Results 111 to 120 of about 793,907 (256)
The Welfare and Distributional Consequences of Corporate Tax Cuts in Open Economies
Journal of Money, Credit and Banking, EarlyView.Abstract We develop an open‐economy heterogeneous household model with incomplete markets to quantitatively evaluate the welfare and distributional effects—both within and across countries—of the corporate tax cut (Tax Cuts and Jobs Act, TCJA) implemented in the U.S. in 2017. The model allows for examining outcomes under various possibilities including
MAMOON KADER +3 more
wiley +1 more source
Consequences of Fiscal Risk to Optimal Monetary Policy
Journal of Money, Credit and Banking, EarlyView.Abstract We study the optimal monetary policy of a New Keynesian economy on the brink of fiscal dominance. The model features a Markov switching structure to incorporate regime uncertainty. Switching probabilities can be either exogenous or endogenous. We find that a fiscal risk entails a welfare loss and breaks the “divine coincidence” because perfect
OTÁVIO DE A. J. TEIXEIRA +1 more
wiley +1 more source
EIRP Proceedings, 2020 The paper deals with the problem of determining the production of a company under the conditions in which it wants both the minimization of the production costs and the maximization of the profit.
Cătălin Angelo Ioan, Gina Ioan
doaj
Aggregate Market Power: Measurement, Drivers, and Macroeconomic Effects
Journal of Economic Surveys, EarlyView.ABSTRACT This survey reviews the macroeconomic literature on market power, focusing on its measurement, determinants, and macroeconomic effects. It synthesizes evidence from concentration ratios, business dynamism indicators, and markup/markdown estimates, documenting a distinct change in trends since the 1980s, especially in the United States ...
Maria Alessandra Rossi
wiley +1 more source
Capital‐Labour Substitution in Macroeconomics: A Survey of Mechanisms, Dynamics and Policy Insights
Journal of Economic Surveys, EarlyView.ABSTRACT Macroeconomic conclusions often hinge on a single, hard‐to‐pin‐down parameter: the elasticity of substitution between capital and labour, σ. This survey synthesises theory and evidence on how results change once we move beyond the Cobb–Douglas benchmark (σ=1$\sigma = 1$).
Francisco Rebelo, Fernando Del Río
wiley +1 more source
Effects of Trade Openness on Economic Growth: The Case of African Countries [PDF]
The relationship between trade and productivity has not been established theoretically. Some researchers have indeed found some, if not complete, support for the view that increasing openness has a positive impact on productivity.
Akuffo, Akua S. +3 more
core
Discussion of “Connectivity and Selective Rural Migration”
International Economic Review, EarlyView.
Xiaodong Zhu
wiley +1 more source
Longevity, Health, and Housing Risk Management in Retirement
The Journal of Finance, EarlyView.ABSTRACT Annuities, long‐term care insurance, and reverse mortgages remain puzzlingly unpopular to manage post‐retirement longevity, health, and housing price risks. We use a flexible life‐cycle model structurally estimated with a unique stated‐preference survey experiment of Canadian households to understand why. Key factors include high risk aversion,
PIERRE‐CARL MICHAUD, PASCAL ST‐AMOUR
wiley +1 more source
Cauchy: Jurnal Matematika Murni dan AplikasiAnnuity is a financial concept that involves a series of periodic payments or receipts. In oil palm plantation management, the annuity concept is adapted to model and estimate the reserves required for replanting costs over time.
Rayyan Al Muddatstsir Fasa +2 more
doaj +1 more source