Similar Search Results

The impact of local taxes and public services on property values

Grodecka, Anna; Hull, Isaiah - 2019

Attempts to measure the capitalization of local taxes into property prices, starting with Oates (1969), have suffered from a lack of local public service controls. We revisit this vast literature with a novel dataset of 947 time-varying local characteristic and public service controls for all...

Persistent link: https://www.econbiz.de/10011999838

The welfare cost of imperfect competition and distortionary taxation

Jonsson, Magnus - 2004

The welfare cost of imperfect competition in the product and labor market as well as distortionary taxation is … quantified in a dynamic general equilibrium model parameterized to fit the U.S. economy. We find that the welfare cost of … characterized by distortionary taxation the welfare cost in the product market increases to 48.26 percent and 4.70 percent in the …

Persistent link: https://www.econbiz.de/10011583610

Does inflation targeting reduce the dispersion of price setters' inflation expectations?

Paulie, Charlotte - 2019

dispersion of inflation expectations results in a lower markup dispersion and a welfare gain equivalent to a 0.79 percent …

Persistent link: https://www.econbiz.de/10011999754

The importance of reallocation for productivity growth : evidence from European and US banking

Bos, Jaap W. B.; Santen, Peter C. van - 2015

To what extent has input reallocation contributed to aggregate productivity growth in the banking sectors of Europe and the United States? Interestingly, under-performing banks capture market share, while more productive banks lose market share, in particular in the US. The pattern of...

Persistent link: https://www.econbiz.de/10010486867

Incompatible european partners? : cultural predispositions and household financial behavior

Chaliasos, Michaēl; Jansson, Thomas; Karabulut, Yigitcan - 2014

The Eurozone fiscal crisis has created pressure for institutional harmonization, but skeptics argue that cultural predispositions can prevent convergence in behavior. Our paper derives a robust cultural classification of European countries and utilizes unique data on natives and immigrants to...

Persistent link: https://www.econbiz.de/10010403682

Efficient Bayesian inference for multiple change-point and mixture innovation models

Giordani, Paolo (contributor); Kohn, Robert (contributor) - 2006

Time series subject to parameter shifts of random magnitude and timing are commonly modeled with a change-point approach using Chib's (1998) algorithm to draw the break dates. We outline some advantages of an alternative approach in which breaks come through mixture distributions in state...

Persistent link: https://www.econbiz.de/10003325461

Derivation and estimation of a new Keynesian Phillips curve in a small open economy

Holmberg, Karolina (contributor) - 2006

In recent years, it has become increasingly common to estimate New Keynesian Phillips curves with a measure of firms' real marginal cost as the real driving variable. It has been argued that this measure is both theoretically and empirically superior to the traditional output gap. In this paper,...

Persistent link: https://www.econbiz.de/10003325469

Technology shocks and the labour-input response : evidence from firm-level data

Carlsson, Mikael (contributor); Smedsaas, Jon (contributor) - 2006

We study the relationship between technology shocks and labor input on Swedish firm-level data using a production function approach to identify technology shocks. Taking standard steps yields a contractionary contemporaneous labor-input response in line with previous studies. This finding may,...

Persistent link: https://www.econbiz.de/10003325476

Expectation driven business cycles with limited enforcement

Walentin, Karl - 2009

We explore the implications of shocks to expected future productivity in a setting with limited enforcement of financial contracts. As in Lorenzoni andWalentin (2007) optimal financial contracts under limited enforcement imply that to obtain external finance firms have to post collateral in...

Persistent link: https://www.econbiz.de/10003833848

Flexible modeling of conditional distributions using smooth mixtures of asymmetric student T densities

Li, Feng; Villani, Mattias; Kohn, Robert - 2009

A general model is proposed for flexibly estimating the density of a continuous response variable conditional on a possibly high-dimensional set of covariates. The model is a finite mixture of asymmetric student-t densities with covariate dependent mixture weights. The four parameters of the...

Persistent link: https://www.econbiz.de/10003896094

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