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This paper presents a simple new method for estimating the size of ‘wealth effects?on aggregate consumption. The method exploits the well-documented sluggishness of consumption growth (often interpreted as ‘habits?in the asset pricing literature) to distinguish between short-run and long-run...
Persistent link: https://www.econbiz.de/10010293502
Dieser Beitrag prüft (1) Hayeks Behauptung, daß abstrakte Verhaltensregeln und Eigentum die einzige Lösung für das …
Persistent link: https://www.econbiz.de/10010296915
This paper presents a simple new method for estimating the size of 'wealth effects' on aggregate consumption. The method exploits the well-documented sluggishness of consumption growth (often interpreted as 'habits' in the asset pricing literature) to distinguish between short-run and long-run...
Persistent link: https://www.econbiz.de/10010298349
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Marianna Filandri e Emanuela Struffolino esaminano gli effetti sulla disuguaglianza delle misure sulla casa contenute nella Legge di Stabilità del 2016. Dopo aver ricordato che in Italia la proprietà della casa è molto diffusa e, quindi, ad essa non è sempre associato uno stato di elevata...
Persistent link: https://www.econbiz.de/10011613552
Die Besteuerung von selbstgenutztem und vermietetem Wohneigentum folgt in Deutschland sehr unterschiedlichen Regeln. Während selbstgenutzte Immobilien wie ein Konsumgut behandelt werden, gelten vermietete Immobilien als Investitionsgut. Bedingt durch diese Ungleichbehandlung variiert die...
Persistent link: https://www.econbiz.de/10011633364
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We study an industry in which an upstream monopolist supplies an essential input at a regulated price to several downstream firms. Legal unbundling means that a downstream firm owns the upstream firm but this upstream firm is legally independent and maximizes its own upstream profits. We allow...
Persistent link: https://www.econbiz.de/10010264909