Table of contents and editorial information for Vol. 30, no. 1, Fall 2002

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About the Journal, Author Information Pack & Table of Contents

About the Journal, Author Information Pack & Table of Contents

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IMF Staff Papers, Vol.49, No.1, 2002

The paper studies the dynamic macroeconomic and welfare effects of tax policy in the context of an overlapping-generations model of the Yaari-Blanchard type for a closed economy. The model is extended to allow for endogenous labor supply and three tax instruments—namely, a capital tax, labor income tax, and consumption tax. It is shown that labor taxes increase welfare of old generations wherea...

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IMF Staff Papers, Vol.49, No.1, 2002

Based on industry-level data for majority-owned U.S. foreign affiliates in 49 countries, this paper identifies the determinants of the cross-country distribution of fixed capital within multinational companies. Controlling for market size and trade openness, it is shown that U.S.-owned capital stocks are high in countries with a history of high profitability and low earnings variability. Simila...

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IMF Staff Papers, Vol.49, No.1, 2002

We assess the progress made by the profession in understanding real exchange rate behavior through a selective and critical, but nonetheless expository, review of the literature. Our reading of the literature leads us to the main conclusions that purchasing power parity might be viewed as a valid long-run international parity condition when applied to bilateral exchange rates obtaining among ma...

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ژورنال

عنوان ژورنال: Educational Considerations

سال: 2002

ISSN: 0146-9282

DOI: 10.4148/0146-9282.1262