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Working Paper No. 133
Monetary Policy, Stock Returns, and the Role of Credit in the Transmission of Monetary Policy
No further information available.
Working Paper No. 132
Federal Budget Balance—Tonic or Toxin?
Public Policy Brief No. 17
Narrow Banking Reconsidered
The functional approach to reforming the financial system advocates the structural separation of the depository and lending functions of banks. As a result of such a separation, monetary and credit policy undergo a parallel separation, and government supervision and regulation of the banking industry are modified. The policy prescription developed within this approach is narrow […]
Working Paper No. 131
The Earned Income Tax Credit and the Need to Synchronize Public Assistance Benefits
No further information available.
Working Paper No. 130
Can We Afford Grandma and Grandpa?
No further information available.
Working Paper No. 129
The Credibility of the Federal Reserve’s Monetary Targets
No further information available.
Public Policy Brief No. 16
Infrastructure Investment for Tomorrow
The author presents a long-term public investment proposal to preserve and upgrade the nation’s infrastructure system, offering a unique financing plan to eliminate much of the backlog of deferred maintenance that plagues America’s roads and bridges. The plan would allow states and municipalities to get out from under this burden with a one-time upgrading program, […]
Working Paper No. 128
Should the US Government Adopt a Biennial Budget?
No further information available.
Working Paper No. 127
Financial Instability and the Decline(?) of Banking
No further information available.
Working Paper No. 126
Financial Institutions, Economic Policy, and the Dynamic Behavior of the Economy
No further information available.
Public Policy Brief No. 15
Monetary Policy Uncovered
Experience with a variety of targets has cast doubt on the likelihood that a single variable can be found to be closely and reliably linked to future inflation; it is even less likely that such a variable, should it be found, would somehow be under the control and manipulation of the Federal Reserve. This brief […]
Public Policy Brief No. 14
Linking Public Capital to Economic Performance
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 whether there is also a connection between economic growth and public spending. She argues that public investment in infrastructure stimulates private sector investment in plant […]