Now showing items 1-5 of 5

    • Ownership of Capital in Monetary Economies and the Inflation Tax on Equity 

      Chami, Ralph; Cosimano, Thomas F.; Fullenkamp, Connel (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 (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 ...
    • Six Puzzles in Electronic Money and Banking 

      Fullenkamp, Connel; Nsouli, Saleh M. (2004)
      The literature on the economic effects of electronic money and banking lacks organization and a common analytical framework. This paper identifies the main issues raised by e-money and e-banking and presents them as six ...
    • The Stock Market Channel of Monetary Policy 

      Chami, Ralph; Cosimano, Thomas F.; Fullenkamp, Connel (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 as a Means of Improving Corporate Governance and Efficiency 

      Chami, Ralph; Fullenkamp, Connel (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 ...