WorldCat Identities

King, Mervyn A.

Overview
Works: 108 works in 464 publications in 2 languages and 6,898 library holdings
Genres: Conference papers and proceedings  History 
Roles: Author, Editor, Other
Publication Timeline
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Most widely held works about Mervyn A King
 
Most widely held works by Mervyn A King
The British tax system by J. A Kay( Book )

67 editions published between 1978 and 1997 in 3 languages and held by 1,610 WorldCat member libraries worldwide

Updated edition of study using economic analysis to examine the British tax system with emphasis on the evaluation of the economic effects of each kind of tax and with respect to the tax system as a whole
The Taxation of income from capital : a comparative study of the United States, the United Kingdom, Sweden, and West Germany by Mervyn A King( Book )

37 editions published between 1982 and 2010 in English and held by 1,307 WorldCat member libraries worldwide

A comparative study of the taxation of income from capital in the U. S.A., the United Kingdom, Sweden and West Germany. It represents a collaboration of the National Bureau of Economic Research with the Industrial Institute for Economic and Social Research (Sweden) and the Institute for Economic Research (W. Germany). The study compares the effective tax rates levied on capital income in the corporate and non- financial corporate personal sector derived from different kinds of savings and investment
The end of alchemy : money, banking, and the future of the global economy by Mervyn A King( Book )

22 editions published between 2016 and 2017 in English and held by 986 WorldCat member libraries worldwide

The former governor of the Bank of England recounts his country's experiences throughout the Great Recession while outlining a blueprint for recovery-era capitalism that is more resilient to modern boom-and-bust cycles
Public policy and the corporation by Mervyn A King( Book )

8 editions published in 1977 in English and held by 398 WorldCat member libraries worldwide

Indexing for inflation( Book )

10 editions published in 1975 in English and held by 299 WorldCat member libraries worldwide

Published for Institute for Fiscal Studies
The debt burden and its consequences for monetary policy : proceedings of a conference held by the International Economic Association at the Deutsche Bundesbank, Frankfurt, Germany by Guillermo A Calvo( Book )

9 editions published between 1997 and 1998 in English and held by 151 WorldCat member libraries worldwide

The institutions of monetary policy by Mervyn A King( Book )

3 editions published in 2004 in English and held by 78 WorldCat member libraries worldwide

"I argue that it is useful to think about the optimal design of monetary institutions using the insights from the theory of incomplete contracts. The core of the monetary policy problem is the uncertainty about future social decisions resulting from the impossibility and the undesirability of committing our successors to any given monetary policy strategy. The impossibility stems from the observation that collective decisions cannot be enforced so that it is impossible to commit to future collective decisions. The undesirability reflects the fact that we cannot articulate all possible future states of the world. Monetary institutions expand the possibility frontier of the technology of collective decisions by raising the costs of making inefficient deviationsng from pre-announced paths. Institutions also become repositories of experience and knowledge to facilitate learning about the economic environment and communication to society as a whole. I illustrate the importance of institutional design for the operation of monetary policy by reference to three case studies: the collapse of exchange rate regimes in Brazil and the United Kingdom; currency arrangements in Iraq and their reform after the 2003 war; and the relationship between central banks and governments when the zero constraint on nominal interest rates is binding"--National Bureau of Economic Research web site
Asset accumulation, information, and the life cycle by Mervyn A King( )

11 editions published between 1987 and 1988 in English and held by 64 WorldCat member libraries worldwide

Empirical tests of the life cycle model have focused on its implications for the level of a household's total net worth and paid little attention to changes in portfolio composition over the life cycle. In this paper, we examine a new survey of the asset holdings of 6,010 U.S households and show that there is a pronounced life-cycle pattern to both the number and value of assets held by U.S. households. Direct survey evidence suggests that incomplete information is a significant determinant of household portfolio composition. We test the hypothesis that information about investment opportunities arrives stochastically over time, estimating a Poisson model for the arrival of new information
How effective have fiscal policies been in changing the distribution of income and wealth by Mervyn A King( )

7 editions published between 1979 and 1980 in English and held by 63 WorldCat member libraries worldwide

