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Equilibrium security prices with capital income taxes and an exogenous interest rate
Rapp, Marc Steffen; Schwetzler, Bernhard - 2008
stock markets and a global bond market. Therefore, we analyze an equilibrium model of an economy with binomial uncertainty …
Persistent link: https://www.econbiz.de/10010305709
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Konstruktion einer Anleihe mit hypothekarischer Besicherung
Alram, Johannes - 2009
This work describes the legal structuring of a mortgage covered bond in accordance with the regulations of paragraphs … rights of the bond holders according to the regulations of the German Statue Governing Common Rights of Owners of Debt … Securities (Schuldverschreibungsgesetz). Furthermore, the work describes how the bond creditors shall have preferences of the …
Persistent link: https://www.econbiz.de/10010298959
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Exploring the CDS-Bond Basis
De Wit, Jan - 2006
. Nonetheless, the average CDS-bond basis (i.e. the difference between both measures) is positive in the period 2004-2005. We detect …
Persistent link: https://www.econbiz.de/10011506625
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Second-best optimal taxation of oil and capital in a small open economy
Petrucci, Alberto - 2010
This paper analyzes the efficient taxation of oil and capital income in an oil-dependent infinite-lived economy facing perfect capital mobility. Two cases are examined: one with product market imperfections and free tax choice, one with perfect competition and tax restrictions. The optimal tax...
Persistent link: https://www.econbiz.de/10010272378
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Abschaffung des Steuerprivilegs: Kapitaleinkommen
Gärtner, Manfred - In: Wirtschaftsdienst 94 (2014) 5, pp. 308-309
Persistent link: https://www.econbiz.de/10010368633
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The determinants of stock and bond return comovements
Baele, Lieven; Bekaert, Geert; Inghelbrecht, Koen - 2007
We study the economic sources of stock-bond return comovement and its time variation using a dynamic factor model. We … dynamics of stock-bond return correlations poorly. Alternative factors, such as liquidity proxies, help explain the residual …
Persistent link: https://www.econbiz.de/10011506640
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Capital Taxation, Long-run Growth, and Bequests
Kunze, Lars - 2009
It has been shown that higher capital taxes can have a growth-enhancing effect when combined with a revenue-compensating cut in wage taxes (Uhlig and Yanagawa 1996; European Economic Review 40, 1521-1540) or with an expansion in productivity-increasing public services (Rivas 2003; European Economic...
Persistent link: https://www.econbiz.de/10010265806
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Taxes and pensions
Diamond, Peter - 2009
Pension benefit rules depend on individual history far more than taxes do, and age plays a much larger role in pension determination than in tax determination. Apart from some simulation studies, theoretical studies of optimal tax design typically contain neither a mandatory pension system nor...
Persistent link: https://www.econbiz.de/10010272934
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Up or down? Capital income taxation in the United States and the United Kingdom
Polito, Vito - 2010
Empirical evidence suggests that the Effective Marginal Tax Rate (EMTR) on income from capital has increased considerably in both the United States and the United Kingdom over the period 1982-2005. This evidence contradicts the corporate tax literature which predicts that the EMTR should instead...
Persistent link: https://www.econbiz.de/10010274779