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Using data from the Health and Retirement Study (HRS), we make two contributions to the literature on end-of-life transfers. First, we show that unequal bequests are much more common than generally recognized, with one-third of parents with wills planning to divide their estates unequally among...
Persistent link: https://www.econbiz.de/10011165653
exchange as motives to transfer. The model makes predictions about the correlations between misperceptions and transfers under … or an exchange motive with the recipient holding all the bargaining power. …
Persistent link: https://www.econbiz.de/10011084616
. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyse the effects on inflation …
Persistent link: https://www.econbiz.de/10005791282
original Meese-Rogoff sample and methodology. Just as Meese and Rogoff found for the case of exchange rates, we find that a …, aggregate stock prices seem to be as difficult to model empirically as exchange rates. …
Persistent link: https://www.econbiz.de/10005124429
. These countries place few restrictions on capital mobility and allow their exchange rates to float. The domestic focus of … monetary policy in these countries does not have any obvious international cost. Inflation targeters have lower exchange rate …
Persistent link: https://www.econbiz.de/10005497858
This Paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces of natural selection are made weaker because trade allows people to specialize in those activities where they are strong, and to offset their weaknesses by purchasing adequate...
Persistent link: https://www.econbiz.de/10005504779
The Byrd amendment to US anti-dumping law distributes the revenue from anti-dumping duties imposed on foreign firms to … market share of the domestic industry exceeds 50%, which applies in most US anti-dumping cases. … the domestic firms that lodged the complaint of dumping. This Paper shows that the presence of the Byrd Amendment can …
Persistent link: https://www.econbiz.de/10005136749
This Paper examines recent theoretical developments in the theory of coalition stability. It focuses on the …
Persistent link: https://www.econbiz.de/10005791385
stability under learning. Appropriately designed expectations-based rules can yield optimal rational expectations equilibria …
Persistent link: https://www.econbiz.de/10005791392
. When there are multiple steady states, stability is a criterion for selecting predictions of long-run outcomes among them …. The purpose of this Paper is to study how sensitive stability is to certain details of the expectations rules, in a simple …, learning rules with vanishing gain, and OLS learning, and also relate these to expectational stability. One finding is that two …
Persistent link: https://www.econbiz.de/10005791468