作者：MENDOZA, EG; RAZIN, A; TESAR, LL
作者单位：University of California System; University of California Santa Barbara; National Bureau of Economic Research; Tel Aviv University
摘要：This paper proposes a method for computing tax rates using national accounts and revenue statistics. Using this method we construct time series of tax rates for large industrial countries. The method identifies the revenue raised by different taxes at the general government level and defines aggregate measures of the corresponding tax bases. This method yields estimates of effective tax rates on factor incomes and consumption consistent with the tax distortions faced by a representative agent ...
作者：ROMER, CD; ROMER, DH
摘要：This paper addresses Hoover and Perez's comments on our 1989 paper. We first show that the estimated impact of monetary policy shifts remains large and ranges from marginally to strongly significant when oil shocks are controlled for. We then extend our previous work by expanding the sample period and identifying an additional policy shift in December 1988. With this extension, the estimated effects of monetary policy shifts are large and highly significant for all reasonable specifications of...
作者：BAXTER, M
摘要：This paper investigates the link between real exchange rates and real interest differentials over the recent floating-rate period. In contrast to earlier econometric studies, we find evidence of a relationship, with the strongest link at trend and business-cycle frequencies, Because these prior studies focused on high-frequency components of the data, they found no statistical link between real exchange rates and real interest differentials.
