PUBLISHER: University of Chicago Press. October 2018: Tax Equivalences and their Implications w25158: Tax Equivalences and Their Implications in Tax Policy and the Economy, Volume 33, Robert A. Moffitt, editor: June 2018: Comment on "The Macroeconomics of Border Taxes" in NBER Macroeconomics Annual 2018, volume 33, Martin Eichenbaum and Jonathan A. Parker, editors: September 2017 PUBLISHER: University of Chicago Press. Volume 31. 2019 NBER's Entrepreneurship Research Boot Camp 2019 Tributes to Martin Feldstein's role at the NBER 2019 Big Data and High-Performance Computing for Financial Economics 2019 New Developments in Long-Term Asset Management 2019 34th Annual Conference on Macroeconomics Earlier Summer Institute Methods Lectures Earlier Martin Feldstein Lectures Michael Woodford shows that while the assumption of rational expectations is unrealistic, a finite-horizon forward planning model can generate results similar to those of a rational expectations equilibrium. If you have access to this journal as a benefit of membership in the sponsoring organization, log in through the member link in the right column. Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals. We analyze the dynamic macroeconomic effects of border adjustment taxes (BAT), both when they are a feature of corporate tax reform (C-BAT) and for the case of value-added tax (VAT). Volume 33. The extent to which individual responses to household surveys are protected from discovery by outside parties depends... © 2020 National Bureau of Economic Research. All Rights Reserved. June 2018: Accounting for Factorless Income with Loukas Karabarbounis in NBER Macroeconomics Annual 2018, volume 33, Martin Eichenbaum and Jonathan A. Parker, editors: May 2018: International Currencies and Capital Allocation with Matteo Maggiori, Jesse Schreger: w24673. Series: Macroeconomics Annual Purchase Book. NBER Macroeconomics Annual 2018, volume 33; Government Guarantees and the Valuation… Government Guarantees and the Valuation of American Banks. They also explore the propagation of large, rare shocks. The NBER Macroeconomics Annual provides a forum for leading economists to participate in important debates in macroeconomics and to report on major developments in macroeconomic analysis and policy. Handle: RePEc:nbr:nberch:14077 NBER Macroeconomics Annual 2018: Volume 33 (Volume 33) (National Bureau of Economic Research Macroeconomics Annual): 9780226645728: Economics Books @ Amazon.com "Transitional Dynamics in Aggregate Models of Innovative Investment," Annual Review of Economics, vol 11(1). In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Retirement and Disability, and the Bulletin on Health — as well as online conference reports, video lectures, and interviews. Banks’ ratio of the market value to book value of their equity was close to 1 until the 1990s, then more than doubled during the 1996–2007 period, and fell again to values close to 1 after the 2008 financial crisis. Volume 32. Loukas Karabarbounis and Brent Neiman study alternative ways to allocate output that is not associated with either capital or labor, what they call “factorless income.” Julian Kozlowski, Laura Veldkamp, and Venky Venkateswaran argue that the financial crisis increased perceived tail risk and led to higher demand for safe, risk-free, liquid assets. "Monetary Policy Analysis When Planning Horizons Are Finite," NBER Chapters, in: NBER Macroeconomics Annual 2018, volume 33, pages 1-50, National Bureau of Economic Research, Inc. They also explore the propagation of large, rare shocks. Authors' rights; Open access at Chicago; Obtaining permissions; ABOUT. Some economists argue that the drop in banks’ market-to-book ratio since the crisis is due to a loss in bank franchise value or profitability. Book: NBER Macroeconomics Annual 2018, volume 33. Personal Access. 2017. 2016. Book: NBER Macroeconomics Annual 2018, volume 33. editors: Martin Eichenbaum & Jonathan A. Parker. Kerwin Kofi Charles, Erik Hurst, and Mariel Schwartz document substantial changes in the manufacturing sector and the decline in employment among prime-aged Americans since 2000, and assess the relative effects of trade, and worker health and mobility. Kerwin Kofi Charles, Erik Hurst, and Mariel Schwartz document substantial changes in the manufacturing sector and the decline in employment among prime-aged Americans since 2000, and assess the relative effects of trade, and worker health and mobility. 