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The optimal mix of taxes on money, consumption and income

Fiore, Fiorella De; Teles, Pedro - Federal Reserve Bank of Chicago - 2002

We determine the optimal combination of taxes on money, consumption and income in transactions technology models where …, regardless of whether the government can use as alternative fiscal instruments an income tax, a consumption tax, or the two taxes …

Persistent link: https://www.econbiz.de/10005520033

Imperfect information and the permanent income hypothesis

Banerjee, Abhijit V.; Kuttner, Kenneth N. - Federal Reserve Bank of Chicago - 1988

Persistent link: https://www.econbiz.de/10005724225

Comments on a credit market turmoil: causes, consequences, and cures

Price, Joe L. - Federal Reserve Bank of Chicago - 2008

Persistent link: https://www.econbiz.de/10010723621

Hedging bank liquidity risk

Gatev, Evan; Schuermann, Til; Strahan, Philip E. - Federal Reserve Bank of Chicago - 2006

Liquidity risk in banking has been attributed to transactions deposits and their potential to spark runs or panics. We show instead that transactions deposits help banks hedge liquidity risk from unused loan commitments. Bank stock-return volatility increases with unused commitments, but the...

Persistent link: https://www.econbiz.de/10010723628