Paul Klein

TFP Differences and the Aggregate Effects of Labor Mobility in the Long Run (2007)

Klein, Paul, Ventura, Gustavo J

The coexistence of barriers to labor mobility with large output-per-worker disparities driven by Total Factor Productivity (TFP) differences suggests that the world's labor force is misallocated...

TFP Differences and the Aggregate Effects of Labor Mobility in the Long Run (2007)

Klein, Paul, Ventura, Gustavo J

The coexistence of barriers to labor mobility with large output-per-worker disparities driven by Total Factor Productivity (TFP) differences suggests that the world's labor force is misallocated...

TFP Differences and the Aggregate Effects of Labor Mobility in the Long Run (2007)

Klein, Paul, Ventura, Gustavo J

The coexistence of barriers to labor mobility with large output-per-worker disparities driven by Total Factor Productivity (TFP) differences suggests that the world's labor force is misallocated...

TFP Differences and the Aggregate Effects of Labor Mobility in the Long Run (2007)

Klein, Paul, Ventura, Gustavo J

The coexistence of barriers to labor mobility with large output-per-worker disparities driven by Total Factor Productivity (TFP) differences suggests that the world's labor force is misallocated...

Modeling Heterogeneous SoCs with SystemC: A Digital/MEMS Case Study (2006)

Varma, Ankush, Afridi, M. Yaqub, Akturk, Akin, Klein, Paul, Hefner, Allen R., Jacob, Bruce

Designers of SoCs with non-digital components, such as analog or MEMS devices, can currently use high-level system design languages, such as SystemC, to model only the digital parts of a system. This...

Modeling Heterogeneous SoCs with SystemC: A Digital/MEMS Case Study (2006)

Varma, Ankush, Afridi, M. Yaqub, Akturk, Akin, Klein, Paul, Hefner, Allen R., Jacob, Bruce

Designers of SoCs with non-digital components, such as analog or MEMS devices, can currently use high-level system design languages, such as SystemC, to model only the digital parts of a system. This...

Optimal Time-Consistent Taxation with International Mobility Of Capital (2005)

Klein, Paul, Quadrini, Vincenzo, Rios-Rull, Jose-Victor

The United States relies for its government revenues more on the taxation of capital relative to the taxation of labor than countries in continental Europe do. In this paper we ask what can account...

Optimal Time-Consistent Taxation with International Mobility Of Capital (2005)

Klein, Paul, Quadrini, Vincenzo, Rios-Rull, Jose-Victor

The United States relies for its government revenues more on the taxation of capital relative to the taxation of labor than countries in continental Europe do. In this paper we ask what can account...

Optimal Time-Consistent Taxation with International Mobility Of Capital (2005)

Klein, Paul, Quadrini, Vincenzo, Rios-Rull, Jose-Victor

The United States relies for its government revenues more on the taxation of capital relative to the taxation of labor than countries in continental Europe do. In this paper we ask what can account...

Optimal Time-Consistent Taxation with International Mobility Of Capital (2005)

Klein, Paul, Quadrini, Vincenzo, Rios-Rull, Jose-Victor

The United States relies for its government revenues more on the taxation of capital relative to the taxation of labor than countries in continental Europe do. In this paper we ask what can account...

Time--Consistent Public Expenditures (2003)

Paul Klein

In this paper, we study the optimal choice of public expenditures when there is no way of committing to future policy and "reputational" mechanisms are not operative. This amounts to confining our...

Time--Consistent Optimal Fiscal Policy (2002)

Paul Klein

This paper studies the properties of optimal fiscal policy in a stochastic growth model when the government cannot commit itself beyond the next period's capital income tax rate. We find that the...

Time-Consistent Policy (2001)

Paul Klein

The goal of this paper is to study optimal government policy when there is no way of committing to future policy and this restriction is binding. The paper has a methodological part and an applied...

Time-Consistent Optimal Fiscal Policy (2000)

Paul Klein

This paper studies the properties of optimal fiscal policy in a stochastic growth model when the government cannot commit itself beyond the next period's capital income tax rate. We find that the...

Time-Consistent Optimal Fiscal Policy (2000)

Paul Klein

This paper studies the properties of optimal fiscal policy in a stochastic growth model when the government cannot commit itself beyond the next period's capital income tax rate. We find that the...

Time-Consistent Optimal Fiscal Policy (1999)

Paul Klein

This paper studies the properties of optimal scal policy in a stochastic growth model when the government cannot commit itself beyond the next period's capital income tax rate. We nd that the...

