Similar Search Results

Taxes, regulations, and the value of U.S. and U.K. corporations

McGrattan, Ellen R.; Prescott, Edward C. - Federal Reserve Bank of Minneapolis - 2005

We derive the quantitative implications of growth theory for U.S. corporate equity plus net debt over the period 1960–2001. There were large secular movements in corporate equity values relative to GDP, with dramatic declines in the 1970s and dramatic increases starting in the 1980s and...

Persistent link: https://www.econbiz.de/10005498584

Temptation and self-control: some evidence and applications

Huang, Kevin X. D.; Liu, Zheng; Zhu, Qi - Federal Reserve Bank of Minneapolis - 2006

implications of this class of preferences on equity premium and on the welfare cost of business cycles. …

Persistent link: https://www.econbiz.de/10005367653

On the political economy of income redistribution and crime

Imrohoroglu, Ayse; Merlo, Antonio; Rupert, Peter - Federal Reserve Bank of Minneapolis - 1996

We study a one-sector growth model which is standard except for the presence of an externality in the production function. The set of competitive equilibria is large. It includes constant equilibria, sunspot equilibria, cyclical and chaotic equilibria, and equilibria with deterministic or...

Persistent link: https://www.econbiz.de/10005367729

The impact of welfare work registration rules on labor market data

Bryant, John - Federal Reserve Bank of Minneapolis - 1977

Persistent link: https://www.econbiz.de/10005367757

Inflation, output and welfare

Lagos, Ricardo; Rocheteau, Guillaume - Federal Reserve Bank of Minneapolis - 2004

This paper studies the effects of anticipated inflation on aggregate output and welfare within a search … welfare. If prices are posted and buyers can direct their search, search intensities are increasing with inflation for low … always reduces welfare even though it can have a positive effect on output for low inflation rates. …

Persistent link: https://www.econbiz.de/10005367770

Transaction services, inflation, and welfare

Aiyagari, S. Rao; Braun, R. Anton; Eckstein, Zvi - Federal Reserve Bank of Minneapolis - 1998

welfare cost measured using an estimated money demand schedule. Second, we provide welfare cost of inflation estimates that …

Persistent link: https://www.econbiz.de/10005498467

Portfolio autarky: a welfare analysis

Kareken, John H.; Wallace, Neil - Federal Reserve Bank of Minneapolis - 1976

Portfolio autarky obtains when residents of every country are prohibited from owning real assets located in other countries. Such a regime and a laissez-faire regime, both characterized by free trade in goods, are studied in a model whose resource and technology assumptions are those of the...

Persistent link: https://www.econbiz.de/10005498492

A discussion of Cooley and Hansen's "welfare costs of moderate inflations."

Wright, Randall - Federal Reserve Bank of Minneapolis - 1991

their paper “The Welfare Costs of Moderate Inflations.” Basic issues concerning the costs and consequences of inflation are …

Persistent link: https://www.econbiz.de/10005498493

The social discount rate

Caplin, Andrew; Leahy, John - Federal Reserve Bank of Minneapolis - 2001

In welfare theory it is standard to pick the consumption stream that maximizes the welfare of the representative agent …

Persistent link: https://www.econbiz.de/10005498970

Optimal Tax Progressivity: An Analytical Framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - Federal Reserve Bank of Minneapolis - 2014

-offs. The analytical expressions we derive for social welfare deliver a transparent understanding of how preferences, technology …

Persistent link: https://www.econbiz.de/10010739537