Now showing items 1-9 of 9

    • Are immigrant remittance flows a source of capital for development? 

      Chami, Ralph; Fullenkamp, Connel; Jahjah, S (IMF Staff Papers, 2005-07-06)
      There is a general presumption in the literature and among policymakers that immigrant remittances play the same role in economic development as foreign direct investment and other capital flows, but this is an open question. ...
    • Capital Trading, Stock Trading, and the Inflation Tax on Equity 

      Chami, Ralph; Cosimano, Thomas F; Fullenkamp, Connel (Review of Economic Dynamics, 2001-07-01)
      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 that they provide. This paper explicitly ...
    • Capital trading, stock trading, and the inflation tax on equity: A note 

      Baier, S; Carlstrom, CT; Chami, Ralph; Cosimano, Thomas F; Fuerst, TS; Fullenkamp, Connel (Review of Economic Dynamics, 2003-10-01)
    • 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 ...
    • The market value of family values 

      Chami, Ralph; Fullenkamp, Connel (Cato Journal, 1997-12-01)
    • 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 and efficiency 

      Chami, Ralph; Fullenkamp, Connel (Journal of Banking and Finance, 2002-08-23)
      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 ...
    • 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 ...