This paper describes the stylized facts characterizing periods of exceptionally large capital inflows in a sample of 70 … middle- and high-income countries over the last 35 years. We identify 155 episodes of large capital inflows and find that … capital inflows capital and labor shift out of the manufacturing sector, especially if the inflows begin during a period of …

A cash-in-advance constraint on consumption is incorporated into a standard model of consumption and capital …

capital as a function of its debt/equity ratio. Domestic and foreign investment will be interdependent, since, in competing … for finance, each affects the cost of capital in the other location. Production interactions can arise when, because of …

This paper provides direct measures of the international mobility of long-term financial capital using interest … evidence, discussed below, indicates that long-term financial capital is as mobile across these markets as is short …-term capital. This appears to be the case both within the Euromarkets and across political jurisdictions. …

Previous literature demonstrates that in a computational life cycle model the optimal tax on capital is positive and … model that generates a large optimal tax on capital similar to the model in Conesa et al. (2009). First, the utility … his lifetime. Second, the government is allowed to tax accidental bequests at a separate rate from ordinary capital income …

This paper considers the impact of endogenous human capital accumulation on optimal tax policy in a life cycle model …. Including endogenous human capital accumulation, either through learning-by-doing or learning-or-doing, is analytically shown to …, then it is optimal to use a tax on capital in order to mimic such taxes. Quantitatively, introducing learning-by-doing or …