NBER Macroeconomics Annual 2018, volume 33, Front matter to "NBER Macroeconomics Annual 2018, volume 33", Editorial in "NBER Macroeconomics Annual 2018, volume 33", Monetary Policy Analysis When Planning Horizons Are Finite, Government Guarantees and the Valuation of American Banks, The Tail That Keeps the Riskless Rate Low, The Transformation of Manufacturing and the Decline in U.S. Employment, The 2020 Martin Feldstein Lecture: Journey Across a Century of Women, Summer Institute 2020 Methods Lectures: Differential Privacy for Economists, The Bulletin on Retirement and Disability, Productivity, Innovation, and Entrepreneurship, Conference on Econometrics and Mathematical Economics, Conference on Research in Income and Wealth, Improving Health Outcomes for an Aging Population, Measuring the Clinical and Economic Outcomes Associated with Delivery Systems, Retirement and Disability Research Center, The Roybal Center for Behavior Change in Health, Training Program in Aging and Health Economics, Transportation Economics in the 21st Century, Get permission to reprint part of this book. Authors' rights; Open access at Chicago; Obtaining permissions; ABOUT. We analyze the dynamic macroeconomic effects of border adjustment taxes (BAT), both when they are a feature of corporate tax reform (C-BAT) and for the case of value-added tax (VAT). Volume 31. Book editors: Martin Eichenbaum & Jonathan A. Parker. This volume contains six studies on current topics in macroeconomics. They also explore the propagation of large, rare shocks. This volume contains six studies on current topics in macroeconomics. Conference held April 12-13, 2018 Published in June 2019 by University of Chicago Press © 2019 by the National Bureau of Economic Research in Macroeconomics Annual Book Series More information on purchasing this book 475 pages ISBN: 978-0-226-64572-8 Personal Access. "Monetary Policy Analysis When Planning Horizons Are Finite," NBER Chapters, in: NBER Macroeconomics Annual 2018, volume 33, pages 1-50, National Bureau of Economic Research, Inc. 2015. July 2018: Government Guarantees and the Valuation of American Banks with Adrien d'Avernas, Andrea L. Eisfeldt, Pierre-Olivier Weill in NBER Macroeconomics Annual 2018, volume 33, Martin Eichenbaum and Jonathan A. Parker, editors: June 2018 NBER Macroeconomics Annual 2018, volume 33; Government Guarantees and the Valuation… Government Guarantees and the Valuation of American Banks. June 2018: Accounting for Factorless Income with Loukas Karabarbounis in NBER Macroeconomics Annual 2018, volume 33, Martin Eichenbaum and Jonathan A. Parker, editors: May 2018: International Currencies and Capital Allocation with Matteo Maggiori, Jesse Schreger: w24673. Comparing US gross domestic product to the sum of measured payments to labor and imputed rental payments to capital results in a large and volatile residual or “factorless” income. Volume 30. Some economists argue that the drop in banks’ market-to-book ratio since the crisis is due to a loss in bank franchise value or profitability. Volume 32. Martin Eichenbaum and Jonathan A. Parker, editors. Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals. They also explore the propagation of large, rare shocks. Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals. SUBSCRIBE/RENEW. Comment on "The Macroeconomics of Border Taxes" ," NBER Chapters , in: NBER Macroeconomics Annual 2018, volume 33 , pages 468-471, National Bureau of Economic Research… Andrew Atkeson, Adrien d’Avernas, Andrea Eisfeldt, and Pierre-Olivier Weill investigate whether the U.S. financial sector is safer than it was before the financial crisis and examine the ratio of market-to-book values of banks. 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