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Fiscal Instruments of a Support of the Families with Children and their Changes in Developed Countries
Family benefits Support of the families with children Taxes
2016/1/27
Governments usually try to use fiscal instruments to support the families with children. However, fiscal instruments also affect the work effort and labour demand. Problems associated with (de)stimula...
Review of Changes in American Economic Policy in the 1980s: Watershed or Pendulum Swing?
American Economic Policy Pendulum Swing
2015/8/4
ECONOMIC POLICY in the 1980s may
eventually become the most studied and
hotly debated of any decade in United States
history, even including the 1930s. Popular
writings about the 1980s economy alr...
Remarks for the Panel Discussion on “Recent Changes in Trend and Cycle”
Recent Changes Trend
2015/8/3
This panel discussion focuses on two defining features of the new economy: (1) a
change in trend productivity growth, and (2) a change in cyclical volatility. No one
knows for sure how long either f...
Changes in the Economic Structure of the World Economy
Economic Structure the World Economy
2014/6/23
In a neglected work of 1964, Kuznets summarized some of the emerging results of his monumental work on Modern Economic Growth (MEG) and used them to speculate on diversity, interdependence, war, co...
The continuous behavior of the numeraire portfolio under small changes in information structure, probabilistic views and investment constraints
continuous behavior numeraire portfolio small changes information structure probabilistic views investment constraints
2010/12/17
The numeraire portfolio in a financial market is the unique positive wealth process that makes all other nonnegative wealth processes, when deflated by it, supermartingales. The numeraire portfolio de...
Structural Changes in the Contemporaneous Linear Relation between Returns and Earnings after 1997 Financial Crisis in Korea
returns-earnings relations Asian financial crisis accounting reforms
2009/5/7
We study the effect of accounting reforms on the quality of accounting information after the 1997 financial crisis in Korea. Using observations of accounting earnings and stock returns over the past ...
UNDERSTANDING CHANGES IN INTERNATIONAL BUSINESS CYCLE DYNAMICS
CHANGES INTERNATIONAL BUSINESS CYCLE DYNAMICS
2014/3/18
The volatility of economic activity in most G7 economies has moderated over the past 40 years. Also, despite large increases in trade and openness, G7 business cycles have not become ...