Solving the growth model by linearizing the Euler equations (1998)

Paul Klein

Introduction The overall approach of this cookbook is the following. First we write down a prototypical model economy. Then we write down su#cient conditions for an equilibrium in this model which...

Die Urlaubsrechtsprechung des Reichsarbeitsgerichts. (1933)

Klein, Paul.

Köln, Rechtswiss. Diss. v. 29. März 1933.

Accounting for the Relationship between Money and Interest Rates

Magnus Jonsson, Paul Klein

In time series from the United States, the relationship between the money to income ratio and the nominal interest rate is a negative and stable one. In Swedish data, there is no such stable...

Optimal Time-Consistent Taxation with International Mobility Of Capital

Paul Klein, Vincenzo Quadrini

The United States relies for its government revenues more on the taxation of capital relative to the taxation of labor than countries in continental Europe do. In this paper we ask what can account...

Risk Sharing

Martin Gervais, Paul Klein

Risk Sharing; Income Risk; Consumption Risk; Projection

ACCOUNTING FOR THE RELATIONSHIP BETWEEN MONEY AND INTEREST RATES

JONSSON, MAGNUS, KLEIN, PAUL

In time-series from the United States, the relationship between the money to income ratio and the nominal interest rate is a negative and stable one. In Swedish data, there is no such stable...

TFP Differences and the Aggregate Effects of Labor Mobility in the Long Run

Paul Klein, Gustavo Ventura

The coexistence of barriers to labor mobility with large output-per-worker disparities driven by Total Factor Productivity (TFP) differences suggests that the world's labor force is misallocated...

Solution of a system of linear difference equations (Matlab)

Paul Klein

Solves for the recursive representation of the stable solution to a system of linear difference equations

PREANNOUNCED OPTIMAL TAX REFORM

DOMEIJ, DAVID, KLEIN, PAUL

In constitutional democracies, laws take time to be deliberated upon, to be passed, and to be implemented. Motivated by this observation, we study the properties of optimal tax reform when it has to...

Private Pensions: To What Extent Do They Account for Swedish Wealth Inequality?

David Domeij, Paul Klein

Sweden's distribution of disposable income is very even, with a Gini coefficient of just 0.31. Yet, the wealth distribution is extremely unequal, with a Gini coefficient of 0.79. Moreover, Swedish...

Accounting for Swedish Wealth Inequality

Paul Klein

Sweden's distribution of disposable income is very even, with a Gini coefficient of just 0.31. Yet its wealth distribution is extremely unequal, with a Gini coefficient of 0.79. Moreover, Swedish...

Do Migration Restrictions Matter?

Gustavo Ventura, Paul Klein

Migration restrictions are pervasive and severe. Their worldwide enactment starting in the 1920's constituted a fundamental policy shift for a number of countries and for the world as whole. Yet,...

Time-consistent optimal fiscal policy

Paul Klein

This article studies the properties of optimal fiscal policy in a stochastic growth model when the government cannot commit itself beyond the next period's capital income tax rate. We find that the...

Pre-announced optimal tax reform

Paul Klein, David Domeij

Optimal tax policies in dynamic models have unappealing features. In particular, optimal tax reform typically involves a large initial accumulation of government assets which is responsible for a...

COMPARISON OF MITOTIC PHENOMENA AND EFFECTS INDUCED BY HYPERTONIC SOLUTIONS IN HELA CELLS

Robbins, Elliott, Pederson, Thoru, Klein, Paul

Interphase HeLa cells exposed to solutions that are 1.6 x isotonic manifest a series of morphological transformations, several of which grossly resemble those which occur when untreated cells enter...

Solution of a system of linear difference equations (GAUSS)

Paul Klein

Solves for the recursive representation of the stable solution to a system of linear difference equations

Solution of a system of linear difference equations (FORTRAN90)

Paul Klein

Solves for the recursive representation of the stable solution to a system of linear difference equations

Time Consistent Public Expenditures

Klein, Paul, Krusell, Per, Ríos-Rull, José-Víctor

How should aggregate public expenditures be traded off against their financing costs? We incorporate public expenditures into a standard neoclassical growth setup with model policy choice as made by...

Time-Consistent Public Policy

PAUL KLEIN, PER KRUSELL

In this paper we study how a benevolent government that cannot commit to future policy should trade off the costs and benefits of public expenditure. We characterize and solve for Markov-perfect...