Results 191 to 200 of about 2,624 (262)

Large‐Dimensional Cointegrated Threshold Factor Models: The Global Term Structure of Interest Rates

open access: yesOxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT In this paper we extend the two‐level factor model to account for cointegration between group‐specific factors in large datasets. We propose two nonlinear specifications: (i) a threshold vector error correction model (VECM) that allows for asymmetric adjustment across regimes; and (ii) a band VECM that captures state‐dependent adjustment which
Daniel Abreu, Paulo M. M. Rodrigues
wiley   +1 more source

Property as power: A theory of representation

open access: yes
Journal of Social Philosophy, EarlyView.
Rutger Claassen
wiley   +1 more source

Lessons on State and Local Income Taxes From the Twenty‐First Century and Challenges for the Future

open access: yesPublic Budgeting &Finance, EarlyView.
Abstract I survey recent research on subnational income tax policy, arguing that a defining feature is geography. Geographic boundaries limit the power of subnational governments to tax people and activities. The article discusses where income should be taxed and the effects of these tax rules on the interjurisdictional mobility of people and jobs.
David R. Agrawal
wiley   +1 more source

Learning From 25 Years of Changes in Business Tax Policy

open access: yesPublic Budgeting &Finance, EarlyView.
Abstract This paper summarizes the significant changes to the taxation of business income in the United States over the last 25 years and how the resulting policy variation has helped inform research on business taxation. The survey of research on the topic covers investment incentives, international taxation, corporate financial policy, issues with ...
Jason DeBacker, Aerfate Haimiti
wiley   +1 more source

Greenwashing and Trust via Enhanced Self‐Regulation: The Case of ESG Rating Providers in Sustainable Finance

open access: yesRegulation &Governance, EarlyView.
ABSTRACT Polycentric governance is a trust‐intensive and trust‐dependent governance that should actively seek to build and restore trust. The different ways in which this is done are poorly understood. Our study of the environmental, social, and governance (ESG) strategies and the green transition clarifies the role of enhanced self‐regulation and ...
Agnieszka Smoleńska, David Levi‐Faur
wiley   +1 more source

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