Monthly Archives: June 2013

Atkin & Donaldson – Who’s Getting Globalized? The Size and Nature of Intranational Trade Costs

Originally posted on Trade Diversion:
David Atkin and Dave Donaldson are presenting this paper tomorrow afternoon at the NBER summer institute: This paper uses a newly collected dataset on the prices of narrowly defined goods  across many dispersed locations within…

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Can Lower Taxes Be Bought? The Role of Business Rent-Seeking

Robert Chirinko and Dan Wilson have a paper in which they estimate the economic value of $1 corporate donation in terms of lower corporate tax liabilities and find it is worth roughly $6.65. Abstract: The standard model of strategic tax competition assumes that … Continue reading

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Taxation and the Allocation of Talent

Ben Lockwood, Charles Nathanson and Glen Weyl have a paper on taxation and the allocation of talent that can justify progressive taxation strictly on efficiency grounds based on the following idea. “Low taxes encourage smart students to go into lucrative, … Continue reading

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On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability

From Maury Obstfeld: Banking systems have rapidly grown to a point where for many countries bank assets amount to multiples of GDP. As a consequence, government’s capacity to provide stability-enhancing fiscal guarantees against systemic crises can no longer be taken for … Continue reading

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Why Politicians Love Getting on TV: Words Rewarded Just as Much as Results

Justin Grimmer, Solomon Messing and Sean Westwood have an interesting paper that shows that voters give similar credit for members of Congress who (1) intend to request funds, (2) request funds, and (3) secure funds. The idea is that members … Continue reading

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One thing I learned in Hanover this weekend – UK Housing Subsidies Edition

Sorry for the light posting – I was out of town for a college reunion. It was great to talk to old classmates. One of my friends who lives in London told me about new UK mortgage subsidy programs that … Continue reading

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Intergenerational Occupational Mobility in Great Britain and the United States since 1850

From Long and Ferrie: The US tolerates more inequality than Europe and believes its economic mobility is greater than Europe’s, though they had roughly equal rates of intergenerational occupational mobility in the late twentieth century. We extend this comparison into the … Continue reading

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