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1 - 10 van 41 voor debt burden
Microsoft Word - memo158
... , impact of dropout prevention programs, mathematica policy research, princeton, new york. field, e., 2006, educational debt burden and career choice evidence from a financial aid experiment at nyu law school, nber working ...
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Microsoft Word - Memorandum AFC.doc
... contagion index.html. since most of their loans represented unhedged foreign currency exposures, the debt burden of korean and indonesian banks and corporations was severely worsened by the continued ... sheet effects (adb, one hand, the ensuing currency depreciation would increase the burden of foreign currency denominated debt. on the other hand, the outflow of capital would deflate asset ...
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appendix derivations dsge model pdf
... (it +(1- )kt-1 -kt) where t 1 t i foc with respect to government debt holding t from now on, we will impose this directly. the foc with respect to ... a fiscal policy rule so that debt remains bounded. the following example uses lump-sum taxes to pay off slightly more than the interest burden on outstanding debt 1 1-d ls,t ...
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Microsoft Word - ageing_.doc
... to care about sustainability. this could be an additional reason not to burden future generations with a debt of ageing'. although economic growth is, on average, expected to raise future ... little to restore intergenerational equity. instead of an explicit debt, future generations then have to bear a burden through an implicit debt in the form of lower benefits from government expenditures. ...
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Microsoft Word - DP128_demooij _2_.doc
... cbit shifts the tax burden away from rents towards marginal investment returns. on balance, the effect is ambiguous the cost of capital on low-yielding investments financed by debt will rise, ... studies using count data on investment typically report significant negative elasticities for the average tax burden. moreover, effective average tax rates (eatrs) are found to exert a larger and more ...
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analysis individual accounts unemployment risk netherlands pdf
... in lifetime income over the working and retirement periods and thus to reduce the risk burden associated with incomplete provision of insurance against unemployment. this is how the capital market perfection ... crook and hochguertel (2005) and kapteyn and panis (2003). crook and hochguertel (2005) consider household debt holdings and the role of credit constraints. they have data for both the demand ...
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Microsoft Word - DP ECA voorblad.doc
... , we 9 include a ...nancial distress cost associated with high debt positions. the marginal cost of debt ...nance increases in the debt share. in cortax, the convexity of the ...nancial distress ... game because pro...t shifting allows multinationals to reduce their overall tax burden. taking away this opportunity raises the tax burden for ...rms, discourages investment and hurts welfare. a second e ...
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Microsoft Word - DP CCCTB voorblad.doc
... theory, we include a financial distress cost associated with high debt positions. the marginal cost of debt finance increases in the debt share. in cortax, the convexity of the financial distress ... of the revenues raised by corporate taxes. hence, corporate tax systems impose a sizeable excess burden via investment and financial distortions. 10 multinationals in maximising the value of the firm, ...
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Microsoft Word - doc189.doc
... , maar gevolg van de maatschappelijke behoefte tot inkomensherverdeling. de overlast ( excess burden') van belastingheffing is de prijs van maatschappelijke gelijkheid. belastingverstoringen worden echter ... redistribution, optimal second-best policy rules, public goods, public investment, corrective taxation, debt policy, instrument choice. a comprehensive summary is available from www.cpb. ...
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doc211.pdf
... , e.g., the bank's creditors and, ultimately, the taxpayer, will have to bear the burden. the combination of moral hazard and limited liability therefore makes banks risk loving.13 as ... financial firms. some argue that banks finance themselves largely with short-term demandable debt to solve this problem. such debt serves two purposes (calomiris en kahn, 1991; flannery, 1994). first, it solves ...
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