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Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances
Gruss, Bertrand - 2012
In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the medium-term. We find that failing to address the fiscal imbalances associated with current federal fiscal...
Persistent link: https://www.econbiz.de/10014396892
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Measurement of aggregate trade restrictions and their economic effects
Estefania-Flores, Julia; Furceri, Davide; Ahmed Hannan, … - 2022
We develop a new Measure of Aggregate Trade Restrictions (MATR) using data from the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is an empirical measure of how restrictive official government policy is towards the international flow of goods and services. MATR is...
Persistent link: https://www.econbiz.de/10013170594
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Canada's carbon price floor
Parry, Ian W. H.; Mylonas, Victor - 2018
Canada in 2018, with increasing stringency over time to reduce emissions. Canadian provinces and territories have the … price by itself appears well short of what will be needed by 2030 for Canada's Paris Agreement pledge …
Persistent link: https://www.econbiz.de/10011809545
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Protection for Free? : The Political Economy of U.S. Tariff suspensions
Mishra, Prachi - 2010
This paper studies the political influence of individual firms on Congressional decisions to suspend tariffs on U.S. imports of intermediate goods. We develop a model in which firms influence the government by transmitting information about the value of protection, via costless messages...
Persistent link: https://www.econbiz.de/10014397364
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The Impact of the Global Crisison Canada : What Do Macro-Financial Linkages Tell Us?
Duttagupta, Rupa - 2010
This paper builds a Bayesian VAR estimation model of growth for Canada, by focusing specifically on the role of … conditions explain one-third of the total variability in Canada''s real GDP growth, although changes in U.S. real GDP growth …''s impulse responses shows that U.S. real GDP growth and lending standards will increasingly bear on Canada''s growth, implying …
Persistent link: https://www.econbiz.de/10014402887
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Empirical Modeling of Contagion : A Review of Methodologies
Dungey, Mardi - 2004
The existing literature suggests a number of alternative methods to test for the presence of contagion during financial market crises. This paper reviews those methods and shows how they are related in a unified framework. A number of extensions are also suggested that allow for multivariate...
Persistent link: https://www.econbiz.de/10014401432
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Mortality and Lifetime Income : Evidence From U.S. Social Security Records
Greenlees, John S. - 2007
Studies of the empirical relationship between income and mortality often rely on data aggregated by geographic areas and broad population groups and do not distinguish disabled and nondisabled persons. We investigate the relationship between individual mortality and lifetime income with a large...
Persistent link: https://www.econbiz.de/10014400785
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The Trade and Welfare Consequences of U.S. Export-Enhancing Tax Provisions
Tokarick, Stephen - 1994
The U.S. tax code contains two provisions that encourage exports by reducing the U.S. corporate income tax on export profits. An applied general equilibrium model of the U.S. economy is used to estimate the trade and welfare consequences of eliminating both tax provisions. We find that the...
Persistent link: https://www.econbiz.de/10014398442
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Shock from graying : is the demographic shift weakening monetary policy effectiveness
Imam, Patrick - 2013
effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …
Persistent link: https://www.econbiz.de/10012667511
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Shocks, financial dependence, and efficiency : evidence from U.S. and Canadian industries
Estevão, Marcelo M.; Severo, Tiago - 2011
Persistent link: https://www.econbiz.de/10009423208