OccBin
Title | OccBin PDF eBook |
Author | Luca Guerrieri |
Publisher | |
Pages | |
Release | 2014 |
Genre | |
ISBN |
Stochastic Cellular Systems
Title | Stochastic Cellular Systems PDF eBook |
Author | R. L. Dobrushin |
Publisher | Manchester University Press |
Pages | 568 |
Release | 1990 |
Genre | Cellular automata |
ISBN | 9780719022067 |
Entry Costs and the Macroeconomy
Title | Entry Costs and the Macroeconomy PDF eBook |
Author | Germán Gutiérrez |
Publisher | International Monetary Fund |
Pages | 43 |
Release | 2019-11-01 |
Genre | Business & Economics |
ISBN | 1513512943 |
We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by showing that the model-implied entry shocks correlate with independently constructed measures of entry regulations and M&As. We conclude that entry costs have risen in the U.S. over the past 20 years and have depressed capital and consumption by about seven percent.
Handbook of Macroeconomics
Title | Handbook of Macroeconomics PDF eBook |
Author | John B. Taylor |
Publisher | Elsevier |
Pages | 1366 |
Release | 2016-12-01 |
Genre | Business & Economics |
ISBN | 0444594779 |
Handbook of Macroeconomics surveys all major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues. It courageously examines why existing models failed during the financial crisis, and also addresses well-deserved criticism head on. With contributions from the world's chief macroeconomists, its reevaluation of macroeconomic scholarship and speculation on its future constitute an investment worth making. - Serves a double role as a textbook for macroeconomics courses and as a gateway for students to the latest research - Acts as a one-of-a-kind resource as no major collections of macroeconomic essays have been published in the last decade
Japan
Title | Japan PDF eBook |
Author | International Monetary Fund. Asia and Pacific Dept |
Publisher | International Monetary Fund |
Pages | 37 |
Release | 2017-08-01 |
Genre | Business & Economics |
ISBN | 148431350X |
This Selected Issues paper analyzes reasons behind low levels of private investment in Japan. Private investment in Japan not only appears low, but also seems to have underperformed relative to other advanced economies. Findings support the hypothesis that sectoral concentration (reduced competition) has had a significant negative impact on firm- and sector-level investment. Results point to potential benefits from decreasing barriers to entry, protection of incumbents, and market concentration in some sectors. Results also indicate that there is room for further reform in the gas and telecom sectors, and deregulation of professional services.
Macroprudential Policy and Practice
Title | Macroprudential Policy and Practice PDF eBook |
Author | Paul Mizen |
Publisher | Cambridge University Press |
Pages | 325 |
Release | 2018-08-23 |
Genre | Business & Economics |
ISBN | 1108419909 |
A guide to the latest theoretical developments in macroprudential policy, the newest tool in central banking policymaking circles.
Macroeconomic Effects of Dividend Taxation with Investment Credit Limits
Title | Macroeconomic Effects of Dividend Taxation with Investment Credit Limits PDF eBook |
Author | Matteo Ghilardi |
Publisher | International Monetary Fund |
Pages | 35 |
Release | 2022-07 |
Genre | Business & Economics |
ISBN |
We analyze the effects of dividend taxation in a general equilibrium business cycle model with an occasionally-binding investment credit limit. Permanent dividend tax reforms distort capital investment decisions in the binding long-run equilibrium, but are neutral otherwise. Temporary unexpected tax cuts stimulate shortterm real activity in the credit-constrained economy, yet produce contractionary macroeconomic outcomes in the slack regime. The occasionally-binding constraint reconciles the `traditional' and `new' views of dividend taxation, and highlights the importance of measuring the firm's initial borrowing position before enacting tax reforms. Finally, permanently lower dividend taxes dampen financial business cycles, and help to explain macroeconomic asymmetries.