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Are Progressive Income Taxes Stabilizing?
International audience -
Linearly Progressive Income Taxes and Stabilization
International audience -
Identification of Sunspots on Full-Disk Solar Images Using Wavelet Analysis
International audience -
Comparing Expectational Stability Criteria in Dynamic Models: A Preparatory O...
This paper compares the most significant expectational stability criteria that have been used to assess the plausibility of perfect foresight trajectories in... -
Liquidity Constraints, Heterogeneous Households and Sunspots Fluctuations
This paper is concerned with the empirical relevance of indeterminacy and sunspots in explaining the business cycle. It argues that financial constraints provide a... -
Sunspots and predictable asset returns
International audience -
Indeterminacy and sunspot fluctuations in two-sector RBC models: theory and c...
We analyze sunspot-driven fluctuations in the standard 2-sector RBC model with moderate increasing returns to scale. We provide a detailed theoretical analysis... -
The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in...
Existing literature continues to be unable to offer a convincing explanation for the volatility of the stochastic discount factor in real world data. Our work provides... -
Indeterminacy and Sunspot Fluctuations in Two-Sector RBC models: Theory and C...
We analyze sunspot-driven fluctuations in the standard 2-sector RBC model with moderate increasing returns to scale. We provide a detailed theoretical analysis...
