 | Tax Elasticity Estimates for Capital Stocks in Canada Author/Editor: Jean-François Wen, Fatih Yilmaz, Danea Trejo. Release Date:May, 2020 The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open economy, exploiting three sources of variation in Canadian tax policy: across more...
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| Soft Power and Exchange Rate Volatility Author/Editor: Serhan Cevik, Richard Harris, Fatih Yilmaz. Release Date:March, 2015 Standard models—based exclusively on macro-financial variables—have made little progress
in explaining the behavior of exchange rates. In this paper, we introduce a neglected set of more...
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