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Review of Changes in American Economic Policy in the 1980s: Watershed or Pendulum Swing?
American Economic Policy Pendulum Swing
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2015/8/4
ECONOMIC POLICY in the 1980s may
eventually become the most studied and
hotly debated of any decade in United States
history, even including the 1930s. Popular
writings about the 1980s economy alr...
We first document a large secular shift in the estimated response of the entire term structure of interest
rates to inflation and output in the United States. The shift occurred in the early 1980s. W...
We consider two classes of explanations for the rise in policy-related economic uncertainty in the United States since 1960. The first stresses growth in government spending, taxes,and regulation. A s...
The Structure of American Income Tax Policy Preferences
American Income Tax Policy Preferences
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2015/6/5
Modern income tax systems are multidimensional, applying different rates to different income levels. Yet few studies of public preferences over taxation or redistribution measure multidimensional poli...
Monetary Policy Drivers of Bond and Equity Risks
Risk and Uncertainty Bonds Central Banking System Shocks Policy Macroeconomics
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2015/4/28
The exposure of U.S. Treasury bonds to the stock market has moved considerably over time. While it was slightly positive on average in the period 1960–2011, it was unusually high in the 1980s and nega...
HOG ROUND MARKETING, SEED QUALITY, AND GOVERNMENT POLICY: INSTITUTIONAL CHANGE INU.S. COTTON PRODUCTION, 1920-60
HOG ROUND MARKETING SEED QUALITY GOVERNMENT POLICY INSTITUTIONAL CHANGE U.S. COTTON PRODUCTION
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2014/6/25
Between 1928 and 1960 U.S. cotton production witnessed a revolution with average yields increasing roughly threefold. In addition, the average staple length of the U.S. crop increased significantly, r...
Since Milton Friedman's (1968) presidential address to the American Eco-nomic Association, one of the most enduring ideas in macroeconomics has LJ been that inflation will increase ...