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Working Paper No. 128Should the US Government Adopt a Biennial Budget?
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Working Paper No. 127
Financial Instability and the Decline(?) of Banking
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Working Paper No. 126
Financial Institutions, Economic Policy, and the Dynamic Behavior of the Economy
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Public Policy Brief No. 15Monetary 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 […] -
Working Paper No. 125
Profit Sharing and Gainsharing
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Working Paper No. 124
Flying Blind
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Working Paper No. 123
The Utilization of US Male Labor, 1975–1992
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Working Paper No. 122
Recent Trends in US Male Work and Wage Patterns
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Working Paper No. 121
The Timing of Promotion to Top Management in the US and Japan
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Working Paper No. 120
The Productivity Convergence Debate
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Public Policy Brief No. 13
Investment Tax Credit Reconsidered
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 ITC can act on investment: price, income, and multiplier effects. He finds that ITCs do not appear to have had a significant effect on equipment […]