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This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment with ex-ante identical workers and employers. Worker[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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In this paper, we investigate the effects of housing-related tax policy measures on macroeconomic aggregates using a dynamic general-equilibrium model. The model features[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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From 1980 until 2007, U.S. average hours worked increased by thirteen percent, due to a large increase in female hours. At the same time, the U.S. labor wedge, measured a[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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This paper studies the capital accumulation and welfare implications of reducing capital income taxation in a general equilibrium economy with uninsurable investment risk[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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Domestic public debt issued by emerging markets has risen significantly relative to international debt in recent years. Some recent empirical evidence also suggests that [...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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The authors develop a search model of venture capital in which the number of successful matches of entrepreneurs and venture capitalists (VCs) at any moment in time is a [...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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The authors study the macroeconomic consequences of large military buildups using a New Neoclassical Synthesis (NNS) approach that combines nominal rigidities within impe[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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The author examines the global impact of U.S. fiscal policy using the Bank of Canada's Global Economy Model (Lalonde and Muir 2007). In particular, she examines the globa[...]
2008 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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9.
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This paper describes the positive effect that corporate income tax has on capital formation in the presence of liquidity constraints and uninsurable risk. The author uses[...]
2002 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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This paper confirms the conjecture that the evaluation of tax policy leads to very different conclusions once the role of entrepreneurs is considered. Contrary to previou[...]
2002 | Text | Staff Working Paper - Document de travail du personnel |
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