Legislating for Good times and Bad
نویسنده
چکیده
article was first presented as a working paper at a conference at the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution. Thanks to the Hutchins Center and its staff for their input and support. Thanks also to participants in the NYU Law Faculty Summer Workshop, the NYU Tax Policy Colloquium, the UVA Invitational Tax Conference, the Columbia Law School Tax Policy Workshop, and the Junior Tax Scholars Workshop. Thanks also to Cerin Lindgrensavage for her superb research assistance. LEGISLATING FOR GOOD TIMES AND BAD David Kamin*
منابع مشابه
Competition in Healthcare: Good, Bad or Ugly?
The role of competition in healthcare is much debated. Despite a wealth of international experience in relation to competition, evidence is mixed and contested and the debate about the potential role for competition is often polarised. This paper considers briefly some of the reasons for this, focusing on what is meant by “competition in healthcare” and why it is more valuable to think about th...
متن کاملThe Good, the Bad, and the Ambiguous: The Aggregate Stock Market Dynamics around Macroeconomic News
Using a representative agent model in which the investor is averse to ambiguity (Knightian uncertainty) and sees an ambiguous piece of news about the fundamental value of a risky asset, I show a number of predictions for the dynamics of stocks around news: Stocks respond more strongly to bad news than to good news, respond positively to neutral news, and increase on average through news. In tim...
متن کاملHow Do Information Ambiguity and Timing of Contextual Information Affect Managers’ Goal Congruence in Making Investment Decisions in Good Times vs. Bad Times?
Information ambiguity is prevalent in organizations and may influence management decisions. This study draws upon research on information bias and ambiguity research to empirically test how information ambiguity and nonfinancial factors (e.g., interpersonal information) affect managers’ capital budgeting decisions when in good vs. bad times. Ninety-two managers completed two experiments. In Exp...
متن کاملEven the bad times were good?
Give us 5 minutes and we will show you the best book to read today. This is it, the even the bad times were good that will be your best choice for better reading book. Your five times will not spend wasted by reading this website. You can take the book as a source to make better concept. Referring the books that can be situated with your needs is sometime difficult. But here, this is so easy. Y...
متن کاملStock Market Overreaction to Bad News in Good Times: A Rational Expectations Equilibrium Model
This article presents a dynamic, rational expectations equilibrium model of asset prices where the drift of fundamentals (dividends) shifts between two unobservable states at random times. I show that in equilibrium, investors’ willingness to hedge against changes in their own “uncertainty” on the true state makes stock prices overreact to bad news in good times and underreact to good news in b...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2016