8 resultados para spectral redistribution
em Université de Montréal, Canada
Resumo:
Rapport de recherche
Resumo:
Many unit root and cointegration tests require an estimate of the spectral density function at frequency zero at some process. Kernel estimators based on weighted sums of autocovariances constructed using estimated residuals from an AR(1) regression are commonly used. However, it is known that with substantially correlated errors, the OLS estimate of the AR(1) parameter is severely biased. in this paper, we first show that this least squares bias induces a significant increase in the bias and mean-squared error of kernel-based estimators.
Resumo:
We consider the following question: does market failure justify redistribution? We argue that the general answer to this question is no, in the sense that policies for correcting market failures do not aim at producing a "desirable" income distribution. This follows from the fact that, by construction, market failure is a deviation from "efficiency" that does not involve any notion of a desirable distribution of welfare (or income). However, there are special cases where a "corrective measure" involving redistribution can offset a market failure, so this can provide a form of efficiency- based justification for redistribution.
Resumo:
We compute the optimal non-linear tax policy for a dynastic economy with uninsurable risk, where generations are linked by dynastic wealth accumulation and correlated incomes. Unlike earlier studies, we find that the optimal long-run tax policy is moderately regressive. Regressive taxes lead to higher output and consumption, at the expense of larger after-tax income inequality. Nevertheless, equilibrium effects and the availability of self-insurance via bequests mitigate the impact of regressive taxes on consumption inequality, resulting in improved average welfare overall. We also consider the optimal once-and-for-all change in the tax system, taking into account the transition dynamics. Starting at the U.S. status quo, the optimal tax reform is slightly more progressive than the current system.
Resumo:
Ce mémoire examine le rapport du visible à l’invisible dans l’œuvre du cinéaste hongrois Béla Tarr afin de montrer comment cette œuvre fait sa plus grande place, quoique le plus souvent sous la forme d’une absence-présence, à la question du néant et de la mort. À travers une étude tripartite, tour à tour concernant le traitement cinématographique et thématique du monde, du temps et du personnage et de leurs fonctions, l’objectif de cette recherche est celui de montrer comment cette œuvre soustractive interroge le rapport de l’existant à un monde qui fait défaut. C’est la promesse, en partie telle que théorisée par Peter Sloterdijk, qui permettra ultimement d’éclairer la démarche tragique des personnages tarriens : lutte contre la mort au moyen d’un constant effort de soi et ce, jusqu’à l’épuisement radical. La notion de personnage-figurant développée dans ce mémoire se propose d’articuler ensemble les valeurs figuratives et thématiques communes aux différents personnages qui traversent l’œuvre afin d’en mieux comprendre, malgré les ruptures stylistiques et narratives, la continuité. Enfin, le dialogue engagé ici entre l’œuvre du cinéaste et certains concepts-clé de la tradition philosophique (le monde, le soi, le temps) entend montrer comment la première ouvre des pistes pertinentes pour une réflexion sur le sujet contemporain et son époque.