Browsing by Subject "G11"

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Browsing by Subject "G11"

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    Title: Optimal Debt Bias in Corporate Income Taxation  Author(s): SIMON, Jenny Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: I present a rationale for a government to discriminate between debt and equity financing when taxing corporate income. For risk-averse entrepreneurs, equity generates more surplus than debt, because it provides financing ...
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    Title: Realized Beta GARCH: Multivariate GARCH model with realized measures of volatility and covolatility  Author(s): HANSEN, Peter Reinhard; LUNDE, Asger; VOEV, Valeri Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We introduce a multivariate GARCH model that incorporates realized measures of volatility and covolatility. The realized measures extract information about the current level of volatility and covolatility from high-frequency ...
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    Title: The Saving Glut Explanation of Global Imbalances. The Role of Underinvestment  Author(s): CORNELI, Flavia Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: According to the “Saving Glut hypothesis”, global imbalances are caused by inefficiently high level of precautionary savings in .nancially underdeveloped regions, where agents have limited opportunity to diversify idiosyncratic ...
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    Title: Indirect Estimation of Elliptical Stable Distributions  Author(s): LOMBARDI, Marco J.; VEREDAS, David Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: We present an indirect estimation approach for elliptical stable distributions which relies on the use of a multivariate Student-t distribution as auxiliary model. This distribution is also elliptical and we show that ...
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    Title: The Home Bias of the Poor: Terms of Trade Effects and and Portfolios across the Wealth Distribution  Author(s): BROER, Tobias Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Wealthier people generally hold a larger part of their savings in risky assets. Using the US Survey of Consumer Finances, I show that wealthier households also have a higher portfolio share of foreign assets. This ...