Showing 1 - 9 of 9
This paper was prepared for a session of the 2009 American Economic Association meeting devoted to examining the views of American economists about the euro and the European Economic and Monetary Union on the tenth anniversary of the euro. I had written an article in 1992 in the Economist and...
Persistent link: https://www.econbiz.de/10012757919
technology of private investment. Government policies that discourage saving might make the Schumpeterian vision of a shift from …
Persistent link: https://www.econbiz.de/10013118689
increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the … post-OPEC period 1974-79 imply that each extra dollar of domestic saving increases domestic investment by approximately 85 … flows than to their short-run behavior. Coefficient estimates based on annual variations in savings and investment are …
Persistent link: https://www.econbiz.de/10013217227
In a 1974 paper in the Journal of Political Economy I discussed the theoretical ambiguity of the effect of social security on private saving and presented statistical evidence that social security does on balance depress saving. Recently, an error was detected in the computer program that was...
Persistent link: https://www.econbiz.de/10013217619
This paper presents econometric evidence on the effect of tax incentives on business Investment in the United States in … contributed substantially to the decline of business investment since the late 1960's.Because the investment process is far too … complex for any simple econometric model to be convincing, I have estimated three quite different models of investment …
Persistent link: https://www.econbiz.de/10013249392
The evidence presented in this study confirms that tax-induced changes in the profitability of investment have had a … powerful effect on the share of GNP devoted to nonresidential fixed investment. More specifically, we have reestimated two … models of aggregate investment initially presented in Feldstein, "Inflation, Tax Rules and Investment: Some Econometric …
Persistent link: https://www.econbiz.de/10013249576
international capital flows or, equivalently, between domestic saving rates and domestic investment. The basic conclusion of the … present analysis is that an increase in domestic saving has a substantial effect on the level of domestic investment although … no support for the view that the estimated saving-investment relation reflects a spurious impact of an omitted economic …
Persistent link: https://www.econbiz.de/10013245725
consumption or investment. In this way, aggregate demand would be maintained by substituting public consumption for private …
Persistent link: https://www.econbiz.de/10014135796
cashflow corporate tax (with complete expensing of investment and no deduction for interest payments) as a way of remedying …
Persistent link: https://www.econbiz.de/10014075328