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Updating the retirement-consumption puzzle in Italy : who are the most affected?
Marini, Andrea - 2024
composed of essential expenditures. …
Persistent link: https://www.econbiz.de/10014528252
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How far are we from the slippery slope? : the Laffer curve revisited
Trabandt, Mathias; Uhlig, Harald - 2010
We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 … benchmark parameters, we find that the US can increase tax revenues by 30% by raising labor taxes and 6% by raising capital … income taxes. For the EU-14 we obtain 8% and 1%. Denmark and Sweden are on the wrong side of the Laffer curve for capital …
Persistent link: https://www.econbiz.de/10003972665
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Capital and labour (mis)allocation in the euro area : some stylized facts and determinants
Gamberoni, Elisa; Giordano, Claire; López-García, Paloma - 2016
Persistent link: https://www.econbiz.de/10011619922
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The effects of climate change on the natural rate of interest : a critical survey
Mongelli, Francesco Paolo; Pointner, Wolfgang; End, … - 2022
This survey reviews the literature about the impact of climate change on the natural rate of interest (r*), an important yardstick for monetary policy. Economic and financial developments can lower r* in scenarios with increasing climate-related damages and uncertainty that reduce productivity...
Persistent link: https://www.econbiz.de/10013448676
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Credit and the natural rate of interest
De Fiore, Fiorella (contributor);  … - 2008
We analyze the properties of the natural rate of interest in an economy where nominal debt contracts generate a spread between loan rates and the policy interest rate. In our model, monetary policy has real effects in the flexible-price equilibrium, because it affects the credit spread. Relying...
Persistent link: https://www.econbiz.de/10003778772
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House prices and the stance of monetary policy
Jarocinski, Marek (contributor); Smets, Frank (contributor) - 2008
This paper estimates a Bayesian VAR for the US economy which includes a housing sector and addresses the following questions. Can developments in the housing sector be explained on the basis of developments in real and nominal GDP and interest rates? What are the effects of housing demand shocks...
Persistent link: https://www.econbiz.de/10003778777
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How does information affect the comovement between interest rates and exchange rates?
Sánchez, Marcelo (contributor) - 2006
This paper compares the link between exchange rates and interest rates under full information and two alternative asymmetric information approaches. It also distinguishes between cases of expansionary and contractionary depreciations. Full information results are not robust to the presence of...
Persistent link: https://www.econbiz.de/10003320628
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Acquisition versus greenfield : the impact of the mode of foreign bank entry on information and bank lending rates
Claeys, Sophie (contributor); Hainz, Christa (contributor) - 2006
Policy makers often decide to liberalize foreign bank entry but at the same time restrict the mode of entry. We study how different entry modes affect the interest rate for loans in a model in which domestic banks possess private information about their incumbent clients but foreign banks have...
Persistent link: https://www.econbiz.de/10003358591
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Forecasting economic aggregates by disaggregates
Hendry, David F. (contributor); Hubrich, Kirstin (contributor) - 2006
We suggest an alternative use of disaggregate information to forecast the aggregate variable of interest, that is to include disaggregate information or disaggregate variables in the aggregate model as opposed to first forecasting the disaggregate variables separately and then aggregating those...
Persistent link: https://www.econbiz.de/10003280663
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An application of index numbers theory to interest rates
Huerga, Javier (contributor); Steklacova, Lucia (contributor) - 2008
This paper uses index number theory to disentangle changes in aggregate retail interest rates due to changes in individual component rates ("interest rate effect") from those caused by changes in the weights of each component ("weight effect"), on the basis of the "difference" index numbers...
Persistent link: https://www.econbiz.de/10003790944