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Browsing Duke Faculty Scholarship by Author "Chami, Ralph"

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Browsing Duke Faculty Scholarship by Author "Chami, Ralph"

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  • Are Immigrant Remittance Flows a Source of Capital for Development?
    Chami, Ralph; Fullenkamp, Connel; Jahjah, Samir (SSRN eLibrary, 2003)
    The role of remittances in development and economic growth is not well understood. This is partly because the literatures on the causes and effects of remittances remain separate. We develop a framework that links the ...
  • Capital Trading, Stock Trading, and the Inflation Tax on Equity
    Chami, Ralph; Cosimano, Thomas F.; Fullenkamp, Connel (SSRN eLibrary, 2000)
    A market for used capital goods, or financial instruments that represent the ownership of the used capital goods, induces inflation taxes on wealth and on the nominal income flows they provide. This paper explicitly ...
  • Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note
    Baier, Scott L.; Carlstrom, Charles T.; Chami, Ralph; Cosimano, Thomas F.; Fuerst, Timothy S.; Fullenkamp, Connel (SSRN eLibrary, 2003)
    l Trading, Stock Trading, and the Inflation Tax on Equity," Chami, Cosimano, and Fullenkamp (2001) (hereafter, CCF) analyze a cash-in-advance model in which capital goods are explicitly traded. The authors show that there ...
  • The Market Value of Family Values
    Chami, Ralph; Fullenkamp, Connel (SSRN eLibrary, 1997)
    is a description of the paper and not the actual abstract. This paper analyzes how transfers among family members affect the behavior of transfer recipients in the market and how market prices reflect the presence of ...
  • Ownership of Capital in Monetary Economies and the Inflation Tax on Equity
    Chami, Ralph; Cosimano, Thomas F.; Fullenkamp, Connel (SSRN eLibrary, 1998)
    Asset pricing models have only partially captured the true inflation risk of equities. The contribution of this paper is to identify and quantify the extra inflation tax on equities that results when ownership of physical ...
  • Should Subsidized Private Transfers Replace Government Social Insurance?
    Chami, Ralph; Fullenkamp, Connel (SSRN eLibrary, 2000)
    ansfers between individuals or through organized charities are increasingly viewed as an alternative for government social insurance programs. This paper models the incentive effects of government subsidized private transfers ...
  • The Stock Market Channel of Monetary Policy
    Chami, Ralph; Cosimano, Thomas F.; Fullenkamp, Connel (SSRN eLibrary, 1999)
    argues that the stock market is an important channel of monetary policy. Monetary policy affects real economic activity because inflation levies a property tax on stocks in addition to an income tax on dividend payments. ...
  • Trust and Efficiency
    Chami, Ralph; Fullenkamp, Connel (SSRN eLibrary, 2001)
    uses the economics of altruism to show how the presence or absence of trust between employees of the firm affects economic efficiency. We develop a simple model in which trust is defined as reciprocal altruism between two ...
  • Trust as a Means of Improving Corporate Governance and Efficiency
    Chami, Ralph; Fullenkamp, Connel (SSRN eLibrary, 2002)
    Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and ...