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 …

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. …

banks starved for capital. In September 1995, the Mitsubishi Bank was permitted to issue a complicated convertible security …'s annualized risk-adjusted cost of capital through this instrument was between 80 and 310 basis points higher than if the bank had …