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Croce, Mariano (Max) Massimiliano - 2020

government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey … problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …. We characterize the shadow value of growth and entry in the innovation sector. We find that a profit tax is required to …

Persistent link: https://www.econbiz.de/10012853215

Pandemic-Era Uncertainty on Main Street and Wall Street

Meyer, Brent; Mihaylov, Emil; Davis, Steven J.; Parker, … - 2021

We draw on the monthly Survey of Business Uncertainty (SBU) to make three observations about pandemic-era uncertainty in the U.S. economy. First, equity market traders and executives of nonfinancial firms share similar assessments about uncertainty at one-year lookahead horizons. That is, the...

Persistent link: https://www.econbiz.de/10013232562

Surveying Business Uncertainty

Altig, David - 2020

We develop a new monthly panel survey of business executives and a new question design that elicits subjective probability distributions over own-firm outcomes at a one-year lookahead horizon. Our Survey of Business Uncertainty (SBU) began in 2014 and now covers 1,500 firms drawn from all 50...

Persistent link: https://www.econbiz.de/10012848851