, Yaz - Bank of Canada - 2009
This paper studies the capital accumulation and welfare implications of reducing capital income taxation in a general equilibrium economy with uninsurable investment risks. It has been shown that, with uninsurable investment risks, under-accumulation of capital may result compared to the...
Persistent link: https://www.econbiz.de/10005808306
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Household Debt, Assets, and Income in Canada: A Microdata Study
Meh, Césaire A.; Terajima, Yaz; Chen, David Xiao; … - Bank of Canada - 2009
The authors use microdata from the 1999 and 2005 Surveys of Financial Security to identify changes in household debt, and discuss their potential implications for monetary policy and financial stability. They document an increase in the debt-income ratio, which rose from 0.75 to 0.95, on...
Persistent link: https://www.econbiz.de/10005004435
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Firm Size and Productivity
Leung, Danny; Meh, Césaire; Terajima, Yaz - Bank of Canada - 2008
This paper examines the relationship between firm size and productivity. In contrast to previous studies, this paper …, the aggregate importance of the firm size-productivity relationship is gauged by calculating to what extent shifts in the … distribution of employment over firm size categories has affected Canadian aggregate productivity, and whether differences in the …
Persistent link: https://www.econbiz.de/10005162435