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Pension Liabilities: Fear Tactics and Serious Policy
Rosnick, David; Baker, Dean - Center for Economic and Policy Research (CEPR) - 2012
This working paper argues that pension funds should adopt a funding principle that is consistent with a return on holdings conditional on the state of the stock market. As will be shown, the expected “conditional rate of return” used in making this assessment will vary depending on the...
Persistent link: https://www.econbiz.de/10009649734
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Immigrants and Mortgage Delinquency in the United States
Lin, Zhenguo; Liu, Yingchun; Xie, Jia - Bank of Canada - 2015
We investigate the relationship between immigrant status and mortgage delinquency in the United States. We find that after controlling for observables, newly arrived immigrants are likely to have a higher delinquency rate on mortgages than natives, while immigrants who have resided in the United...
Persistent link: https://www.econbiz.de/10011115522
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Missing the Story: The OECD's Analysis of Inequality
Rosnick, David; Baker, Dean - Center for Economic and Policy Research (CEPR) - 2012
The OECD recently published a lengthy volume examining the causes of rising inequality in most wealthy countries over … the last three decades. This paper examines that study, finding that the OECD misses most of the story of inequality … most of the benefits of rising inequality were concentrated much further up the income ladder. In contrast to the OECD …
Persistent link: https://www.econbiz.de/10010556770
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Small-Dollar Lending: Is There A Responsible Path Forward?
Campen, Jim - Center for Economic and Policy Research (CEPR) - 2012
This report examines the problem of access to credit for low- and moderate- income households. It notes that this problem has two dimensions. On the one hand, there are millions of consumers without access to mainstream sources of consumer credit. On the other hand, many of these same consumers...
Persistent link: https://www.econbiz.de/10010569384
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Cost of Equity Capital and Country Risk: An econometric analysis of the expected rate of return for four Latin American countries
Juan Pablo Domínguez H. - In: Economía 32 (2007) 23, pp. 63-90
Expected returns and risk assessment are important issues when evaluating capital investment projects. We use VARX …
Persistent link: https://www.econbiz.de/10004994430
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The Relationship Between Financial Transactions Costs and Economic Growth
Baker, Dean; Jorgensen, Helene - Center for Economic and Policy Research (CEPR) - 2012
The opponents of financial transactions taxes (FTTs) have argued that the imposition of such taxes will slow economic growth by raising the cost of capital. The argument is that if the cost of buying and selling stock and other financial assets is higher, then it makes it more expensive for...
Persistent link: https://www.econbiz.de/10010534823
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The Potential Revenue from Financial Transactions Taxes
Baker, Dean; Pollin, Robert; McArthur, Travis; Sherman, Matt - Center for Economic and Policy Research (CEPR) - 2009
This joint report by CEPR and the Political Economy Research Institute (University of Massachusetts, Amherst) gives an estimate of $177-354 billion in revenue that could be raised by taxing financial transactions in the United States.
Persistent link: https://www.econbiz.de/10008629494
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Investment Bank Welfare? The Implicit Bank Subsidies in the Primary Dealer Credit Facility (PDCF) and the Term Securities Lending Facility (TSLF) Created by the Federal Reserve Boa...
Baker, Dean; Sherman, Matthew - Center for Economic and Policy Research (CEPR) - 2009
investment banks who qualify to borrow through the special lending facilities created in the last year by the Federal Reserve …
Persistent link: https://www.econbiz.de/10004964398
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The Alphabet Soup Explained: An Analysis of the Special Lending Facilities at the Federal Reserve
Sherman, Matthew - Center for Economic and Policy Research (CEPR) - 2009
This paper looks at the trends in activity at the Federal Reserve’s newly-created special lending facilities, hoping to provide a better understanding of their operation and significance within financial markets. These facilities were created in response to the financial crisis and have...
Persistent link: https://www.econbiz.de/10004964402
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The Value of the “Too Big to Fail” Big Bank Subsidy
Baker, Dean; McArthur, Travis - Center for Economic and Policy Research (CEPR) - 2009
One outcome of the TARP and other bank rescue efforts following the collapse of Lehman Brothers in September of 2008 is that the United States has essentially formalized a commitment to a “too big to fail” (TBTF) policy for major banks. This paper uses data from the FDIC on the relative cost...
Persistent link: https://www.econbiz.de/10008545819