. These countries place few restrictions on capital mobility and allow their exchange rates to float. The domestic focus of … volatility and less frequent “sudden stops” of capital flows than similar countries that do not target inflation. Inflation …

recovery (itself driven by changes in capital policies since the world wars) and by the slowdown of productivity and population …-income ratio β is about 300% if g= 3% and 600% if g= 1.5%. Our results have important implications for capital taxation and … regulation and shed new light on the changing nature of wealth, the shape of the production function, and the rise of capital …

Does it always pay to install high-quality capital? Or could it possibly be more profitable to make investments that do … not last too long? In this Paper we ponder the optimal rate of depreciation of physical capital, first in the Solow model … investment – is equal to the marginal cost, which is the additional cost of investing due to the higher quality of capital. The …

This paper analyzes financial institutions' capital allocation decisions when their required equity capital depends on … can be delegated through an economic value added (EVA) compensation contract and solve for the optimal capital allocation … precisely the notion of risk-adjusted return on capital (RAROC) and how it can be used as a performance measure. …

less than the marginal resource rents equals the expected capital gains on reserves of natural resources plus the expected …

To identify the effect of social capital on financial development, we exploit the well-known differences in social … capital and trust (Banfield (1958), Putnam (1993)) across different parts of Italy, using microeconomic data on households and …

depletion are faster than demanded by the Hotelling rule. As a result, the country substitutes away from resources to capital so …

regulators try to resolve these problems. We find that liberalizing bank capital flows between economies reduces total welfare by … field' forcing international harmonization of capital requirements and deposit rates across economies. Such a policy is good … for weaker regulators whereas a laissez-faire policy under which each country chooses its own capital requirement is …