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Federal S&E obligations to universities,colleges fell 2 percent between fiscal years 2014 and 2015(图)
federal s&e obligations to universities colleges fell 2 percent fiscal years 2014 and 2015
2017/9/5
In Fiscal Year (FY) 2015, federal agencies obligated $30.5 billion to 1,016 academic institutions for science and engineering (S&E) activities, a 2 percent decrease in current dollars from the $31.1 b...
Fiscal Decentralisation and Economic Development in Selected Unitary European Countries
Dynamic panel data Economic growth Fiscal decentralisation
2016/1/27
The article provides direct empirical evidence on fiscal decentralisation and economic development in selected European countries in a period 1995-2012. The research (based on data taken from OECD Fis...
Fiscal Instruments of a Support of the Families with Children and their Changes in Developed Countries
Family benefits Support of the families with children Taxes
2016/1/27
Governments usually try to use fiscal instruments to support the families with children. However, fiscal instruments also affect the work effort and labour demand. Problems associated with (de)stimula...
Fiscal Consolidation and the New Flat Rate Individual Income Tax in Hungary
Fiscal policy Flat rate tax Social policy Tax principles Tax system
2016/1/27
In the last two years the Hungarian people have witnessed several new measures in government’s fiscal policy. To respond to global crisis that hit Hungary hard, the Bajnai government enacted a series ...
Excess Capacity and Heterogeneity in the Fiscal Multiplier: Evidence from the Obama Stimulus Package
Capacity Heterogeneity
2015/9/21
We estimate local multipliers from the ARRA (Obama stimulus) bill using cross-county variation
in expenditure. We use within-state variation, and include other demographic controls as well
as a pred...
Optimal Fiscal and Monetary Policy When Money is Essential
Friedman Rule intertemporal distortions micro-founded models of money
2015/9/18
We study optimal fiscal and monetary policy in an environment where explicit frictions giverise to valued money, making money essential in the sense that it expands the set of feasible trades. The two...
Fiscal Rules From A Political Economy Perspective
Fiscal Rules Political Economy Perspective
2015/9/18
Persistent deficits, implying secular growth of debt, have led many to argue that fiscal rules may play an important role in helping reduce or eliminate deficits and help control the growth of governm...
Fiscal and Monetary Stabilization Policies in a Model of Endogenous Cyclical Growth
Monetary Stabilization Policies Endogenous Cyclical
2015/8/5
Fiscal and Monetary Stabilization Policies in a Model of Endogenous Cyclical Growth.
Fiscal and Monetary Stabilization Policies in a Model of Cyclical Growth
Monetary Stabilization Policies Cyclical Growth
2015/8/5
Fiscal and Monetary Stabilization Policies in a Model of Cyclical Growth.
The Monetary Policy Implications of Greater Fiscal Discipline
Monetary Policy Implications Greater Fiscal Discipline
2015/8/4
After nearly a quarter century of large budget deficits—causing
the public debt to double from 20 percent to 42 percent as a share of
GDP in the industrialized countries—the need for greater fiscal
...
In 1992, President Bush proposed legislation intended to speed up the
recovery from the 1990-91 recession. Congress rejected this proposal for
countercyclical fiscal policy stimulus. In early 1993 P...
The State of the Economy and Principles for Fiscal Stimulus
Fiscal Stimulus industrial production
2015/8/3
The financial crisis evidenced in Figure 1 can be traced to unusually low interest
rates in the early part of this decade which let to the housing boom and bust, and then to
massive delinquencies an...
The Lack of an Empirical Rationale for a Revival of Discretionary Fiscal Policy
Empirical Rationale Discretionary Fiscal Policy
2015/8/3
A decade ago in a paper, “Reassessing
Discretionary Fiscal Policy,” published in the
Journal of Economic Perspectives, I concluded
that “in the current context of the US economy, it
seems best to ...
Comments on the ‘Global Effects of Fiscal Stimulus During the Crisis’ by Charles Freedman, Michael Kumhof, Douglas Laxton, Dick Muir, Susanna Mursula
Douglas Laxton Dick Muir
2015/8/3
The paper by Freedman, Kumhof, Laxton, Muir, and Mursula makes effective use of simulations of a very
large macroeconomic model to estimate the impact of discretionary fiscal policies, including the ...
An Empirical Analysis of the Revival of Fiscal Activism in the 2000s
Empirical Analysis Fiscal Activism
2015/8/3
An empirical review of the three fiscal stimulus packages of the 2000s shows that they
had little if any direct impact on consumption or government purchases. Households
largely saved the transfers ...