Now showing items 1-10 of 23
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 ...
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 ...
An Assessment of Several Marriage Market Related Explanations for the Decline in Female Marriage Rates Between 1970 and 1980
This examination of the role of how marriage market conditions affected the decline in 1970-80 female marriage rates documents the importance of changes in mate availability and quality. Much of the decrease in marriage ...
A Public Transformed? Welfare Reform as Policy Feedback
While welfare reform in the 1990s made welfare less salient as a public issue, the authors show that it did little to change the public's willingness to spend on anti-poverty efforts or to support the Democratic Party. ...
Public and Private Regulation of Organ Transplantation: Liver Allocation and the Final Rule
Private regulation governs how organs from cadavers are allocated. This process led to a change in the rules that more clearly define public and private roles. Several liver transplant centers prompted the Organ ...
The Color of Devolution: Race, Federalism, and the Politics of Social Control
Through analysis of state-level policy decisions, the authors show how modest but consistent racial effects on policy choices combine to produce large disparities in welfare and criminal justice policies encountered ...
Conventional and Unconventional Approaches to Exchange Rate Modeling and Assessment
With a new approach, the authors examine the relative predictive power of the sticky price monetary model, uncovered interest parity, and a transformation of the net exports variable.
The Taxpayer Protection Amendment: A Preliminary Analysis
This analysis demonstrates that a proposed amendment to Wisconsin's constitution to limit the annual growth of government revenue would reduce public services and harm economic development. If it had been enacted in ...
Economic Conditions and Poverty: A Comparison of the 1980s and 1990s
The authors first establish a benchmark for the relationship between poverty rates among family types and unemployment rates in the 1980s and 1990s. The authors then discuss possible reasons for the differences in ...
What Makes Hierarchical Networks Succeed? Evidence from Hurricane Katrina
The network of organizations that responded to Hurricane Katrina was inherently difficult to coordinate. This paper examines how network task, capacity and coordination factors weakened the response.