WASHINGTON, Sept. 14 /U.S. Newswire/ -- American Shareholders Association (ASA) today applauded Reps. Pence (R-Ind.) and Cantor (R- Va.) for introducing legislation seeking to finally rid the federal government's tax on inflationary capital gains. Under their proposal, H.R. 6057, a taxpayer holding an asset for more than three years will have their capital gain or loss determined by a cost basis adjusted for inflation using the "Gross Domestic Product Deflator. Since 1913, the U.S. Treasury Department has ignored the effects of inflation when calculating capital gains taxes. As a result, the effective tax rate on real gains is about twice the current rate of nominal gains, according to estimates made by the Congressional Budget Office (CBO).
...Furthermore, we also look at both nominal and real exchange rates. Therefore, the following ... estimated the equation for both real effective exchange rate and nominal effective exchange rates...
This article examines the macroeconomic factors influencing the flow of remittances to selected English-speaking Caribbean countries. A balanced two way fixed effects (FE) model, a random effects (RE) model and the adjusted fully modified ordinary least squares (FMOLS) model (designed to correct biases in OLS)are employed in estimating a relationship between per capita remittances and selected macroeconomic variables. This article also examines the time series properties of the data within a panel unit root and cointegration framework and in this respect, adds an important new dimension to the time series models on remittances by removing the possibility of a spurious relationship (Pedroni 1995,1997, 2000). The results strongly suggest that there is cointegration among the variables, an...
... host and home country, including interest rate differentials, macro-economic stability, currency ... the foreign currency premium and the nominal exchange rate, as an explanatory variable. This ap...The variable it lreer is the real effective exchange rate, which is used instead of the nomina...
... in a liquidity trap and that the most effective tool against it would be to create or increase inf... money will be infinitely elastic when the nominal interest rate is zero or close to zero. The purpos...
... and complaint proceedings, the annual effective interest rate shall be the same as the annual nomiinal (or stated) rate. Thus, the nominal rate must be factored exponentially to the power r...
This paper reviews a bulk of the empirical studies on import demand estimates for Japan which findings are mixed and inconclusive. This review article contributes to the literature in at least two ways: 1. provide a detailed review on the papers which have studied the import demand behavior for Japan, and 2. discuss the issues of import demand framework with reference to Japan, in particular, the determinants of demand for imports. This is a survey paper, which reviews the studies that investigated Japan's import demand behavior in aggregate levels, particularly. This paper concludes that the results of Japan's import demand depend on the model specification and the estimation technique. This paper also reviews the issues, which are related to the candidate determinants of aggregate imp...
... prices of imports, tariffs and/or exchange rates (Sawyer and Sprinkle, 1997, p. 248).1. Japan has e... Bahmani-Oskooee and Kara (2003) included nominal effective exchange rate for traditional import dem...
Why monetary tightening to fight inflation can spook foreign investors and dampen the stock market. STOCK markets in Asia have been adversely affected by developments in the MENA or Middle East and North African countries. And this is in no small measure due to the fact that besieged Libya is a large oil producer.
... still positive in Malaysia because the nominal interest rate of 2.75 is still higher than the off...In China the real effective interest rate was a positive 1.16% in February 201...
... the role of the relative prices (or exchange rate) in balance of payments adjustments by considering...where [IM.sup.d] is demand for nominal imports, and [u.sub.1] is a random error term with... to estimate disequilibrium systems, an effective test based on this approach should be feasible in ...
Some studies suggest that the issuance of Treasury Inflation-Protected Securities (TIPS) -- inflation-indexed debt -- has not been as cost-effective for the Treasury as the issuance of nominal securities. The studies base their conclusions on ex post analysis, that is, they look back from the actual inflation outcome to determine whether TIPS issuance costs exceeded the costs of nominal Treasury issuances of similar durations. This article argues that the ex post approach has drawbacks when it comes to assessing the costs and benefits of TIPS over the long run; instead, an ex ante approach is recommended. A comprehensive analysis of TIPS should also consider the program's other, more difficult-to-quantify, benefits -- especially when cost analysis shows that TIPS are only marginally mor...
... that prior to 2004, the break-even inflation rate is below a survey measure of inflation expectation...
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