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efficient than other redistribution schemes such as transfers financed with an income tax. Often, this outcome is attributed to … does not change the equilibrium. Only a long run commitment to a minimum level of redistribution restores efficiency …
Persistent link: https://www.econbiz.de/10012482577
externalities attributable to giving. The fundamental reason is that transfer tax reform can be combined with adjustments to other … aspects of the fiscal system, notably the income tax, so as to keep constant most effects other than externalities …
Persistent link: https://www.econbiz.de/10012462833
Motivated by the recent rise of populism in western democracies, we develop a model in which a populist backlash … development, and trade deficits are more vulnerable to populism, both in the model and in the data. Evidence on who voted for …
Persistent link: https://www.econbiz.de/10012480555
Populism may seem like it has come out of nowhere, but it has been on the rise for a while. I argue that economic … distinguish between left-wing and right-wing variants of populism, which differ with respect to the societal cleavages that …
Persistent link: https://www.econbiz.de/10012455123
Instrumental variables (IV) are a common means to identify treatment effects. But standard IV methods do not allow us to unpack the complex treatment effects that arise when a treatment and its outcome together cause a second outcome of interest. For example, IV methods have been used to show...
Persistent link: https://www.econbiz.de/10012455472
This paper asks whether history should change the way in which economists and economic historians think about populism …. We use Müller's definition, according to which populism is 'an exclusionary form of identity politics, which is why it …. Second, there is no necessary relationship between populism and anti-globalization sentiment. Third, economists have …
Persistent link: https://www.econbiz.de/10014250166
We study whether anger fuels the rise of populism. Anger as an emotion tends to act as a call to action against … a more complex sense of malaise and gloom, rather than anger per se, drives the rise in populism …
Persistent link: https://www.econbiz.de/10014322771
Individuals of Middle Eastern and North African (MENA) ancestry in the US have been targeted by anti-immigrant and counterterrorism policies and have been the focus of vitriolic political rhetoric. Despite this, lack of data identifying MENA individuals has prevented systematic evaluation of the...
Persistent link: https://www.econbiz.de/10014635639
I study a general equilibrium menu cost model with a continuum of sectors, idiosyncratic and aggregate shocks, and the novel feature that each sector consists of strategically engaged firms. Compared to an economy with monopolistically competitive sectors--separately parameterized to match the...
Persistent link: https://www.econbiz.de/10012629453
This paper derives analytical measures of the combined effects of tax changes and adjustment costs on investment and market value. Unlike earlier measures, the effective tax rate derived is valid in the presence of adjustment costs and anticipated tax changes. The derived measure of the impact...
Persistent link: https://www.econbiz.de/10012476966