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Searched for: [ Keywords: "substitution" ] clear all
Review
Does Social Security Crowd out Private Wealth? A Survey of the Literature
by Marcin Wron ski
Abstract
In this paper, we review the research on the substitution between social security wealth and private wealth. Our review includes over 100 theoretical and empirical contributions. Nearly 70% of the literature identifies the statistically significant impact of social security wealth on different forms of private savings. A strong majority of authors, who obtain statistically sign [...] Read more

Journal Article
Critical condition for deposit insurance to partially or fully substitute for raising capital under cyclical economic environment
by Hong Mao , Krzysztof Ostaszewski  and  Jin Wang
Abstract
Regulation of financial institutions has two key purposes: Solvency (prudential regulation) and consumer protection. Prudential regulation is implemented mainly by capital requirements, but governments also provide insurance for customer deposits, as a backup tool. In this article, we discuss the critical conditions for deposit insurance and capitalization to act as substitutes [...] Read more

Journal Article
The high price of green energy: Adjustments in general equilibrium
by Henry Thompson
Abstract
The high price of energy due to green energy policy will cause adjustments across the US economy predicted in the present general equilibrium model that includes energy Btu input with capital and labor to produce manufactures and services. This same model in trade theory examines the effects of a tariff on an imported factor of production such as a natural resource or capital.& [...] Read more