1 - 10 of 13 articles
Abstract The growth of entitlements has weighed on domestic saving, and foreign borrowing is now a very large source of funding for domestic investment. If foreign capital flows slow, and domestic saving continues to be crowded out by entitlements, there would be serious consequences for...
Abstract The United States has now experienced three major wealth bubbles since 1945. The first two peaked in 1999 and 2006, followed by crash and recession. By 2018, peaks were higher than ever, implying new risks that either this third bubble will pop, or returns on investments will fall, or...
Abstract This study looks into whether the manufacturing sector has experienced a stronger-than-expected recovery and identifies five potential drivers of the manufacturing sector’s strong performance—tax and regulatory reform, the shale energy boom, technological advances that reduced the labor...
Abstract This essay explores the evolution of postwar growth regimes, understood as the economic and social policies used by governments to pursue economic growth in the developed democracies. It charts movement in growth regimes from an era of modernization stretching from 1950 to 1975, through...
Abstract This brief essay offers a general introduction to the idea of nudging, along with a list of ten of the most important “nudges.” It also provides a short discussion of the question whether to create a separate “behavioral insights unit” or instead to rely on existing institutions.
Abstract Federal debt is on an unsustainable path. Low interest rates mean that we do not need to reduce budget deficits immediately and that we should do more public investment. However, we will need to make deficit-reducing changes eventually, and we should set those changes in motion now and...
Abstract Comments on the role current federal deficits and recent policy have on state and local government budgets. Specifically, current policies and deficit levels may leave less room or political will for federal aid to state and local governments during the next economic downturn.
Abstract The multiple segmentation of audiences and stakeholders is as essential to the survival of American symphony orchestras and opera houses as is revenue diversification. Fundraising remains the key source of revenue, but managers are now exploring new target audiences with the increased...
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