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Policymakers often use measures of tax incidence (generational accounts) as criteria for policy selection. We use a quantitative model of optimal intergenerational policy to evaluate the ability of the tax incidence metric to capture the identity of recipients and contributors and the magnitudes...
Persistent link: https://www.econbiz.de/10010640522
May 30, 2012. "Demographics, Redistribution, and Optimal Inflation," with Carlos Garriga and Christopher J. Waller. Presented by Christopher Waller at the 2012 BOJ-IMES Conference Demographic Changes and Macroeconomic Performance.
Persistent link: https://www.econbiz.de/10010727313
(stronger) effect of monetary policy on investment through the Tobin’s q effect is, the stronger (weaker) monetary effect on … consumption through the wealth effect. Third, from the perspective of macroeconomic stability, the soundness of asset market …
Persistent link: https://www.econbiz.de/10005126230
cyclical fluctuations in inflation and nominal interest rates. …
Persistent link: https://www.econbiz.de/10011027315
effect of monetary policy (on consumption) is negatively correlated with Tobin’s q effect (on investment), which positively … depends on investment elasticity; and (3) the soundness of asset market performances does not depend on whether they are …
Persistent link: https://www.econbiz.de/10005561161