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This paper illustrates how convergence equations can be used to analyze the dynamics of the income distribution, thus … estimates a growth equation which relates the growth rate of income per capita to the rates of accumulation of physical, human …
Persistent link: https://www.econbiz.de/10005823877
Persistent link: https://www.econbiz.de/10005823956
drastically. Income poverty remains high. People’s access to energy, water, communications, education, and health services …
Persistent link: https://www.econbiz.de/10005824948
This paper evaluates the proposal that government authorities ought to target nominal income. It begins by viewing the … large country. There is then a general discussion of various issues posed by nominal income targeting. Finally, the paper … favor of nominal income targeting. When more realistic assumptions are made or econometric simulations are undertaken the …
Persistent link: https://www.econbiz.de/10005825863
We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model fits U.S. data since 1955 extremely well-entailing a discount wedge of around 20...
Persistent link: https://www.econbiz.de/10005825870
This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS …
Persistent link: https://www.econbiz.de/10005825900
" can be given a formal content and related to more standard economic concepts such as social mobility, income inequality …
Persistent link: https://www.econbiz.de/10005826711
Persistent link: https://www.econbiz.de/10005826795
This paper aims to explain the significant variations in the social contracts which can be observed across nations. It shows in particular how countries with similar technologies and preferences, as well as equally democratic political systems, can sustain very different avrage and marginal tax...
Persistent link: https://www.econbiz.de/10005826858
This study re-examines the causal relations between money and the two variables, i.e., income and prices. Using annual … causal relations between real money and real income, between nominal money and nominal income, and between nominal money and … prices. The analysis indicates, in general, the long run relationship among money, income, and prices. The analysis further …
Persistent link: https://www.econbiz.de/10005835538