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Indexation and the taxation of business and investment income

Grady, Patrick - 1984

Persistent link: https://www.econbiz.de/10000417008

Uneven treatment of family life? : horizontal equity in the U.S. tax and transfer system

Bönke, Timm; Eichfelder, Sebastian; Utz, Stephen - 2012 - Version: 11th of July 2012

We analyze the distributive justice of the combined burden of income taxes, social security taxes and public transfers on employee households in the United States on the federal level and in six member states. To investigate whether the treatment of families by the aggregate tax and transfer...

Persistent link: https://www.econbiz.de/10009580845

Vertical income tax externalities and fiscal interdependence : evidence from the US

Esteller-Moré, Alejandro; Solé-Ollé, Albert - 1999

Concurrent taxation is a feature of many federal systems. As a consequence of this fact, the tax policy of one level of government affects the tax base of the other. This paper carries out a theoretical analysis of the interdependent tax-setting decisions of federal and regional governments,...

Persistent link: https://www.econbiz.de/10013428252

Macroeconomic stability and the real interest rate : a cross-country analysis

Groth, Charlotta; Zampolli, Fabrizio - 2010

We construct a measure of the short-term world interest rate using principal component analysis. Drawing on real … interest rate data for 18 OECD countries for the period 1985 - 2008, persistent deviations from the world interest rate that … that a rise in conditional consumption growth volatility relative to the rest of the world reduces the foreign exchange …

Persistent link: https://www.econbiz.de/10008695840

The value of real assets and interest rates : is there a reliable relationship?

Griffiths, Hayden - 1993

Persistent link: https://www.econbiz.de/10000914862

Identifying time variability in stock and interest rate dependence

Stein, Michael; Islami, Mevlud; Lindemann, Jens - 2012

The correlation between stock markets and interest rates has been discussed in numerous studies in the past, with differing results in terms of strength and direction of the relationship. This paper uses models of the multivariate GARCH type which allow for time-variability and regime changes in...

Persistent link: https://www.econbiz.de/10009625556

Monetary policy implementation and overnight rate persistence

Nautz, Dieter; Scheithauer, Jan - 2010

Overnight money market rates are the predominant operational target of monetary policy. As a consequence, central banks have redesigned the implementation of monetary policy to keep the deviations of the overnight rate from the key policy rate small and short-lived. This paper uses fractional...

Persistent link: https://www.econbiz.de/10008746052

Financial repression in general equilibrium : the case of the United States, 1948-1974

Kliem, Martin; Kriwoluzky, Alexander; Müller, Gernot J.; … - 2024

Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters investment and saving decisions. We develop and estimate a...

Persistent link: https://www.econbiz.de/10014559288

What drives the short-term fluctuations of banks' exposure to interest rate risk?

Memmel, Christoph - 2019

We investigate whether banks actively manage their exposure to interest rate risk in the short run. Using bank-level data of German banks for the period 2011Q4- 2017Q2, we find evidence that banks actively manage their interest rate risk exposure in their banking books: They take account of...

Persistent link: https://www.econbiz.de/10011968696

Capital controls and covered interest parity between the yen and dollar

Ito, Takatoshi - 1983

Persistent link: https://www.econbiz.de/10003528805