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The results from instrumental - variable estimation are consistent with those presented in the first set of columns : own tax changes increase the probability of incumbent defeat , and neighbors ' tax changes reduce the probability .
The results from instrumental - variable estimation are consistent with those presented in the first set of columns : own tax changes increase the probability of incumbent defeat , and neighbors ' tax changes reduce the probability .
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Percent Percent RO O Actual Change 0 O O Fitted Valum O Actual Changes O 00 00 O • 1974 1976 1978 1980 1982 1984 1986 1988 1990 Fitted Values O 000 O FIGURE 1. ONE - QUARTER CHANGES IN THE LOG DOLLAR / DEUTSCHE - MARK EXCHANGE RATE 0∞ ...
Percent Percent RO O Actual Change 0 O O Fitted Valum O Actual Changes O 00 00 O • 1974 1976 1978 1980 1982 1984 1986 1988 1990 Fitted Values O 000 O FIGURE 1. ONE - QUARTER CHANGES IN THE LOG DOLLAR / DEUTSCHE - MARK EXCHANGE RATE 0∞ ...
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How to represent the policy changes - Pir is not straightforward , even for a simple model in which projected revenue changes provide a reasonable proxy for the marginal tax rate changes influencing current behavior .
How to represent the policy changes - Pir is not straightforward , even for a simple model in which projected revenue changes provide a reasonable proxy for the marginal tax rate changes influencing current behavior .
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Evidence? | 17 |
The Effect of Institutions on Economic Behavior | 409 |
Theory of Contracts | 432 |
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aggregate analysis assume average bank behavior benefits capital central changes choice coefficient condition consumption contract correlation cost countries decision demand depends discussion Economic effect employment equal equation equilibrium estimates evidence example expected firms function given growth higher households important income increase individual industry inflation interest International issue Journal labor less lower marginal mean measure ment monetary Notes observations output percent period player political population positive possible preferences Press probability problem question ratio reduce regression relative reported Research response Review risk rules sample schooling sector shocks significant social spending standard statistically studies suggests Table theory tion trade transfer United University utility variables wage welfare workers