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Welfare cost of inflation, when credit card transaction services are included among monetary services
Barnett, William A.; Park, Sohee - 2023
Persistent link: https://www.econbiz.de/10014280821
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Welfare costs of exchange rate fluctuations : evidence from the 1972 Okinawa reversion
Kano, Kazuko; Kano, Takashi - 2021
Persistent link: https://www.econbiz.de/10013339094
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A Welfare Analysis of Tax Structures with Love-of-variety Preferences
Notowidigdo, Matthew; Kroft, Kory; Laliberté, Jean-William - 2021
This paper reassesses the general trade-off between ad valorem and specific taxationusing an economic model that features love-of-variety preferences and encompasses awide range of market conduct – including both quantity and price competition – whileallowing for firm entry and exit. We...
Persistent link: https://www.econbiz.de/10014088738
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Estimating the welfare loss due to vehicle tariffs in Malaysia
Borer, Daniel; Kock Lim Tan; Shen, Brian Chua Tatt - In: International journal of automotive technology and … 21 (2021) 1/2, pp. 137-160
Persistent link: https://www.econbiz.de/10012505120
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The social costs of gun ownership : spurious regression and unfounded public policy advocacy
Westphal, Christian - 2013 - This version: July 8, 2013
In 2006, a study, published in the Journal of Public Economics, employing a panel regression of 200 U.S. counties across 20 years, found a significant elasticity of homicides with respect to firearms ownership. Based on this finding the authors made the public policy recommendation of taxing gun...
Persistent link: https://www.econbiz.de/10009763318
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Searching for Keynes : an essay on the political economy of fiscal policy, with application to Canada, 1870-2000 - revised version
Winer, Stanley L.; Ferris, John Stephen - 2003
Keynes' General Theory (1936) is arguably one of the most important books of the twentieth century. His ideas for … stabilizing the aggregate economy have profoundly influenced economic theory as well as popular opinion about what governments can … and should do with respect to the business cycle. On the other hand, whether Keynesian theory has substantially altered …
Persistent link: https://www.econbiz.de/10011509394
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Long-term government debt, financial fragility and sovereign default risk
Kwaak, Christiaan van der; Wijnbergen, Sweder van - 2013
Persistent link: https://www.econbiz.de/10010191409
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Financial fragility, sovereign default risk and the limits to commercial bank bail-outs
Wijnbergen, Sweder van; Kwaak, Christiaan van der - 2013
We analyse the poisonous interaction between bank rescues, financial fragility and sovereign debt discounts. In our model balance sheet constrained financial intermediaries finance both capital expenditure of intermediate goods producers and government deficits. The financial intermediaries face...
Persistent link: https://www.econbiz.de/10010224776
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Financial fragility and the fiscal multiplier
Wijnbergen, Sweder van; Kwaak, Christiaan van der - 2014
We investigate the effectiveness of "Keynesian" fiscal stimuli when government deficits and debt rollovers are (possibly partially) financed by balance sheet constrained financial intermediaries. Because financial intermediaries operate under a leverage constraint, deficit financing of fiscal...
Persistent link: https://www.econbiz.de/10010226967
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Consumption multipliers of different types of public spending : a structural vector error correction analysis for the UK
Marattin, Luigi; Salotti, Simone - 2010
The aim of this paper is to investigate the relationship between government spending and private consumption in the UK, for which there is scarce previous empirical evidence. We disaggregate public expenditure into three categories and search for the corresponding private consumption...
Persistent link: https://www.econbiz.de/10011737944