Showing 1 - 10 of 43
Modern neo-Keynesian, new classical, and real business cycle models typically differ in the degree to which they incorporate long-run or short-run neutrality propositions. Despite their importance, little firm international evidence on the validity of these neutrality hypotheses is available to...
Persistent link: https://www.econbiz.de/10005666523
Historical estimates of the Fisher effect and the informational content in the yield curve may not be relevant after a change in monetary policy. This paper uses a small dynamic rational expectations model with staggered price setting to study how central bank preferences (and thereby monetary...
Persistent link: https://www.econbiz.de/10005497757
to taxes. …
Persistent link: https://www.econbiz.de/10005082544
This paper systematically examines the role of fiscal policy, trade and energy taxes on environmental quality in Europe … policies and energy taxes are effective in reducing the concentration of certain pollutants through different mechanisms. We … of ozone, perhaps the most difficult to control pollutant. Finally, energy taxes appear to have an important effect in …
Persistent link: https://www.econbiz.de/10009278172
an entrepreneurial sector, the Paper investigates the effects of taxes on the equilibrium level of entrepreneurship and … managerial advice. It considers differential wage and capital income taxes, a comprehensive income tax, incomplete loss offset …
Persistent link: https://www.econbiz.de/10005666436
instruments, but is, to a limited extent, predicted by oil prices and the share of taxes in GDP. This suggests that our …
Persistent link: https://www.econbiz.de/10005666561
with models in which government employment creates wage pressure for the private sector. Various types of taxes also have … taxes. Our results have important implications for the so called ``non-Keynesian'' (i.e. expansionary) effects of fiscal …
Persistent link: https://www.econbiz.de/10005791207
the outcome of a merger. Headquarters relocate to metropolitan areas with good airport facilities, low corporate taxes …
Persistent link: https://www.econbiz.de/10005791881
The high labor supply elasticity in an indivisible-labor model with employment lotteries emerges also without lotteries when individuals must instead choose career lengths. The more elastic are earnings to accumulated working time, the longer is a worker's career. Negative (positive)...
Persistent link: https://www.econbiz.de/10008468641
The paper presents evidence of an upward ratchet in transfers and taxes in the U.S. around World-War II. This finding …
Persistent link: https://www.econbiz.de/10008477176