Taxes, regulations, and the value of U.S. and U.K. corporations

By Ellen R Mcgrattan, Edward C. Prescott. 2005

324 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/520d5067dee2836972341aab2834276fa6d08aec

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Citations in the corpus

Modeling and Measuring Organization Capital (2005, unknown): “The model’s macro parameters are taken either directly from McGrattan and Prescott (2005) or from our application of their method to the manufacturing sector as described in our Appendix A.”
Uncertainty about Government Policy and Stock Prices (2012, background): “4Other studies, such as McGrattan and Prescott (2005), Sialm (2009), and Gomes, Michaelides, and Polkovnichenko (2009), relate stock prices to tax rates, without emphasizing tax-related uncertainty.”
Economic policy uncertainty and banks’ loan pricing (2019, background): “Government, through her policies, has widespread effects on overall economy of a country (McGrattan & Prescott 2005).”
Labor Share Decline and Intellectual Property Products Capital (2020, unknown): “4% in McGrattan and Prescott (2005). In terms of capital income shares, we find that BEA IPP capital accounts for 5.”
Why Has Home Ownership Fallen among the Young (2009, background): “McGrattan and Prescott (2005) find that the same is true for measures of average marginal capital taxes.”
Endogenous Technological Progress and the Cross Section of Stock Returns (2012, unknown): “The CES function imt ; (1 ) kut+1 in equation (5) generalizes the standard accumulation process 8See Hansen, Heaton and Li (2004) and McGrattan and Prescott (2005).”
Financial Factors in Economic Fluctuations (2010, unknown): “[79] McGrattan, Ellen and Edward Prescott, 2004, “Taxes, Regulations and the value of US and UK corporations,” Federal Reserve bank of Minneapolis, Research Department Staff Report 309.”
Political Uncertainty and Risk Premia (2013, unknown): “None of these studies 3Other studies, such as McGrattan and Prescott (2005), Sialm (2009), and Gomes, Michaelides, and Polkovnichenko (2009), relate stock prices to tax rates, without emphasizing tax-related uncertainty. feature Bayesian learning, which plays an important role here.”