Can Tax Evasion Tame Leviathan Governments? (2008)
This paper asks to what extent institutional features that facilitate tax evasion may keep Leviathan governments at bay. The specific feature we look at is banking secrecy abroad. The analysis draws...
Teaching Real Business Cycles to Undergraduates (2007)
The authors review the graphical approach to teaching the real business cycle model introduced by Barro (1984). Graphical and exact models are compared by means of impulse response functions. The...
Information processing with recursive utility: some intriguing results (2007)
Much of the recent research in Macroeconomics and Finance uses models where the representative agent has a recursive utility function. We study information processing with such preferences in a...
State uncertainty aversion and the term structure of interest rates (2007)
This paper proposes a new explanation for the empirical finding that yields on risk-free bonds are increasing with their maturity (the term premium). The key assumption is that investors not only...
Macroeconomic effects of bank secrecy when tax evasion is endogenous (2006)
We analyze a multi-country model in which a small group of countries adopts banking secrecy (BS) laws and a withholding tax. The other group doesn't. BS countries benefit in all relevant...
Can tax evasion tame Leviathan governments? (2006)
This paper looks at how income tax rates, consumption and public spending respond as venues for tax evasion open or close. The analysis draws on a 16-generation OLG model in which tax rates are...
Partisan Theory and the New Keynesian and Sticky-Information Phillips Curves (2005)
This paper attempts two things: First, to modernize partisan theory by merging the idea of partisan differences in macroeconomic preferences with recent, optimizing models of aggregate supply that...
Welfare and distribution effects of bank secrecy laws (2005)
We analyze an overlapping-generations world comprising two groups of small countries whose preferences for public spending differ. Key steady-state effects from introducing bank secrecy and a...
Partisan Theory and the New Keynesian and Sticky-Information Phillips Curves
This paper attempts two things: First, to modernize partisan theory by merging the idea of partisan differences in macroeconomic preferences with recent, optimizing models of aggregate supply that...
Macroeconomic effects of banking secrecy when tax evasion is endogenous
We analyze a multi-country model in which a small group of countries adopts banking secrecy (BS) laws and a withholding tax. The other group doesn't. BS countries benefit in all relevant...
Can tax evasion tame Leviathan governments?
This paper looks at how income tax rates, consumption and public spending respond as venues for tax evasion open or close. The analysis draws on a 16-generation OLG model in which tax rates are...
Information Quality and Stock Returns Revisited
Frode Brevik, Stefano D'Addona
Building on Veronesi (2000), we investigate the relationship between the quality of information on the state of the economy and the equity risk premium. We analyze the driving forces of the premium...
Information processing with recursive utility: some intriguing results
Frode Brevik, Stefano D'Addona
We study information processing in a simple endowment economy where the mean consumption growth rate are governed by a hidden state variable and agents have recursive preferences. We show that for...
Information Quality and Stock Returns Revisited
Frode Brevik, Stefano D'Addona
Building on the seminal work of Veronesi (2000), we investigate the relationship between the quality of information on the state of the economy and equity risk premium. In this, we use a setup where...
Welfare and Distribution Effects of Bank Secrecy Laws
We analyze an overlapping-generations world comprising two groups of small countries whose preferences for public spending differ. Key steady-state effects from introducing bank secrecy and a...
Can tax evasion tame Leviathan governments?
Leviathan government, Income tax, Tax evasion, Public spending, Rent seeking,
Teaching Real Business Cycles to Undergraduates
Frode Brevik, Manfred Gärtner
The authors review the graphical approach to teaching the real business cycle model introduced in Barro. They then look at where this approach cuts corners and suggest refinements. Finally, they...