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Administrative tax data indicate that U.S. top income and wealth shares are substantial and increasing rapidly (Piketty and Saez 2003, Saez and Zucman 2014). A key reason for using administrative data to measure top shares is to overcome the under-representation of families at the very top that...
Persistent link: https://www.econbiz.de/10011273695
Because policymakers may consider the state of the economy when setting taxes, endogeneity bias can arise in regression models that estimate relationships between economic variables and taxes. This paper quantifies the policy endogeneity bias and estimates the impact of R&D tax incentives on R&D...
Persistent link: https://www.econbiz.de/10011095295
Mexico, Chile, and Israel. Credit from the banking sector to the private sector expanded very rapidly following the … that the most important channels for the expansion in credit to consumers in Mexico are the rapid remonetization of the … banks. For Chile, the most important channel is the remonetization of the economy, whereas in Israel, it is the crowding in …
Persistent link: https://www.econbiz.de/10005498855
anchored than in Chile and Mexico. …In this paper, we consider whether long-term inflation expectations have become better anchored in Brazil, Chile, and … Mexico. We do so using survey-based measures as well as financial market-based measures of long-term inflation expectations …
Persistent link: https://www.econbiz.de/10010784200
During the 2007-2009 housing crisis, concentrations of foreclosed and vacant properties created severe blight in many cities and neighborhoods. The federal Neighborhood Stabilization Program (NSP) was established to help mitigate distress in hard-hit areas by funding the rehabilitation or...
Persistent link: https://www.econbiz.de/10011261281
nation's situation only if such a reform increases domestic saving. In this paper I use evidence from Chile, where social …
Persistent link: https://www.econbiz.de/10005513036
This paper claims that the roots of Mexico's balance-of-payments crisis are found in the prevailing high degree of … sustainability of currency pegs. Econometric analysis suggests that 1/2 of Mexico's reserve losses could be accounted for by these …
Persistent link: https://www.econbiz.de/10005368138
manufacturing affiliates of U.S. multinationals in Argentina, Brazil, and Mexico. The results of these tests show that the …
Persistent link: https://www.econbiz.de/10005368143
-improving. The model's potential empirical relevance is examined further by reviewing Mexico's post-war experience with the collapse …
Persistent link: https://www.econbiz.de/10005368223
, particularly to bank loans, can have real effects. This paper presents new evidence on the credit hypothesis for the case of Mexico …
Persistent link: https://www.econbiz.de/10005368314