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On the Measurement of Horizontal Inequity
Lambert, Peter J. - 1995
This paper makes a new attack on the old problem of measuring horizontal inequity in the income tax. Local measures of inequality of posttax income among pretax equals are proposed, which reflect alternative value judgments about the nature and magnitude of an inequity. These measures are...
Persistent link: https://www.econbiz.de/10014398202
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Price Imputation and Other Techniques for Dealing with Missing Observations, Seasonality and Quality Change in Price Indices
Armknecht, Paul A. - 1999
Price index compilers frequently face situations where price observations are missing due to seasonal unavailability … indices. This paper presents statistical imputation techniques that index compilers can use to prevent bias and suggests the …
Persistent link: https://www.econbiz.de/10014400856
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A New Index of Currency Mismatch and Systemic Risk
Ranciere, Romain - 2010
This paper constructs a new measure of currency mismatch in the banking sector that controls for bank lending to unhedged borrowers. This measure explicitly takes into account the indirect exchange rate risk that banks undertake when they lend to borrowers that will not be able to repay in the...
Persistent link: https://www.econbiz.de/10014402704
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An Index Number Formula Problem : The Aggregation of Broadly Comparable items
Silver, Mick - 2009
Index number theory informs us that if data on matched prices and quantities are available, a superlative index number … formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give … as to why such formulas differ and proposes a solution to this index number problem …
Persistent link: https://www.econbiz.de/10014404313
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Corruption, Public Investment, and Growth
Tanzi, Vito - 1997
Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i)...
Persistent link: https://www.econbiz.de/10014401205
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Index Number Biases During Price Liberalization
Osband, Kent - 1991
When a formerly centrally-planned economy frees prices and allows or compels producers to respond to market signals, conventional measures tend to severely overstate short–run output decline and inflation. In part the overstatement stems from neglect of private sector activity, or from belated...
Persistent link: https://www.econbiz.de/10014398096
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Lucas vs. Lucas : On Inequality and Growth
Cordoba, Juan Carlos - 2007
Lucas (2004) asserts that ""Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution. The potential for improving the lives of poor people by finding different ways of distributing current production...
Persistent link: https://www.econbiz.de/10014400357
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Fair Weather or Foul? : The Macroeconomic Effects of El Niño
Cashin, Paul - 2015
This paper employs a dynamic multi-country framework to analyze the international macroeconomic transmission of El Niño weather shocks. This framework comprises 21 country/region-specific models, estimated over the period 1979Q2 to 2013Q1, and accounts for not only direct exposures of countries...
Persistent link: https://www.econbiz.de/10014412120
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Social versus individual work preferences : implications for optimal income taxation
An, Zhiyong; Coady, David P. - 2022
Persistent link: https://www.econbiz.de/10013169902
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Are elasticities of taxable income rising?
Klemm, Alexander; Liu, Li; Mylonas, Victor; Wingender, … - 2018
This paper assesses a possible explanation for the global downward trend in top personal income tax rates over the last decades: globalization and the related tax evasion and avoidance opportunities could have raised elasticities of taxable income, which would imply lower optimal tax rates. The...
Persistent link: https://www.econbiz.de/10011878756