Measuring the Cost of Capital When Taxes Are Changing with Foresight
The familiar Hall-Jorgenson (1967) approach to measuring the cost of capital considers a perturbation from the optimal path of the capital stock...
DP 19
Discussion Papers
Credit Market Efficiency and Tax Policy in the Presence of Screening Costs
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DP 25
Monetary Policy with Unregulated Banks
An analytical basis is provided for the conduct of monetary policy in an economy with a completely unregulated banking system. In particular, the...
DP 21
Empirical Evidence on Wealth Accumulation and the Effects of Pension Wealth: An Application To Italian Cross-Section Data
This paper investigates the effects of pension wealth on households non-pension net worth for an Italian cross-section sample, by estimating a simple...
DP 20
Tax Policy After The Election: What Would Change With The Government
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DP 13
