Showing 1 - 10 of 332
Persistent link: https://www.econbiz.de/10000991158
We propose a method to decompose changes in the tax structure into a component measuring the level of taxes and a component orthogonal to the level that measures progressivity. While our focus is on the progessivity results, we find that the level shock is similar to standard tax shocks found in...
Persistent link: https://www.econbiz.de/10012138982
Persistent link: https://www.econbiz.de/10014320572
Persistent link: https://www.econbiz.de/10000931874
Persistent link: https://www.econbiz.de/10000969598
Persistent link: https://www.econbiz.de/10012628996
Persistent link: https://www.econbiz.de/10000955350
We use a factor model with stochastic volatility to decompose the time-varying variance of Macro economic and Financial variables into contributions from country-specific uncertainty and uncertainty common to all countries. We find that the common component plays an important role in driving the...
Persistent link: https://www.econbiz.de/10011306276
Financial markets are central to the transmission of uncertainty shocks. This paper documents a new aspect of the interaction between the two by showing that uncertainty shocks have radically different macroeconomic implications depending on the state financial markets are in when they occur....
Persistent link: https://www.econbiz.de/10010472852
pollution regulations, however, are linked to reductions in the risk of dying for cancer, heart disease, and respiratory … higher when the risk reduction is delivered by a public program, and increases with the effectiveness rating assigned by the … respondent to public programs that address specific causes of death. The effectiveness of private risk-reducing behaviors is also …
Persistent link: https://www.econbiz.de/10008747732