Despite the expansion of empirical research in public finance, there remains consider- able uncertainty about the distributional consequences of fiscal policy. For this session, I have been asked to summarize some international comparisons. I shall divide the issue into two questions. How effective has fiscal policy been in reducing inequality? Mow big are the potential gains from further redistribution? In Section I, I examine some of the evidence on the redistributive effects of taxes and benefits in the United States, the United Kingdom, and Sweden. I shall concentrate on the distribution among house- holds, and not among the units, individuals, or by type of factor income. This ignores the fact that the formation of households is itself endogenous and depends, in part, on fiscal policy, especially subsidies to housing costs. Any statement about the impact of taxes on distribution depends on a counter-factual assumption about the distribution which would be observed in the absence of taxes and benefits. Since there is no overwhelming evidence in favor of any one particular set of assumptions, I shall argue that it is helpful to pose a second question, the answer to which docs not depend on assumptions about incidence. Given the distribution which emerges from the existing system of taxes and benefits, what would be the gains from attempting further redistribution? Finally, in Section III some suggestions are presented for future research
Transmission of volatility between stock markets by Mervyn A King( )

6 editions published in 1989 in English and held by 60 WorldCat member libraries worldwide

This paper investigates why, in October 1987, almost all stock markets fell together despite widely differing economic circumstances. The idea is that "contagion" between markets occurs as the result of attempts by rational agents to infer information from price changes in other markets. This provides a channel through which a "mistake" in one market can be transmitted to other markets. Hourly stock price data from New York, Tokyo and London during an eight month period around the crash offer support for the contagion model. In addition, the magnitude of the contagion coefficients are found to increase with volatility
Endogenous growth and the role of history by Mervyn A King( )

7 editions published in 1989 in English and held by 59 WorldCat member libraries worldwide

Abstract: This paper presents a model in which the realizations of stochastic tax and depreciation rates determine both the level and growth rate of output: externalities to investment - learning by watching - are characterized by diminishing returns, yielding a nonlinear "technical progress function". This results in multiple steady-state growth rates. History matters. It is possible that two economies with identical "deep" parameters and initial capital stocks may cycle around different trend growth rates, depending upon the historical path of fiscal shocks. Growth and cycles interact, and the nonlinearity means that output changes cannot be decomposed into a stochastic trend and a trend-stationary process
Wealth and portfolio composition : theory and evidence by Mervyn A King( )

11 editions published between 1984 and 1985 in English and Undetermined and held by 58 WorldCat member libraries worldwide

In this paper, we examine a new survey of 6,010 United States households and estimate a model for the allocation of total net worth among different assets. The paper has three main aims. The first is to investigate the extent to which a conventional portfolio choice model can explain the differences in portfolio composition among households. Our survey data show that most households hold only a subset of the available assets. Hence we analyze a model in which investors choose to hold incomplete portfolios. We show that the empirical specification of the joint discrete and continuous choice that characterizes household portfolio behaviour is a switching regressions model with endogenous switching. The second aim is to examine the impact of taxes on portfolio composition. The survey contains a great deal of information on taxable incomes and deductions which enable us to calculate rather precisely the marginal tax rate facing each household. The third aim is to estimate wealth elasticities of demand for a range of assets and liabilities. We test the frequently made assumption of constant relative risk aversion
A Pigovian rule for the optimum provision of public goods by Mervyn A King( )

9 editions published in 1985 in English and Undetermined and held by 49 WorldCat member libraries worldwide

The integrated treatant of optimal taxation and public expenditure presented here is based on the dual relationship between the prices of private goods and the quantities of public goods. In this paper we derive analogues of Roy's identity and the Slutsky equation for the case of public goods. The optimal provision of public goods and the level of taxation are shown to be dual problems. The conditions for optimum public good provision can be expressed as a ndification of the Samuelson conditions with extra terms representing (a) the distortionary effect of taxes on the willingness to pay for the public good, and (b) distributional effects. The former captures Pigou's notion of the indirect daniage caused by the need to finance public expenditure out of distortionary taxes, and we call this the "Pigou term". In certain cases a very simple benefit-cost ratio for public projects emerges that is equivalent to measuring benefits as if they were taxed
Pension wealth and household savings : tests of robustness by Louis Dicks-Mireaux( )

7 editions published in 1982 in English and held by 47 WorldCat member libraries worldwide

Abstract: A substantial literature exists on the impact of pension schemes, both public and private, on the level of household saving. Yet there is no clear consensus on the impact of pensions on private saving. In this paper we show how beliefs about this displacement effect are modified by prior beliefs both about variables which ntight be relevant in an equation for private savings and about the magnitude of the displacement effect. Using data for 8,279 Canadian households, and estimates of pension wealth (both private and social security) which we construct for each household in the sample, the estimated displacement effects are found to be relatively robust with respect to both types of prior belief
Asset holdings and the life cycle by Mervyn A King( )

