7,428 research outputs found

    Adolfo López Mateos conversando con el embajador de Ghana-Africa en una sala del palacio Nacional

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    Junto a Adolfo López Mateos se encuentra Manuel J. Tell

    Trabajadores durante mitin en apoyo López Mateos

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    Sello: Casasola 10-25-36, 12-85-64 J. Terán 7 Sobre: Dic. 58 - Jul. 59 ""Salina Cruz Oax."" I.O. Una manta dice: Liga de alijadores de carga y descargado CROM con el Lic. Adolfo López Mateos PR

    Campesinos en mitin como apoyo a López Mateos

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    Sello: Casasola 10-25-36, 12-85-64 J. Terán Sobre: Dic. 58 - Jul. 59 ""Oaxaca"" I.O. Una pancarta dice: UNIDAD NACIONAL LOPEZ MATEOS SEGURO SOCIA

    Mateos, J.

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    Demographics and the politics of capital taxation in a life-cycle economy

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    This article studies the effects of demographics on the mix of tax rates on labor and capital. It uses a quantitative general-equilibrium, overlapping-generationsmodel where tax rates are voted without past commitments in every period and characterized as a Markov equilibrium. In the United States, the younger voting-age population in 1990 compared to 1965 accounts for the observeddecline in the relative capital tax rate between those two years. A younger population raises the net return to capital, leads voters to increase their savings,and results in a preference for lower taxes on capital. Conversely, aging might increase capital taxation

    J. Mateos. La célébration de la Parole dans la liturgie byzantine

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    Dalmais Irénée-Henri. J. Mateos. La célébration de la Parole dans la liturgie byzantine. In: Revue de l'histoire des religions, tome 184, n°1, 1973. pp. 90-91

    J. Mateos. La célébration de la Parole dans la liturgie byzantine

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    Dalmais Irénée-Henri. J. Mateos. La célébration de la Parole dans la liturgie byzantine. In: Revue de l'histoire des religions, tome 184, n°1, 1973. pp. 90-91

    El Tlacuache Núm. 637 (2014). 637 Año 13 (2014) agosto. El Tlacuache

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    El Tepozteco en llamas. Los Halcones que protegen el cerro por Helena Mateos. - Apuntes sobre un ave mítica: el colibrí en México por Christopher Martínez Reynozo

    A model of credit limits and bankruptcy with applications to welfare and indebtedness

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    This paper presents a macroeconomic model of unsecured consumer debt and default where credit conditions consist of pre-approved interest rates and borrowing limits, a feature of actual credit cards. All loans, irrespective of their size and risk, take place against the same type of credit line, and some borrowers are credit constrained. This type of situation is shown to arise in a free-entry competitive equilibrium if there are fixed costs in banking and the banks' decisions on interest rates and on credit limits are made separately. Numerical experiments are conducted to study, on one hand, the macroeconomic and welfare effects of the consumer bankruptcy code, and on the other hand, the consequences of various factors for both indebtedness and bankruptcy. Restricting bankruptcy filings - be it through a stricter Chapter 7 means testing or a longer period of credit exclusion - leads to sizable welfare loses. The recent rise in filing rates and debt is best explained by a combination of lower intermediation costs and more severe non-discretionary expenditures shocks. The endogenous response of the credit limit proves to be crucial for these findings
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