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In 1954, Dolores "Lolita" Lebrón and other members of the Puerto Rican Nationalist Party led a revolutionary action on the chambers of Congress, firing several shots at the ceiling and calling for the independence of the island. 'Ricanness: Enduring Time in Anticolonial Performance' begins with Lebrón's vanguard act, distilling the relationship between Puerto Rican subjectivity, gender, sexuality, and revolutionary performance under colonial time. Ruiz argues that Ricanness' continual performance of bodily endurance against US colonialism through different measures of time uncovers what's at stake politically for the often unwanted, anticolonial, racialized and sexualized enduring body. Moving among theatre, experimental video, revolutionary protest, photography, poetry, and durational performance art, 'Ricanness' stages scenes in which the philosophical, social, and psychic come together at the site of aesthetics, against the colonization of time. Analyzing the work of artists and revolutionaries like ADÁL, Lebrón, Papo Colo, Pedro Pietri, and Ryan Rivera, 'Ricanness' imagines a Rican future through the time travel extended in their aesthetic interventions, illustrating how they have reformulated time itself through nonlinear aesthetic practices.
Group identity in art. --- Arts, Puerto Rican --- Time and art --- Postcolonialism and the arts --- Themes, motives. --- Puerto Rico. --- ADÁL. --- Brownness. --- Da-sein. --- El Museo del Barrio. --- Frantz Fanon. --- Guy Debord. --- Hurricane Maria. --- Lolita Lebrón. --- Martin Heidegger. --- Nietzsche. --- Papo Colo. --- Pedro Pietri. --- Puerto Rican Nationalist Party. --- Puerto Rican. --- absurdism. --- aesthetics. --- colonialism. --- crisis. --- death drive. --- drama. --- dreaming. --- duration. --- emergency. --- endurance. --- existentialism. --- experimental. --- futural. --- imagination. --- looping. --- nonlinear time. --- performance art. --- philosophy. --- poetry. --- postcolonial. --- poverty. --- queer. --- racialized masculinity. --- rape. --- slow death. --- theater. --- unwantedness. --- video art. --- violence. --- vulgarity.
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Online journalism. --- Periodismo. --- Internet.
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This paper assesses the macroeconomic and distributional impact of personal income tax (PIT) reforms in the U.S. drawing on a multi-sector heterogenous agents model in which consumers have non-homothetic preferences and sectors differ in terms of their relative labor and skill intensity. The model is calibrated to key characteristics of the US economy. We find that (i) PIT cuts stimulate growth but the supply side effects are never large enough to offset the revenue loss from lower marginal tax rates; (ii) PIT cuts do “trickle-down” the income distribution: tax cuts stimulate demand for non-tradable services which raise the wages and employment prospects of low-skilled workers even if the tax cut is not directly incident on them; (iii) A revenue neutral tax plan that reduces PIT for middle-income groups, raises the consumption tax, and expands the Earned Income Tax Credit can have modestly positive effects on growth while reducing income polarization; (iv) The growth effects from lower income taxes are concentrated in non-tradable service sectors although the increased demand for tradable goods generate positive spillovers to other countries; (v) Tax cuts targeted to higher income groups have a stronger growth impact than tax cuts for middle income households but significantly worsen income polarization, even after taking into account trickle-down effects and an expansion of the Earned Income Tax Credit.
Macroeconomics --- Taxation --- Personal Finance -Taxation --- Fiscal Policy --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Aggregate Factor Income Distribution --- Macroeconomics: Consumption --- Saving --- Wealth --- Labor Economics: General --- Business Taxes and Subsidies --- Public finance & taxation --- Labour --- income economics --- Income --- Consumption --- Labor --- Income and capital gains taxes --- Consumption taxes --- National accounts --- Taxes --- Personal income tax --- Economics --- Labor economics --- Income tax --- Spendings tax --- United States --- Income economics
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Anchoring of inflation expectations is of paramount importance for central banks’ ability to deliver stable inflation and minimize price dispersion. Relying on daily interest rates and inflation forecasts from major financial institutions in the United States, we calculate monetary policy surprises of individual analysts as the unexpected changes in the federal funds rate before the meetings of the Federal Reserve Board. We then assess the effect of monetary policy surprises on the dispersion of inflation expectations, a proxy for the extent of anchoring, which is based on the same analysts’ inflation projections submit-ted after the Fed meetings. With an identification strategy that hinges on a tight window around the Fed meetings, we find that monetary policy surprises lead to an increase in the dispersion of inflation expectations up to nine months after the policy meeting. We rationalize these results with a partial equilibrium model that features rational expectations and sticky information. When we allow the degree of information rigidity to depend on the realization of firm-specific shocks, the theoretical results are qualitatively consistent and quantitatively close to the empirical evidence.
