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Now showing items 11-20 of 163
From Piecemeal to Configurational Representation of Faces
(American Association for the Advancement of Science (AAAS), 1977)
Unlike older children and adults, children of less than about 10 years of age remember photographs of faces presented upside down almost as well as those shown upright and are easily fooled by simple disguises. The development ...
Inflation and Taxes in a Growing Economy with Debt and Equity Finance
(University of Chicago Press, 1978)
Our tax system was designed for an economy with little or no inflation. The current paper shows that inflation causes capricious changes in the effective rate of tax on capital income and therefore in the real net rate of ...
Optimal Capital-Gains Taxation Under Limited Information
(University of Chicago Press, 1978)
Taxation of capital gains at realization may distort individuals' decisions regarding holding or selling during an asset's lifetime. This creates the problem of designing a tax structure for capital gains so as to induce ...
Science, Nature and Control: Interpreting Mechanics’ Institutes
(Sage Publications, 1977)
Unanticipated Money, Output, and the Price Level in the United States
(University of Chicago Press, 1978)
Earlier analysis of unanticipated money growth is extended to output (GNP) and the price level (GNP deflator) for recent U.S. experience. Price level determination is more complicated than output determination, because ...
On the Determination of the Public Debt
(University of Chicago Press, 1979)
A public debt theory is constructed in which the Ricardian invariance theorem is valid as a first-order proposition but where the dependence of excess burden on the timing of taxation implies an optimal time path of debt ...
The Emergence of Sex Differences
(University of Chicago Press, 1972)
Inflationary Finance and the Welfare Cost of Inflation
(University of Chicago Press, 1972)
This paper applies previous theoretical and empirical results on inflation and demand for money to a study of inflationary finance and the welfare cost of inflation. The amount of revenue generated by a steady inflation ...
Monopoly and Contrived Depreciation
(University of Chicago Press, 1972)
No abstract provided.
Perceived Wealth in Bonds and Social Security and the Ricardian Equivalence Theorem: Reply to Feldstein and Buchanan
(University of Chicago Press, 1976)