Publications

333 publications found, searching for 'Economic Policy for the 21st Century '

• Working Paper No. 190
  April 01, 1997

  Output and Employment Effects of Public Capital

  David Alan Aschauer
  Abstract

  Studies that have examined the effect of public spending on economic growth have reported esmates for the marginal product of public capital that are well in excess of, equal to,…more

  Download Working Paper No. 190 PDF (1.50 MB)
• Working Paper No. 191
  April 01, 1997

  Dynamic Output and Employment Effects of Public Capital

  David Alan Aschauer
  Abstract

  Studies that have examined the effect of public spending on economic growth have reported esmates for the marginal product of public capital that are well in excess of, equal to,…more

  Download Working Paper No. 191 PDF (1.27 MB)
• Working Paper No. 192
  April 01, 1997

  Social Security

  Walter M. Cadette
  Abstract

  Some reform of Social Security is needed to keep the system solvent given the additional financial pressure that will be placed on it as the baby boom generation retires: the…more

  Download Working Paper No. 192 PDF (2.18 MB)
• Working Paper No. 187
  March 01, 1997

  Real Estate and the Capital Gains Debate

  Kris Feder and Michael Hudson
  Abstract

  The recent budget agreement contains a capital gains tax cut. The principal justification for reducing the capital gains tax rate relies on the efficiency-equity trade-off. The capital gains tax is…more

  Download Working Paper No. 187 PDF (3.89 MB)
• Working Paper No. 184
  January 01, 1997

  The New Welfare

  Oren Levin-Waldman
  Abstract

  During the summer of 1996, President Clinton signed what some consider to be the most sweeping welfare reform since the initial adoption of public assistance programs in 1935. Resident Scholar…more

  Download Working Paper No. 184 PDF (3.07 MB)
• Working Paper No. 175
  November 01, 1996

  What Do Micro Data Reveal about the User Cost Elasticity?

  Robert S. Chirinko, Steven M. Fazzari, and Andrew P. Meyer
  Abstract

  The responsiveness of business investment to user costs (interest rates, taxes, and depreciation rates) is important in determining the effect of fiscal policy and aggregate stabilization policy on the economy…more

  Download Working Paper No. 175 PDF (3.70 MB)
• Working Paper No. 177
  November 01, 1996

  Taxes, Saving, and Macroeconomics

  Neil H. Buchanan
  Abstract

  Resident Scholar Neil H. Buchanan offers an analysis of the macroeconomic effects of current proposals to reform the tax system (e.g., a flat tax or a national sales tax), focusing…more

  Download Working Paper No. 177 PDF (2.39 MB)
• Working Paper No. 173
  October 01, 1996

  A Critique of Competing Plans for Radical Tax Restructuring

  Neil H. Buchanan
  Abstract

  At almost any time there exists a plan to alter the structure of taxation, and their number seems to increase during election years. Resident Scholar Neil Buchanan analyzes several recent…more

• Working Paper No. 169
  June 10, 1996

  Comparing Alternative Methods of Adjusting US Federal Fiscal Deficits for Cyclical and Price Effects

  Neil H. Buchanan
  Abstract

  In this working paper, Resident Scholar Neil H. Buchanan statistically tests six alternative definitions of the federal budget deficit to determine if these definitions improve the results of econometric studies…more

  Download Working Paper No. 169 PDF (705.34 KB)
• Working Paper No. 157
  May 01, 1996

  A New Facility for the IMF?