2015. All Rights Reserved. Comment on "The Macroeconomics of Border Taxes" ," NBER Chapters , in: NBER Macroeconomics Annual 2018, volume 33 , pages 468-471, National Bureau of Economic Research… Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals. Share. "The Transformation of Manufacturing and the Decline in U.S. Employment," NBER Chapters, in: NBER Macroeconomics Annual 2018, volume 33, pages 307-372, National Bureau of Economic Research, Inc. Comparing US gross domestic product to the sum of measured payments to labor and imputed rental payments to capital results in a large and volatile residual or “factorless” income. Our analysis arrives at the following main conclusions. Martin Eichenbaum and Jonathan A. Parker, editors. Loukas Karabarbounis and Brent Neiman study alternative ways to allocate output that is not associated with either capital or labor, what they call “factorless income.” Julian Kozlowski, Laura Veldkamp, and Venky Venkateswaran argue that the financial crisis increased perceived tail risk and led to higher demand for safe, risk-free, liquid assets. Of all published articles, the following were the most cited within the past 12 months as recorded by Crossref. Volume 33 | 2018. This volume contains six studies on current topics in macroeconomics. NBER Macroeconomics Annual 2018, volume 33. Book editors: Martin Eichenbaum & Jonathan A. Parker. July 2018: Granular Comparative Advantage with Cecile Gaubert: w24807: June 2018: The Macroeconomics of Border Taxes with Omar Barbiero, Emmanuel Farhi, Gita Gopinath: w24702: May 2018: The Macroeconomics of Border Taxes with Omar Barbiero, Emmanuel Farhi, Gita Gopinath in NBER Macroeconomics Annual 2018, volume 33, Martin Eichenbaum and Jonathan A. Parker, editors 2020: NBER Macroeconomics Annual 2019, volume 34: Martin S. Eichenbaum, Erik Hurst, and Jonathan A. Parker, editors: 2019: NBER Macroeconomics Annual 2018, volume 33 ... 2018. Globalization and Welfare Impacts of International Trade, Shin-ichi Fukuda, Takeo Hoshi, and … Download Citation Omar Barbiero, Emmanuel Farhi, Gita Gopinath, and Oleg Itskhoki analyze the dynamic macroeconomic effects of border adjustment taxes, considering them both in the context of corporate tax reform and as a part of the value-added tax. N. Gregory Mankiw, 2018. " Volume 34. This volume contains six studies on current topics in macroeconomics. Conference held April 12-13, 2018 Published in June 2019 by University of Chicago Press © 2019 by the National Bureau of Economic Research in Macroeconomics Annual Book Series More information on purchasing this book 475 pages ISBN: 978-0-226-64572-8 Michael Woodford shows that while the assumption of rational expectations is unrealistic, a finite-horizon forward planning model can generate results similar to those of a rational expectations equilibrium. First, C-BAT is unlikely to be neutral at the macroeconomic level, as the conditions required for neutrality are unrealistic. Twitter LinkedIn Email. Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals. Series: Macroeconomics Annual. Published: N. Gregory Mankiw & Ricardo Reis, 2018. The book NBER Macroeconomics Annual 2018: Volume 33, Edited by Martin Eichenbaum and Jonathan A. Parker is published by University of Chicago Press Journals. NBER Macroeconomics Annual 2016, Volume 31. NBER Macroeconomics Annual 2018, volume 33, Front matter to "NBER Macroeconomics Annual 2018, volume 33", Editorial in "NBER Macroeconomics Annual 2018, volume 33", Monetary Policy Analysis When Planning Horizons Are Finite, Government Guarantees and the Valuation of American Banks, The Tail That Keeps the Riskless Rate Low, The Transformation of Manufacturing and the Decline in U.S. Employment, The 2020 Martin Feldstein Lecture: Journey Across a Century of Women, Summer Institute 2020 Methods Lectures: Differential Privacy for Economists, The Bulletin on Retirement and Disability, Productivity, Innovation, and Entrepreneurship, Conference on Econometrics and Mathematical Economics, Conference on Research in Income and Wealth, Improving Health Outcomes for an Aging Population, Measuring the Clinical and Economic Outcomes Associated with Delivery Systems, Retirement and Disability Research Center, The Roybal Center for Behavior Change in Health, Training Program in Aging and Health Economics, Transportation Economics in the 21st Century, Get permission to reprint part of this book. 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