We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … emerge. First, in all countries with the exception of Germany, capital allocation has worsened over time whereas the … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been …

benchmark parameters, we find that the US can increase tax revenues by 30% by raising labor taxes and 6% by raising capital …We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 … "constant Frisch elasticity" (CFE) preferences. We derive properties of CFE preferences. We provide new tax rate data. For …

We use changes in Brazil's tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and … externalities from capital controls on investor portfolios. The analysis is structured based on information from investor interviews …. We find that an increase in Brazil's tax on foreign investment in bonds causes investors to significantly decrease their …

-retention coefficient remains high in the 70’s but decreases considerably since the 80’s, consistently with the increased capital mobility …

capital flows to emerging markets (EMEs) and a counter-cyclical way for the US, triggering a portfolio rebalancing across … that FX or capital account policies helped countries shield themselves from these US policy spillovers, but rather that …

The causes of the 2008 collapse and subsequent surge in global capital flows remain an open and highly controversial … issue. Employing a factor model coupled with a dataset of high-frequency portfolio capital flows to 50 economies, the paper … on capital flows both in the crisis and in the recovery. However, these effects have been highly heterogeneous across …

capital outflow (including a run of deposits). The tool includes a feedback from the banking sector to the real economy … aims to: (i) test the capacity of the banking sector to withstand the sudden stop of capital flows, and to gauge the …

The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and … the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade …