Browsing by Author "201-0496884"
Now showing items 1-20 of 35
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(The MIT Press, 2001)Tax compliance studies usually focus on the effect of enforce-ment spending on tax evasion. Reliable estimates are difficult to obtain because evasion data are often suspect. This note shows how tax revenues can be used ...
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(John Wiley & Sons Ltd, 1984)Conditions under which sums, products and time-aggregation of ARMA processes follow ARMA models are derived from a single theorem. This characterizes these processes in terms of difference equations satisfied by their ...
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(AMER ECONOMIC ASSOC, 2013-10)The sensitivity of US aggregate investment to shocks is procyclical. The response upon impact increases by approximately 50 percent from the trough to the peak of the business cycle. This feature of the data follows naturally ...
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(European Economic Association, 2013-02)Publicprivate partnerships (PPPs) have been justified because they release public funds or save on distortionary taxes. However, the resources saved by a government that does not finance the upfront investment are offset ...
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(Banco Central de Chile, 2011)We explore the role of fiscal policy over the business cycle from a normative perspective, for a government with a highly volatile and exogenous revenue source. Instead of resorting to Keynesian mechanisms, in our framework ...
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(ILADES-Georgetown University, Universidad Alberto Hurtado, 1995)How consumers behave has important consequences when assessing the effectiveness of particular consumer protection policies. In this paper it is argued that policies that rely strongly on consumer rationality, such as ...
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(Elsevier, 2004)On theoretical grounds alone, there is no a priori reason why higher taxes should reduce the desired capital stock, since a tax increase reduces marginal returns but also increases depreciation and interest payment allowances. ...
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(Centro de Estudios Públicos, 1997)En este trabajo se analiza la licitación de concesiones viales urbanas argumentándose que las predicciones de tráfico son aún más imprecisas que en el caso interurbano y que es deseable que el mecanismo de licitación permita ...
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(EXPANSIVA, 2007)Los ingresos fiscales provenientes del cobre durante el 2006 llegaron a niveles nunca antes vistos. Buena parte de la bonanza ha sido ahorrada y será gastada en el futuro, siguiendo la regla de superávit estructural. ¿Es ...
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(The Econometric Society, 1991)In this paper we provide a framework to study the aggregate dynamic behavior of an economy where individual units follow (S, s) policies. We characterize structural and stochastic heterogeneities that ensure convergence ...
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(ELSEVIER, 2013-03)Microeconomic flexibility is at the core of economic growth in modern market economies because it facilitates the process of creative-destruction. The main reason why this process is not infinitely fast, is the presence ...
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(Universidad de Chile, 2013-11)Haciendo uso de una base de datos de panel con información de empleo contratado y subcontratado a nivel de firma, y explotando la variación que generó la regulación del trabajo en régimen de subcontratación de Chile en ...
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(The Econometric Society, 1999)In this paper we derive a model of aggregate investment that builds from the lumpymicroeconomic behavior of firms facing stochastic fixed adjustment costs. Instead of theŽ.standard sharp S, s bands, firms’ adjustment ...
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(Universidad de Chile, 2008-09)There is evidence of diverse inefficiencies affecting labor markets of developing countries today. In a context of skill-biased technological change and mismatch between skill requirements and endowments of human capital, ...
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(Oxford University Press, 1993)When firms face menu costs, the relation between their output and money is highly nonlinear. At the aggregate level, however, this needs not be so. In this paper we study the dynamic behavior of a general equilibrium ...
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(ACADEMIC PRESS INC ELSEVIER SCIENCE, 2005-05)It has become increasingly common worldwide to auction the construction and operation of new highways to the bidder that charges the lowest toll. The resulting highway franchises often entail large increases in the value ...
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(American Economic Association, 1997)We build a conceptual framework to analyze the virtues and limitations of alternative mechanisms that can be used to auction a highway. We argue that current mechanisms, which fix the term of the franchise, create unnecesary ...
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(Wiley, 2004)A seaport is awarded in a Demsetz auction to the operator bidding the lowest cargo-handling fee. The competitive auction is irrelevant if the port operator integrates into shipping and sabotages competitors, thus providing ...
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(The University of Chicago Press, 2001)In this paper we show that fixed-term contracts, which are commonly used to franchise highways, do not allocate demand risk optimally. We characterize the optimal risk-sharing contract and show that it can be implemented ...
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(JSTOR, 1993)The basic premise of this paper is that understanding aggregate dynamics requires considering that agents are heterogeneous and that they do not adjust continuously to the shocks they perceive. We provide a general ...
