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-shifting channel, we find that fund investors in countries with decreased real interest rates shift their portfolio investment out of … investment home bias is the strongest. …
Persistent link: https://www.econbiz.de/10010413745
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utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …
Persistent link: https://www.econbiz.de/10010515458
privatization effects on savings in Eastern Europe, with limited evidence of positive savings effects in Latin America. These …
Persistent link: https://www.econbiz.de/10011536201
In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...
Persistent link: https://www.econbiz.de/10003120614
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation … savings. However, this result has to be interpreted with caution since the available data is scarce and not always conclusive …. -- savings taxation ; withholding tax ; information exchange ; European Union …
Persistent link: https://www.econbiz.de/10003861869
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The paper develops a unified general equilibrium model including savings with overlapping generations, investment and …
Persistent link: https://www.econbiz.de/10009781622
frameworks to study investment pathways consistent with a net zero industry transformation. We find that a mix of measures … investment efforts needed for a green transition of the analyzed sectors1 amount to EUR2.7trn until 2050 of which 8% or EUR210bn … reduction for the European industrial sector is estimated at 265 MtCO2 (-92%), which yields an average abatement investment of …
Persistent link: https://www.econbiz.de/10014295121