1 - 8 of 8 articles
Abstract Most monetary economists today conduct their analysis within some version of a rational expectations model. A well-defined equilibrium in such a model requires that the private sector understand policy goals and the policymakers' model of the economy. An austere version of the model,...
Abstract Policymaking at the Fed and Fed watching by the markets have changed dramatically over the past 30 years. In the 1970s, targets and instruments shifted constantly, and the prevalent belief in the Fed was that its deliberations should be as opaque as possible. Moreover, communications...
Abstract In this paper, we investigate what matters most to sustaining strong economic growth in today's more globalized, knowledge economy. An examination of 2005-2006 statistical and survey data across 52 countries reveals that economic growth is driven mainly by developed and trustworthy...
Abstract Management fees of mutual funds are more costly to investors than is often realized. Moreover, research indicates that in many cases, the fees are not related to performance, contrary to what might be expected from an efficient market. This study uses sample data to illustrate the...
Abstract The United States' output per capita is approximately 30 percent higher than in the developed European countries and Japan, and its productivity growth is among the highest in the world. Much of this record has been due to an environment that fosters growth in human and physical capital...
Abstract Because of important demographic forces pertaining to impending social security and Medicare entitlement expenditures, very large budget deficits will occur in the next two decades barring significant federal legislation pertaining to these entitlements and/or taxes. The recent flatness...
Abstract A look at the workings of the business economics function at the OESA
Abstract A look at the Energy Information Agency and the statistics it provides.
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