We develop a general-equilibrium model in which the safety of a country's currency and the choice of its exchange-rate regime arise endogenously. Calibrated to pre-2025 data, the model replicates the
The report explores the role that inheritance taxation could play in raising revenues, addressing inequalities and improving efficiency in OECD countries. It provides background on the distribution an
Organisation for Economic Co-operation and Development80
Replication package for "The Reserve Supply Channel of Unconventional Monetary Policy" by William Diamond, Zhengyang Jiang, and Yiming Ma for the Journal of Financial Economics.
Despite advances in transactions technologies, paper currency still constitutes a notable percentage of the money supply in most countries. For example, it constitutes roughly 10% of the US Federal Re