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Federal funding for research and development (R&D) and R&D plant (facilities and fixed equipment) totaled $131.4 billion in Fiscal Year (FY) 2015, a 1 percent decrease from the previous year, accordin...
Federal budget authority for research and development continues upward trend
Federal budget authority research development upward trend
2017/2/15
Federal budget authority for research and development (R&D) rose in Fiscal Year (FY) 2016, the third straight year of current dollar increases, according to a new report from the National Ce...
Federal research funding up 6 percent in FY2014
Federal research funding up 6 percent FY2014
2016/4/25
Federal funding for research rose by $3.7 billion, or 6 percent, between fiscal years (FY) 2013 and 2014, according to a new InfoBrief from the National Center for Science and Engineering St...
Expectations, Open Market Operations, and Changes in the Federal Funds Rate
Expectations Open Market Operations
2015/8/3
The process through which Federal Reserve
decisions about monetary policy are transmitted
to the federal funds market has changed
significantly in recent years. In 1994 the Federal
Open Market Com...
Monetary Policy and the Recent Extraordinary Measures Taken by the Federal Reserve
Monetary Policy Recent Extraordinary Measures
2015/8/3
The recent increase came about as a direct result of the Fed’s decision to purchase
securities and make loans to certain sectors and financial institutions. More specifically, the Fed
financed these...
Review of Allan Meltzer’s A History of the Federal Reserve, Volume 2
monetary trends Federal Reserve
2015/8/3
When Allan Meltzer published Volume 1 of the history of the Federal Reserve (Meltzer, 2003), it was received with wide
acclaim. Bordo (2006), reviewing it in the Journal of Monetary Economics, praise...
Estimated Impact of the Federal Reserve’s Mortgage-Backed Securities Purchase Program
Purchase Program Mortgage-Backed
2015/8/3
The largest credit or liquidity program created by the
Federal Reserve during the financial crisis was the mortgagebacked
securities (MBS) purchase program. In this paper, we
examine the quantitati...
Bond yields respond to policy decisions by the Federal Reserve and
vice versa. To learn about these responses, I model a high-frequency
policy rule based on yield curve information and an arbitrage-...
Choice and Federalism Defining the Federal Role in Education
Select federalism is defined the federal government education
2015/7/20
Choice and Federalism Defining the Federal Role in Education.
The Returns to the Federal Tax Credits for Higher Education
Taxes higher education tuition fees the middle class tax cuts
2015/7/20
Three tax credits benefit households who pay tuition and fees for higher education. The credits have been justified as an investment: generating more educated people and thus more earnings and externa...
Impacts of alternative emissions allowance allocation methods under a federal cap-and-trade program
Climate policy Cap and trade Emissions allowance allocation General equilibrium modeling Industry impacts
2015/7/17
This paper examines the implications of alternative allowance allocation designs for industry profits and GDP under a federal cap-and-trade program to reduce greenhouse gas emissions. We employ a gene...
Unintended consequences from nested state and federal regulations:The case of the Pavley greenhouse-gas-per-mile limits
Nested regulation Emissions leakage Greenhouse gas limits Climate policy CAFE standard Fuel economy Simulation model
2015/7/17
This paper reveals significant unintended consequences from recent 14-state efforts to reduce greenhouse gas emissions through limits on greenhouse gases per mile from new cars. We show that while suc...
General Equilibrium Impacts of a Federal Clean Energy Standard
clean energy standard intensity standard emissions pricing climate
2015/7/17
Economists have tended to view emissions pricing (e.g., cap and trade or a carbon tax) as the most cost-effective approach to reducing greenhouse gas emissions. This paper offers a different view. Emp...
Latest figures show decline in federal funding for R&D, equipment, facilities in FY 2013
federal funding R&D equipment facilities FY 2013
2015/5/25
Federal agency funding for research and development and R&D plant (facilities and fixed equipment used for R&D) fell by 9 percent in fiscal year 2013, according to a new InfoBrief from the N...
Clusters and Competitiveness:A New Federal Role for Stimulating Regional Economics
Clusters Competitiveness Cluster Initiative Program Regional Industry Industry Clusters
2015/5/12
Clusters and Competitiveness:A New Federal Role for Stimulating Regional Economics.