…of capital account liberalization on inequality. They looked at 58 episodes of capital account reform in 17 advanced economies, and found that the Gini coefficient (a measure of inequality) increased…

…exchange market intervention and setting higher policy rates. Moreover, macro prudential policies were strengthened and capital controls tightened in response to capital surges. On the other hand, capital flows were…

…of capital is also e^beta>1. This means that, for a given capital labor ratio, the rate of return is lower. So this means that the real depreciation implies a lower…

…a subsidy from the state. Investors have capital income — interest after tax A_tf'(K_t)-tau_tK where tau_t is the rate of taxation of capital, A_t is their wealth and K_t is…

…capacity can perform its necessary labour only if its surplus labour has value for capital, if it can be realized by capital. Thus, if this realizability is blocked by one…

by Linda Beale More on Greg Mankiw’s weak arguments for the Bain capital gains preference A few days ago, I commented on the weak arguments Greg Mankiw had put forth…

…annual intervals. At the end of each year the Trustees make a determination of financial adequacy of the Trust Funds where the metric is the NEXT YEAR of expenses for…

…indicating that assets would fall below the 100-per cent level sometime during 2017. Accordingly, the DI Trust Fund does not satisfy the Trustees’ short-range test of financial adequacy under both…

…test of short-range financial adequacy.” The Trust Fund failed the test for the first time per the 2020 annual report, long after Bruce’s proposal was confirmed workable by the Social…

…new, nontraditional rating agency called Demotech gives these companies high ratings. Despite the fact that these companies were nominally regulated by the Florida insurance commissioner, presumably for capital adequacy, during…