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We review the changes in modelling strategy and econometric methodology when estimating a firm-level investment … correction, traditional between- and within-firm estimation versus GMM estimation, the investment behavior of French firms versus … that of U.S. firms, and investment behavior today versus ten to twenty years ago. Although the econometric advances have …
Persistent link: https://www.econbiz.de/10005408002
causal relationship among sales and cash flow on the one hand and investment and R&D on the other, using three large panels … investment and R&D are more highly sensitive to cash flow and sales in the United States than in France and Japan. Corresponding …, both investment and R&D predict both cash flow and sales positively in the United States, while the impact is somewhat more …
Persistent link: https://www.econbiz.de/10005413030
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
cyclical fluctuations in inflation and nominal interest rates. …
Persistent link: https://www.econbiz.de/10011027315