This is a completely revised edition of the well-known monetary textbook. The book
discusses the latest analytical developments in monetary economic theory in a …

A groundbreaking reference, this book provides a comprehensive review of tax policy from
political, legal, constitutional, administrative, and economic perspectives. A collection of …

/(1-T)(1) where q is the price of capital goods relative to output, r is the real interest rate, 5 is
the rate of economic depreciation, t is the corporate tax rate, A is a differencing operator, and …

We reformulate the partisanship thesis in light of four claims leveled against it. The
reformulated version, ideological partisanship, is based upon the theory that similar rates of …

OVER THE PAST FORTY YEARS, tax treatment of income from capital in general, and
income from producer's durable equipment in particular, has been changed in the United …

Asses prices and investment were unusually weak throughout the industrial world during the
early 1990s. This paper highlights this stylized fact, and connects it with another: in most of …

Die Beurteilung von Steuersystemen ist nach neuerem Theorieverständnis kein Gegenstand
von Wertungen, sondern ist von der Erwünschtheit ihrer ökonomischen Wirkungen …

The second half of the 1980s witnessed a major and widespread recovery in business
investment expenditures in the OECD countries. Real gross fixed investment by the …

We examine the effect of the exports on the relationship between domestic investment and
economic growth. Data for 28 Developed Countries over the period 1998–2021 are used for …

This paper assesses whether the program of trade liberalization undertaken by Mexico after
1985 was undermined by lack of credibility. It provides an empirical counterpart to some of …