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Our Economists’ Voice column sumthe current and proposed Medicare auctions. The column was based on a careful reading and analysis of the auction rules.
In a recent paper,3 Professors Stein and Nagatani (SN) have examined monetary stabilization policies in a full employment nonlinear monetary growth model. Specifically, they try to give a "rigorous ...
One of the more important questions in the area of quantitative economic policy concerns the suitability of optimal control theory for economic stabilization problems. Despite extensive theoretical ...
On the Possibility and Desirability of Stabilization Policy: A Comment.
Ben Bernanke and Rick Mishkin have put together a useful data base on money growth, targets for money growth, and monetary policy decisions in six different countries during the 1970s and 1980s. The...
The main focus of Philippe Weil’s paper is on the new U.S. budgetary treatment of direct loans and loan guarantees that began with the Credit Reform Act (CRA) of 1990. W er ‘1’ s analysis raises fun...
Comment on ‘The Use of a Monetary Aggregate to Target Nominal GDP’ by Martin Feldstein and James Stock.
Comment on ‘Tax Policy and Investment’ by Kevin Hasset and R. Glenn Hubbard.
Comment on ‘America’s Peacetime Inflation: The 1970s’ by J. Bradford De Long.
I thank Michael Woodford for writing such a thoughtful and useful paper on monetary policy. It is filled with fascinating ideas and insights, each carefully explained. As befits this final “Looking ...
Comment on Economics of the Primary Dealer Credit Facility.
Michael Woodford’s chapter is fi lled with fascinating ideas and insights, each carefully explained. Most importantly, he proposes an ambitious future research program with the specifi c practical p...
An economy populated by a representative agent with power utility predicts an equity premium which is far below the realized equity premium in postwar data, at least for “reasonable parameters” for ...
The Global Change Institute at The University of Queensland, Australia, was established in 2010 as an independent source of game-changing research, ideas and advice for addressing the challenges of gl...
This paper re-examines differences found between income gradients in American and English children’s health, in results originally presented by [Case, A., Lubotsky, D., Paxson, C., 2002. Economic sta...

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