Showing 1 - 10 of 47
Narrative records in US newspapers reveal that about 70 percent of Federal Open Market Committee (FOMC) members who served during the last 55 years are perceived to have had persistent policy preferences over time, as either inflation-fighting hawks or growth-promoting doves. The rest are...
Persistent link: https://www.econbiz.de/10012918077
In order to enforce a collective choice to allocate resource to guarding against predators producers must subject themselves to the state's sovereign power to tax and to spend. But these sovereign powers in hand the state can exploit the producers by taxing and spending for its" own purposes....
Persistent link: https://www.econbiz.de/10013242903
To what extent must nations cede control over their economic and social policies if global efficiency is to be achieved in an interdependent world? This question is at the center of the debate over the future role of GATT (and its successor, the WTO) in the realm of labor and environmental...
Persistent link: https://www.econbiz.de/10013312480
way of achieving important international objectives? These two questions rest at the heart of contemporary debate over the … role and design of international institutions as well as growing tension between globalization and the preservation of … (Nash) world in which there exist no international agreements of any kind. And with national sovereignty characterized in …
Persistent link: https://www.econbiz.de/10014073672
index number formula. The great variation in relative prices and quantities in the international context means that the …
Persistent link: https://www.econbiz.de/10013137597
This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income from taxation. High foreign tax rates generally encourage firms to invest in tax havens, though significant costs of reallocating taxable income dampen these incentives. The...
Persistent link: https://www.econbiz.de/10013117565
This paper presents a model of international portfolios with real exchange rate and non financial risks that accounts …
Persistent link: https://www.econbiz.de/10013118846
allocation of resources across developed countries at the business cycle frequency. Here we discuss how evidence on international … quantity comovement, exchange rates, asset prices, and international portfolio holdings can be used to assess efficiency …
Persistent link: https://www.econbiz.de/10013083395
This paper explores the link between mobility and the presence of international research networks. Data come from the … evidence suggests that migration plays an important role in the formation of international networks. Approximately 40 percent … that internationally mobile researchers contribute significantly to extending the international scope and quality of the …
Persistent link: https://www.econbiz.de/10013064894
, which refers to price stability and high employment, and in which the exchange rate and other international variables matter … heavily shaped by the distinctive circumstances of the last three decades, when the influence of international considerations … on Fed policy has been limited. I discuss how the Federal Reserve paid significant attention to international …
Persistent link: https://www.econbiz.de/10013076575