E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T17:01:45+00:00Capital Gains and Inflation Taxes in a Life-cycle Model
https://www.bankofcanada.ca/1999/01/working-paper-1999-2/
Inflation distorts an economy through many channels. This paper highlights the interaction between inflation and capital gains tax and how they distort an economy through the financial market. Several observations motivate this research. First, capital formation or investment is an important channel for economic agents to smooth their consumption over their life cycles. Second, capital […]1999-01-14T11:30:06+00:00enCapital Gains and Inflation Taxes in a Life-cycle Model1999-01-14Inflation: costs and benefitsCharles LeungGuang-Jia ZhangJanuary 1999EE5E6Dynamic Employment and Hours Effects of Government Spending Shocks
https://www.bankofcanada.ca/1999/01/working-paper-1999-1/
In this paper, we analyze the dynamic behaviour of employment and hours worked per worker in a stochastic general equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the United States using the Generalized Methods of Moments (GMM) estimation technique. An increase in government spending raises hours worked […]1999-01-11T11:12:01+00:00enDynamic Employment and Hours Effects of Government Spending Shocks1999-01-11Fiscal policyLabour marketsMingwei YuanWenli LiJanuary 1999EE2E24E3E32E6E62JJ6J64