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Recent tax literature and activism has called for tax reform that would lead to a more efficient income tax system in Canada, including tax policy research inviting a reduction in tax preferences to e...
Using Experimental Economics to Measure Social Capital and Predict Financial Decisions。
A Theory of Arbitrage Capital     Arbitrage Capital  Theory       2014/3/18
We would like to thank Paolo Fulghieri (editor), Douglas Gale, an anonymous referee, and the participants of the FIRS Conference in Florence for helpful comments. All errors are our own. The views e...
In addressing the precipitous drop in trade volumes in the recent crisis, the real and financial explanations have sometimes been juxtaposed as competing explanations. However, they can be reco...
We examine a prominent justification for capital income taxation: goods preferred by those with high ability ought to be taxed. In an environment where commodity taxes are allowed to be nonlinea...
The Euro Crisis through the Lens of Capital Flow Reversals。
A Theory of Arbitrage Capital     Theory  Arbitrage Capital       2014/3/18
Fire sales that occur during crises beg the question of why su¢ cient outside capital does not move in quickly to take advantage of Öre sales, or in other words, why outside capital is so ìslow-m...
Banks and Cross-Border Capital Flows: Policy Challenges and Regulatory Responses。
We introduce a new measure for the capital market eciency. The measure takes into considera-tion the correlation structure of the returns (long-term and short-term memory) and local herding behavior ...
We study efficient non-linear taxation of labour and capital in a dynamic Mirrleesian model incorporating political economy constraints. Policies are chosen sequentially over time, without commitment....
We discuss finiteness (effectiveness), continuity (robustness) and optimality (efficiency) results for capital requirements, or risk measures, defined for financial positions belonging to an ordered t...
Economies with private information provide a rationale for capital taxation. In this paper we ask what the welfare gains from following this prescription are. We develop a method to answer this questi...
We study the dynamics linking monetary policy with bank leverage and show that adjustments in leverage act as the linchpin in the monetary transmission mechanism that works through fluctuations...
This paper analyses the agricultural and rural capital factor markets in the three European Union (EU) candidate countries: Turkey, Croatia and the Former Yugoslav Republic (FYR) of Macedonia. Agricul...

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