3期

最新文章

• Estimating the effects of private school vouchers in multidistrict economies AI翻译
  作者：Ferreyra, Maria Marta
  作者单位：Carnegie Mellon University
  摘要：This paper estimates a general equilibrium model of school quality and household residential and school choice for economies with multiple public school districts and private (religious and nonsectarian) schools. The estimates, obtained through full-solution methods, are used to simulate two large-scale private school voucher programs in the Chicago metropolitan area: universal vouchers and vouchers restricted to nonsectarian schools. In the simulations, both programs increase private school e...
• Relative prices and relative prosperity AI翻译
  作者：Hsieh, Chang-Tai; Klenow, Peter J.
  作者单位：University of California System; University of California Berkeley; Stanford University; National Bureau of Economic Research; National Bureau of Economic Research
  摘要：The positive correlation between real investment rates and real income levels across countries is driven largely by differences in the price of investment relative to output. The high relative price of investment in poor countries is due to the low price of consumption goods in those countries. Investment prices. are no higher in poor countries. Thus, the low real investment rates in poor countries are not driven by high tax or tariff rates on investment. Poor countries, instead, appear to be ...
• Generalizing the Taylor principle AI翻译
  作者：Davig, Troy; Leeper, Eric M.
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Kansas City; Indiana University System; Indiana University Bloomington; National Bureau of Economic Research
  摘要：The paper generalizes the Taylor principle-the proposition that central banks can stabilize the macroeconomy by raising their interest rate instrument more than one-for-one in response to higher inflation-to an environment in which reaction coefficients in the monetary policy rule change regime, evolving according to a Markov process. We derive a long-run Taylor principle which delivers unique bounded equilibria in two standard models. Policy can satisfy the Taylor principle in the long run, e...
• Tradeoffs from integrating diagnosis and treatment in markets for health care AI翻译
  作者：Afendulis, Christopher C.; Kessler, Daniel P.
  作者单位：Harvard University; Harvard Medical School; Stanford University
• Sticky-price models and durable goods AI翻译
  作者：Barsky, Robert B.; House, Christopher L.; Kimball, Miles S.
  作者单位：University of Michigan System; University of Michigan; National Bureau of Economic Research; National Bureau of Economic Research
• Trust as a signal of a social norm and the hidden costs of incentive schemes AI翻译
  作者：Sliwka, Dirk
  作者单位：University of Cologne