Similar Search Results

SIMULATING RUSSIA’S AND OTHER LARGE ECONOMIES’ CHALLENGING AND INTERCONNECTED TRANSITIONS

Benzell, Seth G.; Goryunov, Eugene; Kazakova, Marija; … - 2015

This paper develops a large-scale, dynamic life-cycle model to simulate Russia’s demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and Japan+ (Japan plus Korea). The model predicts dramatic...

Persistent link: https://www.econbiz.de/10011379852

What Has Financed Government Debt?

Chung, Hess - 2010

Dynamic rational expectations models imply that the real value of debt in the hands of the public must be equal to the expected present-value of surpluses. We impose this equilibrium condition on an identified VAR and characterize the way in which the present-value support of debt varies across...

Persistent link: https://www.econbiz.de/10012759807

The Political Economy of Public Income Volatility : With an Application to the Resource Curse

Robinson, James A.; Torvik, Ragnar; Verdier, Thierry - 2021

We develop a model of the political consequences of public income volatility. As is standard, political incentives create inefficient policies, but we show that making income uncertain creates specific new effects. Future volatility reduces the benefit of being in power, making policy more...

Persistent link: https://www.econbiz.de/10013224128

On the Possibility of an Inverse Relationship between Tax Rates and Government Revenues

Fullerton, Don - 2021

When Arthur Laffer or other "supply side advocates" plot total tax revenue as a function of a particular tax rate, he draws an upward sloping segment called the normal range, followed by a downward sloping segment called the prohibitive range. Since a given revenue can be obtained with either of...

Persistent link: https://www.econbiz.de/10013233785

Tax Aversion, Deficits and the Tax Rate-Tax Revenue Relationship

Waud, Roger N. - 2021

This paper offers a possible explanation for the existence of continual government budget deficits such as experienced in a number of industrialized countries in recent years. Based on the assumption that higher tax rates cause more intensive tax-aversion behavior (tax avoidance and tax...

Persistent link: https://www.econbiz.de/10013240986

Terms of Trade Shocks and Fiscal Cycles

Kaminsky, Graciela - 2010

The latest boom in commodity prices fueled concerns about fiscal policies in commodity-exporting countries, with many claiming that it triggered loose fiscal policy and left no funds for a rainy day. This paper examines the links between fiscal policy and terms-of-trade fluctuations using a...

Persistent link: https://www.econbiz.de/10013147365

Aid Volatility and Poverty Traps

Agenor, Pierre-Richard - 2013

This paper studies the impact of aid volatility in a two-period model where production may occur with either a traditional or a modern technology. Public spending is productive and quot;time to buildquot; requires expenditure in both periods for the modern technology to be used. The possibility...

Persistent link: https://www.econbiz.de/10012753834

Researcher Incentives and Empirical Methods

Glaeser, Edward L. - 2007

Economists are quick to assume opportunistic behavior in almost every walk of life other than our own. Our empirical methods are based on assumptions of human behavior that would not pass muster in any of our models. The solution to this problem is not to expect a mass renunciation of data...

Persistent link: https://www.econbiz.de/10012778257

Causal Inference in Urban and Regional Economics

Baum-Snow, Nathaniel - 2014

Recovery of causal relationships in data is an essential part of scholarly inquiry in the social sciences. This chapter discusses strategies that have been successfully used in urban and regional economics for recovering such causal relationships. Essential to any successful empirical inquiry is...

Persistent link: https://www.econbiz.de/10013046178

Economic Analysis of Social Interactions

Manski, Charles F. - 2021

rigor of modern economic analysis. Major theoretical developments in game theory, the economics of the family, and … endogenous growth theory have taken place. Economists have also performed new empirical research on social interactions, but the … empirical literature does not show progress comparable to that achieved in economic theory. This paper examines why and …

Persistent link: https://www.econbiz.de/10013239146

1
2
3
4
5
6
7
8
9
10
Next
Last