Showing 1 - 10 of 636
The tax changes of the 1980s altered the incentives for housing consumption. Marginal tax rate reductions in both the Economic Recovery Tax Act (1981) and the Tax Reform Act (1986) reduced the attraction of homeownership, particularly at high income levels. The Tax Reform Act, by lowering...
Persistent link: https://www.econbiz.de/10012777111
kinds of financial crises for four countries (Argentina, Australia, Canada, and the United States) over the long-run …
Persistent link: https://www.econbiz.de/10013020714
countries of Canada, Australia, the USA, Argentina and the rest of Latin America. The resource abundant New World was endowed …
Persistent link: https://www.econbiz.de/10013217243
This paper examines business cycles theoretically and empirically, with a quantitative study based on experience over the long run and in a cross section of countries. Several major questions in business cycle theory are explored. Theoretical concerns indicate that the properties of business...
Persistent link: https://www.econbiz.de/10013227745
I study the selection and economic outcomes of Italians in Argentina and the US, the two largest destinations during … the age of mass migration. Prior cross-sectional work finds that Italians had faster assimilation in Argentina, but it is … better economic outcomes in Argentina, and this advantage was unlikely to be due to selection. Migration path dependence can …
Persistent link: https://www.econbiz.de/10012865742
This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as:...
Persistent link: https://www.econbiz.de/10013239338
We estimate the degree of amp;apos;stickinessamp;apos; in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a...
Persistent link: https://www.econbiz.de/10012772369
Over the past century the long-run growth of six economies shows a strong association between investment in machinery and economic growth that holds both within and across nations and periods. A similar strong association holds for the post-world War II period for a broader cross section of...
Persistent link: https://www.econbiz.de/10012763337
accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and …
Persistent link: https://www.econbiz.de/10013054868
This paper examines the historical evolution of central bank credibility using both historical narrative and empirics for a group of 16 countries, both advanced and emerging. It shows how the evolution of credibility has gone through a pendulum where credibility was high under the classical gold...
Persistent link: https://www.econbiz.de/10013043621