reallocation of capital across sectors is costly. The two-sector model leads to a richer array of possible responses of aggregate …

obtain 8% and 1%. Dynamic scoring for the EU-14 shows that 54% of a labor tax cut and 79% of a capital tax cut are self-financing …We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using … US can increase tax revenues by 30% by raising labor taxes and by 6% by raising capital income taxes. For the EU-14 we …

European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment … adjustments than other labor insurance mechanisms. Venture capital and private equity investors are especially sensitive to these … labor adjustment costs. Nations favoring labor expenditures as the mechanism for providing worker insurance developed …

information by taking advantage of their own networks. The link between related investing and the concentration of ownership in … beneficial for capital mobilization in emerging ventures. These patterns are consistent with a more productive interpretation of …

markedly as public and private sectors look inward when external financing becomes prohibitively costly, altogether impossible …, driven importantly by increased "liability" home bias in finance and by official capital outflows. We present evidence from …

suggests that although bank lending to firms declines during the crisis, bond financing actually increases to make up much of …

period 1977-83. It is argued that as a consequence of the liberalization of the capital account in Chile in 1979-81, dramatic … inflows of financial capital resulted. These capital inflows generated an important increase in expenditure, and a lower … capital account, and not the adoption of a preannounced rate of devaluation, that generated the dramatic real appreciation of …