by Joseph Joyce Capital Flows, Credit Booms and Bank Crises Studies of the impact of capital inflows have established that debt inflows can lead to bank crises (see here and…

…capital (we get away from the notions ectoplasm or lump of leets representations), then, as we mentioned, there is no way to measure the quantity of capital except by calculating…

by Joseph Joyce Capital Flows and Financial Crises The impact of capital flows on the incidence of financial crises has been recognized since the Asian crisis of 1997-98. Inflows before…

By Steve Roth  (originally published at Evonomics) The shares of income going to “capital” and “labor” are vexed issues. How much is received for doing work, and how much is unearned…

…expected pre-tax capital return are associated with capital taxation. Third, consumption growth appears to be pretty elastic to the after-tax capital return (i.e., capital is elastically supplied), even while it…

…The x-axis represents how the economy grows by utilizing more labor and capital. As you move right on the x-axis, you utilize more labor and capital with the demand line…

…labor and capital incomes consume. (Labor consumption is orange. Capital consumption is blue.) We see the drop in capital income consumption below. The rate of consumption by labor income is…

…impossible to maintain fixed exchange rates (in spite of the usual inflation differentials) without capital controls. The EC faced a choice between reintroducing capital controls or the Euro. Yes also…

…policy, and unregulated capital flows. A central bank that tries to achieve all three will be frustrated by the capital flows that respond to interest rate differentials, which in turn…

…capital inflows to 64 emerging market economies. Among the drivers of capital flows were real commodity prices: an increase in these prices increased flows to the emerging markets, particularly total…