Business and Economics --- Banks and Banking --- Inflation --- Investments: Futures --- Money and Monetary Policy --- Forecasting --- Expectations --- Speculations --- Price Level --- Deflation --- Monetary Policy --- Forecasting and Other Model Applications --- Interest Rates: Determination, Term Structure, and Effects --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Macroeconomics --- Economic Forecasting --- Monetary economics --- Banking --- Finance --- Economic forecasting --- Inflation targeting --- Central bank policy rate --- Futures --- Prices --- Monetary policy --- Financial services --- Financial institutions --- Interest rates --- Derivative securities --- United States
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Anchoring of inflation expectations is of paramount importance for central banks’ ability to deliver stable inflation and minimize price dispersion. Relying on daily interest rates and inflation forecasts from major financial institutions in the United States, we calculate monetary policy surprises of individual analysts as the unexpected changes in the federal funds rate before the meetings of the Federal Reserve Board. We then assess the effect of monetary policy surprises on the dispersion of inflation expectations, a proxy for the extent of anchoring, which is based on the same analysts’ inflation projections submit-ted after the Fed meetings. With an identification strategy that hinges on a tight window around the Fed meetings, we find that monetary policy surprises lead to an increase in the dispersion of inflation expectations up to nine months after the policy meeting. We rationalize these results with a partial equilibrium model that features rational expectations and sticky information. When we allow the degree of information rigidity to depend on the realization of firm-specific shocks, the theoretical results are qualitatively consistent and quantitatively close to the empirical evidence.
United States --- Business and Economics --- Banks and Banking --- Inflation --- Investments: Futures --- Money and Monetary Policy --- Forecasting --- Expectations --- Speculations --- Price Level --- Deflation --- Monetary Policy --- Forecasting and Other Model Applications --- Interest Rates: Determination, Term Structure, and Effects --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Macroeconomics --- Economic Forecasting --- Monetary economics --- Banking --- Finance --- Economic forecasting --- Inflation targeting --- Central bank policy rate --- Futures --- Prices --- Monetary policy --- Financial services --- Financial institutions --- Interest rates --- Derivative securities
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Over the past decades, inequality has risen not just in advanced economies but also in many emerging market and developing economies, becoming one of the key global policy challenges. And throughout the 20th century, Latin America was associated with some of the world’s highest levels of inequality. Yet something interesting happened in the first decade and a half of the 21st century. Latin America was the only region in the World to have experienced significant declines in inequality in that period. Poverty also fell in Latin America, although this was replicated in other regions, and Latin America started from a relatively low base. Starting around 2014, however, and even before the COVID-19 pandemic hit, poverty and inequality gains had already slowed in Latin America and, in some cases, gone into reverse. And the COVID-19 shock, which is still playing out, is likely to dramatically worsen short-term poverty and inequality dynamics. Against this background, this departmental paper investigates the link between commodity prices, and poverty and inequality developments in Latin America.
Economics: General --- International Economics --- Macroeconomics --- Poverty and Homelessness --- Investments: Commodities --- Welfare, Well-Being, and Poverty: General --- Equity, Justice, Inequality, and Other Normative Criteria and Measurement --- Computable and Other Applied General Equilibrium Models --- Economywide Country Studies: Latin America --- Caribbean --- Commodity Markets --- Aggregate Factor Income Distribution --- Political economy --- International institutions --- Poverty & precarity --- Investment & securities --- Income inequality --- National accounts --- Income --- Poverty --- Commodities --- Income distribution --- Equilibrium --- Economics --- Commercial products --- Prices --- Iceland
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Over the past decades, inequality has risen not just in advanced economies but also in many emerging market and developing economies, becoming one of the key global policy challenges. And throughout the 20th century, Latin America was associated with some of the world’s highest levels of inequality. Yet something interesting happened in the first decade and a half of the 21st century. Latin America was the only region in the World to have experienced significant declines in inequality in that period. Poverty also fell in Latin America, although this was replicated in other regions, and Latin America started from a relatively low base. Starting around 2014, however, and even before the COVID-19 pandemic hit, poverty and inequality gains had already slowed in Latin America and, in some cases, gone into reverse. And the COVID-19 shock, which is still playing out, is likely to dramatically worsen short-term poverty and inequality dynamics. Against this background, this departmental paper investigates the link between commodity prices, and poverty and inequality developments in Latin America.
Iceland --- Economics: General --- International Economics --- Macroeconomics --- Poverty and Homelessness --- Investments: Commodities --- Welfare, Well-Being, and Poverty: General --- Equity, Justice, Inequality, and Other Normative Criteria and Measurement --- Computable and Other Applied General Equilibrium Models --- Economywide Country Studies: Latin America --- Caribbean --- Commodity Markets --- Aggregate Factor Income Distribution --- Political economy --- International institutions --- Poverty & precarity --- Investment & securities --- Income inequality --- National accounts --- Income --- Poverty --- Commodities --- Income distribution --- Equilibrium --- Economics --- Commercial products --- Prices
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