Zobrazeno 1 - 10
of 13
pro vyhledávání: '"Xuan S Tam"'
Publikováno v:
The Economic Journal.
We quantitatively investigate the welfare costs of increasing tax revenues in low-income countries. We consider three tax instruments: consumption, labour income and capital income taxes. The analysis is based on a general equilibrium model featuring
Publikováno v:
International Finance Discussion Paper. 2020:1-48
We construct new indicators of financial regulatory intensity and find evidence that a "regulatory sine curve" generally exists: regulatory oversight increases following a recession and wanes as the economy returns to normalcy. We then build an asset
Publikováno v:
International Economic Review. 59:593-623
This article documents and interprets a fact central to the dynamics of informal consumer debt default. We observe that for individuals 60– 90 days late on payments, (i) 85% make payments during the next quarter, and (ii) 40% reduce their debt
Publikováno v:
SSRN Electronic Journal.
We quantitatively investigate the macroeconomic and distributional impacts of fiscal consolidations in low-income countries (LICs) through value added tax (VAT), personal income tax (PIT), and corporate income tax (CIT). We extend the standard hetero
Publikováno v:
American Economic Journal: Macroeconomics. 4:153-183
Important changes have occurred in unsecured credit markets over the past three decades. Most prominently, there have been large increases in aggregate consumer debt, the personal bankruptcy rate, the size of bankruptcies, the dispersion of interest
Publikováno v:
Journal of Monetary Economics. 56:83-103
We study the extent to which unsecured credit markets have altered the transmission of increased income risk to consumption variability over the past several decades. We find that unsecured credit markets pass through increased income risk to consump
In 2005, bankruptcy laws were reformed significantly, making personal bankruptcy substantially more costly to file than before. Shortly after, the US began to experience its most severe recession in seventy years. While personal bankruptcy rates rose
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4fa0a7b0648e8236ff6b8f720e59c16a
http://research.stlouisfed.org/wp/2014/2014-002.pdf
http://research.stlouisfed.org/wp/2014/2014-002.pdf
Publikováno v:
SSRN Electronic Journal.
The two channels of default on unsecured consumer debt are (i) bankruptcy, which legally grants partial or complete removal of unsecured debt under certain circumstances, and (ii) delinquency, which is informal default via nonpayment. In the United S