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Author:Cox, W. Michael 

Journal Article
Government debt and the stock market

Economic and Financial Policy Review , Issue Sep , Pages 1-9

Journal Article
A new alternative trade-weighted dollar exchange rate index

Economic and Financial Policy Review , Issue Sep , Pages 20-28

Journal Article
A comprehensive new real dollar exchange rate index

Economic and Financial Policy Review , Issue Mar , Pages 1-14

Journal Article
Money and inflation in a deregulated financial environment

Economic and Financial Policy Review , Issue May , Pages 1-19

Journal Article
Effects of the lower dollar on U.S. manufacturing: industry and state comparisons

Economic and Financial Policy Review , Issue Mar , Pages 1-9

Journal Article
Current substitution and the international transmission of economic disturbances

Economic and Financial Policy Review , Issue May , Pages 1-12

Journal Article
Income taxes as reciprocal tariffs

This article shows the equivalence between tariffs on international trade and income taxation. Traditionally, income taxes have been seen as lowering society's output through the household's labor-leisure trade-off. Income taxes also reduce the degree to which individuals specialize in market activity, which is similar to the way countries respond to tariffs in international trade. Income taxes discourage individuals from specializing in activities that reflect their comparative advantage. In so doing, income taxes may have their most distorting effects, not by encouraging individuals to ...
Economic and Financial Policy Review , Issue Q III , Pages 2-9

Working Paper
Variety, globalization, and social efficiency

This paper puts recent work on the benefits of variety into the context of a more complete quantitative analysis of the Dixit-Stiglitz-Krugman model of monopolistic competition. We show how the gains from globalization are reflected in the increase in variety and the exploitation of economies of scale, and that the social efficiency question is quantitatively insignificant. These results follow from examining a Bertrand-Nash equilibrium that allows for a finite number of varieties to affect the elasticity of demand facing each firm. We develop a precise expression for per capita real income ...
Globalization Institute Working Papers , Paper 15

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What d'ya know? Lifetime learning in pursuit of the American dream

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These are the good old days: a report on U.S. living standards

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