  John Williamson
  Abstract

  In this working paper, John Williamson, senior fellow at the Institute for International Economics, evaluates proposals to create a short-term financing facility within the International Monetary Fund (IMF). The emphasis…more

  Download Working Paper No. 157 PDF (1.71 MB)
• Public Policy Brief No. 25
  April 05, 1996

  Capital Gains Taxes and Economic Growth

  Steven M. Fazzari
  Abstract

  This brief assesses the effect of a capital gains tax cut on firms’ decisions to undertake new investment projects and the possible effect of such projects on economic growth and…more

  Download Public Policy Brief No. 25, 1996 PDF (8.99 MB)
• Working Paper No. 156
  April 01, 1996

  Understanding the 1994 Election

  Oren Levin-Waldman
  Abstract

  The change in the composition of Congress resulting from the 1994 election was viewed by some Republicans as a “triumph of conservatism over the perceived abuses of liberalism.” In this…more

  Download Working Paper No. 156 PDF (2.95 MB)
• Working Paper No. 149
  December 01, 1995

  Biennial Budgeting for the Federal Government

  Charles J. Whalen
  Abstract

  A two-year budget and appropriations cycle at the federal level has been endorsed by Republicans and Democrats during the past 20 years. The first congressional proposal for a federal biennial…more

  Download Working Paper No. 149 PDF (2.23 MB)
• Working Paper No. 152
  December 01, 1995

  Reforming Unemployment Insurance

  Oren Levin-Waldman
  Abstract

  In this working paper Resident Research Associate Oren M. Levin-Waldman builds on earlier work (see Working Paper No. 140) to argue that the unemployment insurance (UI) system is in need…more

  Download Working Paper No. 152 PDF (3.74 MB)
• Public Policy Brief No. 22
  September 19, 1995

  Closing the R&D Gap

  Thomas Karier
  Abstract

  Both spending and tax policies have been implemented in the United States with the goal of stimulating private sector research and development (R&D). Thomas Karier questions whether current R&D policy,…more

  Download Public Policy Brief No. 22, 1995 PDF (8.92 MB)
• Public Policy Brief No. 21
  May 09, 1995

  The Consolidated Assistance Program

  Oren Levin-Waldman
  Abstract

  In this brief, Oren M. Levin-Waldman examines the structure of existing welfare programs and concludes that the current array of benefits could be synchronized and consolidated to create a new…more

  Download Public Policy Brief No. 21, 1995 PDF (8.73 MB)
• Public Policy Brief No. 20
  April 08, 1995

  Assessing the Constitutional Route to Federal Budget Balance

  Charles J. Whalen
  Abstract

  Charles J. Whalen evaluates the political and economic arguments in favor of a constitutional amendment requiring a balanced budget and concludes that, although today’s federal budget process needs reform, the…more

  Download Public Policy Brief No. 20, 1995 PDF (7.24 MB)
• Public Policy Brief No. 14
  September 08, 1994

  Linking Public Capital to Economic Performance

  Sharon J. Erenburg
  Abstract

  Following up on findings by J. Bradford DeLong and Lawrence Summers that a robust statistical relationship exists between productivity and private sector investment in plant and equipment, the author explores…more

  Download Public Policy Brief No. 14, 1994 PDF (271.37 KB)
• Public Policy Brief No. 13
  June 07, 1994

  Investment Tax Credit Reconsidered

  Thomas Karier
  Abstract

  In this brief, Thomas Karier explores the efficacy of the investment tax credit (ITC) in stimulating private investment spending. He notes that there are three possible channels through which an…more

  Download Public Policy Brief No. 13, 1994 PDF (8.12 MB)
• Public Policy Brief No. 12
  May 06, 1994

  An Alternative in Small Business Finance

  Dimitri B. Papadimitriou, Ronnie J. Phillips, and L. Randall Wray
  Abstract

  At a time when small businesses are suffering from a credit crunch, “niche” financial institutions are filling the void left by more traditional sources of financing, such as commercial banks….more

  Download Public Policy Brief No. 12, 1994 PDF (161.47 KB)
• Public Policy Brief No. 4
  March 03, 1993

  Public Infrastructure Investment: A Bridge to Productivity Growth?

  David Alan Aschauer and Douglas Holtz-Eakin
  Abstract

  This brief presents contrasting views on the effects of public infrastructure investment on private sector productivity. David Alan Aschauer states that the slower rate of productivity growth since the early…more

  Download Public Policy Brief No. 4, 1993 PDF (8.87 MB)