Now showing items 1-10 of 145
Why the Renminbi Might be Overvalued (But Probably Isn't)
The authors find that some approaches for evaluating China's renminbi imply substantial underevaluation, while others imply little or none, and other methods indicate slight overevaluation.
Choose Your Weapon: International Trade Agreements and Exchange Rate Policy Choice
This paper examines the question of whether governments engage in "exchange rate protection" - that is, whether they actively manipulate the exchange rate and/or utilize exchange rate fluctuations as a lever to influence ...
The Design and Dynamics of Performance Measurement Systems in the Public Sector
The authors use the principal-agent framework to synthesize theoretical and empirical knowledge of the implementation of performance management systems in the public sector. They describe a dynamic framework to account ...
The U.S. Current Account Deficit and the Expected Share of World Output
This paper investigates the possibility that the large current account deficits of the United States are the outcome of optimizing behavior. It develops a simple long-run world equilibrium model in which the current ...
Knowledge of Child Support Policy Rules: How Little We Know
People participating in a demonstration project on Wisconsin child support and welfare had little knowledge about child support policy rules. This research, one of the few that examine how much individuals know about ...
Taylor Rules and the Deutschmark Dollar Real Exchange Rate
The authors explore the link between an interest rate rule for monetary policy and the behavior of the real exchange rate. The interest rate rule, in conjunction with some standard assumptions, implies that the ...
Does Community Participation Produce Dividends in Social Investment Fund Projects?
In a study of education projects in Honduras, the authors investigate whether participatory, community-driven approaches to social investment fund projects improve educational outcomes and community members’ perceptions ...
Interpreting Interim Deviations from Cost Projections for Publicly Supported Energy Technologies
Widespread public funding of nascent energy technologies, combined with recent increases in costs the most heavily supported, has introduced a policy dilemma: should policymakers sustain these programs in anticipation cost ...
Lost in the Balance: How State Policies Affect the Fiscal Health of Cities
Fiscal problems in central cities, disparities with suburbs and how state governments cope are addressed in this examination of intergovernmental aid in California, New York and Wisconsin. The authors offer recommendations ...
Does Debt Discourage Employment and Payment of Child Support? Evidence from a Natural Experiment
The authors find an inverse relationship between child support debt and a father's earnings and child support payments. Higher arrears are generally associated with lower payments and lower earnings for fathers, although ...