11 editions published between 1980 and 1990 in English and held by 46 WorldCat member libraries worldwide

Empirical studies of the life cycle savings model have tended to rej ect the hypothesis of a "hump-shaped" pattern for the wealth-age profile. In this paper we show, using new data on net worth for 12,734 families, that there is evidence that wealth declines after retirement provided that we control for differences in permanent income and take account of sample selection bias. The estimated rates of decumulation are consistent with a life cycle model in which there is uncertainty about the date of death
An index of inequality : with applications to horizontal equity and social mobility by Mervyn A King( )

11 editions published between 1980 and 1983 in English and held by 44 WorldCat member libraries worldwide

An index of Inequality is constructed which decomposes into two components, corresponding to vertical and "horizontal" equity respectively. Horizontal equity Is defined in terms of changes in the ordering of a distribution. The proposed index is a function to two inequality aversion parameters. One empirical application is for comparison of a pre-tax distribution with a post-tax distribution, and an example of this is given for the distribution of incomes in the UK in 1977. There is a trade-off between "horizontal"and vertical equity, and for particular combinations of the inequality aversion parameters the original distribution will be preferred to the final distribution. The paper concludes with an application of the proposed index to a model of optimal taxation
Welfare analysis of tax reforms using household data by Mervyn A King( )

9 editions published between 1981 and 1983 in English and held by 40 WorldCat member libraries worldwide

The paper discusses a methodology for calculating the distribution of gains and losses from a policy change using data for a large sample of households. Estimates are based on the equivalent income function, which is money metric utility defined over observable variables. This enables calculations to be standardised, and a computer program to compute the statistics presented in the paper is available for a general demand system. Equivalent income is related to measures of deadweight loss, and standard errors are computed for each of the welfare measures. An application to UK data for 5895 households is given which simulates a reform that involves eliminating housing subsidies
Portfolio composition and pension wealth : an econometric study by Louis Dicks-Mireaux( )

3 editions published in 1982 in English and held by 40 WorldCat member libraries worldwide

There has been very little study of the consequences of pension wealth for the composition of household portfolios. Using individual data for 10,118 Canadian households we estimate the portfolio effect of pension wealth. Because most households do not own all of the assets which we are able to distinguish, we model asset demands as a mixed discrete-continuous portfolio choice problem. We find that whereas there is an identifiable effect of pension wealth on total private savings, the effect on portfolio choice is less significant. Moreover, within the area of portfolio composition the main effect is in terms of the particular number and combination of assets held rather than the amount of any given asset as a proportion of total wealth
The empirical analysis of tax reforms by Mervyn A King( )

9 editions published between 1986 and 1988 in English and held by 40 WorldCat member libraries worldwide

Abstract: "dual" conditions must be satisfied. The analysis of these conditions
The cash flow corporate income tax by Mervyn A King( )

8 editions published in 1986 in English and Undetermined and held by 39 WorldCat member libraries worldwide

Abstract: ways to tax the real economic income of companies. The main problems with
 
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The Taxation of income from capital : a comparative study of the United States, the United Kingdom, Sweden, and West Germany
Covers
The Taxation of income from capital : a comparative study of the United States, the United Kingdom, Sweden, and West GermanyThe debt burden and its consequences for monetary policy : proceedings of a conference held by the International Economic Association at the Deutsche Bundesbank, Frankfurt, Germany
Alternative Names
Allister King, Mervyn 1948-

King, M. A.

King, M. A. 1948-

King, M. A. (Mervyn A.)

King, M. A. (Mervyn A.), 1948-

King, M. A. (Mervyn Allister)

King, Mervyn.

King Mervyn 1948-....

King, Mervyn Allister 1948-

King of Lothbury, Mervyn Allister King, Baron

Lothbury, Mervyn Allister King, Baron King of

Mervyn Allister King

Mervyn Allister King britischer Gouverneur der Bank of England

Mervyn King British economist

Mervyn King economista británico

Mervyn King économiste britannique

Mervyn King econoom

مارفن كينج عالم اقتصاد بريطاني

キング, M. A

キング, マーヴィン

マーヴィン・キング

默文·金

金默文

Languages
English (271)

German (2)