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This paper considers the Great Inflation of the 1970s in Japan and Germany. From 1975 onward these countries had low inflation relative to other large economies. Traditionally, this success is attributed to stronger discipline on the part of Japan and Germany’s monetary authorities - for...
Persistent link: https://www.econbiz.de/10005791626
The effects of Regional Trade Agreements (RTAs) are disputed. In this paper, we assess these effects using capital market data and an event-study approach, using a daily data set covering a thousand announcements spanning over eighty economies and a hundred RTAs over twenty recent years. We...
Persistent link: https://www.econbiz.de/10009293663
Given its signiÖcance in practice, piecewise linear taxation has received relatively little attention in the literature. This paper o§ers a simple and transparent analysis of its main characteristics. We fully characterize optimal tax parameters for the cases in which budget sets are convex...
Persistent link: https://www.econbiz.de/10009385840
cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …
Persistent link: https://www.econbiz.de/10008509469
In this paper we investigate if there was a causal effect of changes in current and 'permanent' income on the health of … income and health, the fixed-effects methodology additionally enables us to control for individual unobservable heterogeneity … the panel if the unhealthy are more likely to drop out of the sample. Using cross-sectional variations in income and …
Persistent link: https://www.econbiz.de/10004971382
Persistent link: https://www.econbiz.de/10004971387
There is some concern that immigration contributes to a larger current account deficit in a net borrowing country like Australia. The reason is believed to be that the immigrants on balance have a lower net saving than those born in the country.
Persistent link: https://www.econbiz.de/10004971416
Persistent link: https://www.econbiz.de/10004971418
Persistent link: https://www.econbiz.de/10004977251
This paper seeks to evaluate the findings of cross-national research on the relationship between income inequality and …
Persistent link: https://www.econbiz.de/10004977275