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simulation, the out-of-sample fit of the estimated models is relatively good for the won, Singapore and New Taiwan dollars, and …Five East Asian currencies -- the Indonesian rupiah, Korean won, Singapore dollar, Taiwanese dollar, and the Thai baht … and the New Taiwan dollar. For these currencies, interest rates and money supplies move to restore equilibrium. In ex post …
Persistent link: https://www.econbiz.de/10012472139
closely with a depreciating yen, suggesting the countries' emphasis on export promotion. The Singapore dollar, on the other …
Persistent link: https://www.econbiz.de/10012473118
most effective. We study corporate taxation in Indonesia, where the government implemented two reforms that differentially …
Persistent link: https://www.econbiz.de/10012480096
What is the socially optimal level of liquidity in a retirement savings system? Liquid retirement savings are desirable because liquidity enables agents to flexibly respond to pre-retirement events that raise the marginal utility of consumption. On the other hand, pre-retirement liquidity is...
Persistent link: https://www.econbiz.de/10012457499
transfers in Singapore and Australia. In all four instances, the evidence suggests that temporary cash transfers to households …
Persistent link: https://www.econbiz.de/10015326496
Persistent link: https://www.econbiz.de/10012467174
In theory, the U.S. tax system aims to attribute and tax all business income to individuals. But the tax treatment of this income varies. Pass-through income is taxed when earned; capital-gains income is taxed when realized; dividends when distributed; other forms of business income may escape...
Persistent link: https://www.econbiz.de/10012455902
This paper evaluates the effect of U.S. state corporate income taxes on union wages. American workers who belong to unions are paid more than their non-union counterparts, and this difference is greater in low-tax locations, reflecting that unions and employers share tax savings associated with...
Persistent link: https://www.econbiz.de/10012463387
Past attempts to measure the impact of taxes on corporate debt policy have focused on larger firms. Given that the top statutory corporate tax rate has varied little in recent years, tax incentives vary among these firms, almost entirely due to current or prospective tax losses. Results are...
Persistent link: https://www.econbiz.de/10012471349
We use data from the U.S. Treasury corporate tax files for 1984 and 1992 to address two related questions concerning the investment decisions of U.S. multinational corporations. How sensitive are investment location decisions to tax rate differences across countries, and have investment location...
Persistent link: https://www.econbiz.de/10012472435