Showing papers in "Carnegie-Rochester Conference Series on Public Policy in 1982"

TL;DR: In this paper, a broad exploratory data analysis is conducted to assess the promise of a kind of model in which long-term asset prices change through time primarily due to consumption related changes in the rate of discount.

TL;DR: In this article, the authors provide a detailed discussion of the real phenomena that materialized in the stabilization period which followed the German hyper-inflation and conclude that significant real dislocations arose after the monetary reform; and these can be attributed to a government policy which subsidized heavy industry through the inflation tax proceeds.

TL;DR: The authors focused on microeconomic incentives set in motion by Federal Reserve decisions about how to implement the reserve-requirement and pricing-of-service provisions of the Depository Institutions Deregulation and Monetary Control Act of 1980 (the DIDMC Act).

TL;DR: In this article, the authors describe the essential similarity between "modern" commercial policy, with its rent-like revenues, and capital transfers and examine some important supply-side welfare costs and consequences of import barriers through their influence on current asset prices and future capital formation.