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Infrastructure Effectiveness as a Determinant of Economic Growth: How Well You Use it May Be More Important than How Much You Have
Economic Growth Infrastructure Effectiveness
2015/9/21
Most contemporary explanations of economic growth assign a prominent
role to capital formation. This includes the huge literate of the sources of
economic growth in the tradition of Solow (1957) and...
Our previous submission in response to the Report and Order and Further Notice of
Proposed Rule Making (FCC 07-72, 27 April 2007) presented economic analysis that supports
Frontline’s proposal tha...
Towards a Political-Economic Theory of Domestic Debt
Political-Economic Theory Domestic Debt
2015/9/18
There is a large literature on why countries choose to issue debt rather than financing expenditures by current taxation. If Ricardian Equivalence holds and taxes are non-distortionary,then it doesn’t...
Improving Air Quality in Metropolitan Mexico City: An Economic Valuation
Economic Valuation Metropolitan Mexico
2015/9/18
Mexico City has for years experienced high levels ofozone and particulate air pollution. In 1995-99 the entire population of the Mexico City metropolitan area was exposed to annual average concentrati...
Multiperiod Optimization in Economic Systems with Unknown Parameters
Multiperiod Optimization Economic Systems
2015/8/5
Multiperiod Optimization in Economic Systems with Unknown Parameters.
A Criterion for Multiperiod Controls in Economic Models with Unknown Parameters
Multiperiod Controls Economic Models
2015/8/5
A Criterion for Multiperiod Controls in Economic Models with Unknown Parameters.
One of the more important questions in the area of quantitative economic
policy concerns the suitability of optimal control theory for economic
stabilization problems. Despite extensive theoretical ...
The Determinants of Economic Policy with Rational Expectations
Economic Policy Rational Expectations
2015/8/5
This paper is a sumaary of remarks for a
panel discussion on "Rational Expectations and
the Control of the Econcatym. After a brief
review of the major issues in this area, it is
argued that the c...
Economic Theory, Model Size, and Model Purpose.
The criterion of economic performance used in this study is magnitude
of fluctuations in inflation and output around longer term secular trends.
The secular trends themselves are not the immediate f...
Deficits, Economic Stabilization and Growth.
Differences in Economic Fluctuations in Japan, the U.S. and Europe: The Role of Nominal Rigidities
Economic Fluctuations Nominal Rigidities
2015/8/4
This paper examines the differences between economic fluctuations in the
United States and Japan during the period from 1972 through 1986. During this
period the size of the fluctuations in real out...
Stabilization Policy and Long-Term Economic Growth
Stabilization Policy Long-Term Economic Growth
2015/8/4
Stabilization Policy and Long-Term Economic Growth.
Comments on ‘Does Monetary Policy Affect Real Economic Activity: Why Do We Still Ask This Question?’ by Benjamin Friedman
Monetary Policy Economic Activity
2015/8/4
Comments on ‘Does Monetary Policy Affect Real Economic Activity: Why Do We Still Ask This Question?’ by Benjamin Friedman.
Legal Aid in Times of Economic Turmoil: Current Challenges in England and Germany
Economic Turmoil Current Challenges
2015/8/4
For the past decades, the welfare state systems of most developed countries, including Britain and Germany, have been grappling with the task to combine the need for governments to constrain growth in...