The Transactions Role of Financial Assets: a Survey
A critical survey of the literature examining the roles of various financial (and commodity) assets in the transactions process is undertaken. The...
DP 26
Discussion Papers
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
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
