.’s inquiry that bear on this effect. In particular, when Battisti et al. formulate a rule for the division between a worker and a … are taxed. When Battisti et al. formulate the GDP identity, the incorporation of capital is done incorrectly. Calibration … too high to be considered feasible. This suggests to us that even when the model of Battisti et al. is corrected, a …

-called when-issued market, largely absent from the literature, and presents some novel empirical results. Beyond its obvious …