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Women's emancipation through education: a macroeconomic analysis

Guvenen, Fatih; Rendall, Michelle - Federal Reserve Bank of Minneapolis - 2013

women. To investigate this idea, we build and estimate an equilibrium search model with education, marriage/divorce …In this paper, we study the role of education as insurance against a bad marriage. Historically, due to disparities in … had to suffer one of two fates in a bad marriage: either they get divorced (assuming it is available) and struggle as low …

Persistent link: https://www.econbiz.de/10010702105

Tax analysis in a real business cycle model: on measuring Harberger triangles and Okun gaps

Greenwood, Jeremy; Huffman, Gregory W. - Federal Reserve Bank of Minneapolis - 1991

A tax distorted real business cycle model is parameterized, calibrated, and solved numerically in an attempt to measure the size of Harberger Triangles relative to Okun Gaps. In particular, the model constructed is used to study, quantitatively, the impact of various distortional government tax...

Persistent link: https://www.econbiz.de/10005498468

Optimality of the Friedman rule in economies with distorting taxes

Chari, V.V.; Christiano, Lawrence J.; Kehoe, Patrick J. - Federal Reserve Bank of Minneapolis - 1993

commodity taxation. We show that there is no connection between our results and the result in the standard public finance …

Persistent link: https://www.econbiz.de/10005498554

Dynamic optimal taxation with private information

Albanesi, Stefania; Sleet, Christopher - Federal Reserve Bank of Minneapolis - 2004

We study dynamic optimal taxation in a class of economies with private information. Constrained optimal allocations in …

Persistent link: https://www.econbiz.de/10005498978

Optimal capital income taxation with incomplete markets, borrowing constraints, and constant discounting

Aiyagari, S. Rao - Federal Reserve Bank of Minneapolis - 1994

For a wide class of dynamic models, Chamley (1986) has shown that the optimal capital income tax rate is zero in the long run. Lucas (1990) has argued that for the U.S. economy there is a significant welfare gain from switching to this policy. We show that for the Bewley (1986) class of models...

Persistent link: https://www.econbiz.de/10005427780

Does the progressivity of taxes matter for economic growth?

Caucutt, Elizabeth M.; Imrohoroglu, Selahattin; Kumar, … - Federal Reserve Bank of Minneapolis - 2000

A sizeable literature has argued that the growth effects of changes in flat rate taxes are small. In this paper, we investigate the relatively unexplored area of the growth effect of changes in the tax structure, in particular, in the progressivity of taxes. Considering such a tax reform seems...

Persistent link: https://www.econbiz.de/10005372780

Comment on Mendoza and Tesar's "Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU"

McGrattan, Ellen R. - Federal Reserve Bank of Minneapolis - 2004

. Of particular interest to EU ministers is taxation of mobile factors like capital. Mendoza and Tesar (MT) use a game …

Persistent link: https://www.econbiz.de/10004993830

Taxation, entrepreneurship and wealth

Cagetti, Marco; Nardi, Mariacristina De - Federal Reserve Bank of Minneapolis - 2004

effective estate tax system seems to insulate most of the businesses from the negative effects of estate taxation thus …

Persistent link: https://www.econbiz.de/10004994150

Capital taxation during the U.S. Great Depression

McGrattan, Ellen R. - Federal Reserve Bank of Minneapolis - 2010

Previous studies quantifying the effects of increased capital taxation during the U.S. Great Depression find that its …. This paper confirms that the effects are small in the case of taxation of business profits, but finds large effects in the … case of taxation of dividend income. Tax rates on dividends rose dramatically during the 1930s and, when fed into a general …

Persistent link: https://www.econbiz.de/10005004156

Modern macroeconomics in practice: how theory is shaping policy

Chari, V. V.; Kehoe, Patrick J. - Federal Reserve Bank of Minneapolis - 2006

Theoretical advances in macroeconomics made in the last three decades have had a major influence on macroeconomic policy analysis. Moreover, over the last several decades, the United States and other countries have undertaken a variety of policy changes that are precisely what macroeconomic...

Persistent link: https://www.econbiz.de/10005712300