Since the early 1990s, as the United States borrowed heavily from the rest of the world, employment in the U.S. goods-producing sector has fallen. We construct a dynamic general equilibrium model with several mechanisms that could generate declining goods-sector employment: foreign borrowing,...

Front Cover -- Contents -- Editor -- Contributors -- Foreword -- Introduction -- Chapter 1: Enterprise Security Management Practices -- Chapter 2: Enterprise-Wide Systems Development Security -- Chapter 3: Overseeing Compliance of Security Operations -- Chapter 4: Understanding Business...

We develop a framework to study the aggregate implications of taxing multinational enterprises (MNEs) that shift profits to tax havens by transferring ownership of nonrival intangible capital. We first prove analytically that profit shifting increases intangible investment, leading to higher...