Browsing PERC Publications by Title
Now showing items 208-227 of 302
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-04-01)This paper presents experimental evidence suggesting that persistent price dispersion that violates the law of one price may be a disequilibrium phenomena. Increasing market concentration increases the pecuniary incentive ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2022-01-13)At retirement, the goal of most workers is to be able to pay their anticipated living expenses using their employer-sponsored retirement plan, savings, and Social Security. Today, most workers’ employer-sponsored retirement ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2022-05-23)The authors propose novel tests for the detection of Markov switching deviations from forecast rationality. Existing forecast rationality tests either focus on constant deviations from forecast rationality over the full ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2018-10-21)This paper describes the need for timely GDP information, methodology, and data sources used to create the monthly publication, Economic Indicators.
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2016-01-01)Every year thousands of Americans move across county lines. In general, non-migrants experience higher average incomes than their migrant counterparts. This issue of PERCspectives on Policy explores how migrants and ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-04-12)Communities across the United States are reconsidering the public safety benefits of prosecuting nonviolent misdemeanor offenses. So far there has been little empirical evidence to inform policy in this area. In this paper, ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-05-14)Misdemeanor crimes make up 80 percent of all crimes in the criminal justice system. Meanwhile, communities across the United States are beginning to reconsider the public safety benefits of prosecuting these low-level ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-06-01)Using three years of data from the 47 prefectures of Japan, the authors estimate behavior of households who simultaneously make discrete decisions about vehicle ownership and continuous decisions about driving distance. ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-12-20)The persistence of negative interest rates in the Euro-Zone and Japan coupled with low inflation raises the question of the efficacy of central banking in a negative interest rate world. Given that interest rates have been ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2018-11-12)During the last few decades, central banks across the globe came to recognize the potentially valuable role that transparency can play in stabilizing the economy. For example, the Federal Reserve in the US started releasing ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-02-05)Over the past two decades, expectations about the future of monetary policy has become a useful agent used by households and firms as they make spending and investment decisions. As central banks worldwide recognize the ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-04-09)The Federal Reserve’s decision in 2008 to begin paying interest on bank reserves, particularly excess reserves (the IOER), has changed the role of the banking system and the determination of the nation’s money supply. ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-09-01)America prides itself as a place where people who work hard and don't quit can move up. However, there are concerns growing economic inequality has stymied economic mobility. This issue of PERCspectives on Policy identifies ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2017-09-01)The Earned Income Tax Credit (EITC) is the federal government's largest means-tested cash assistance program. The popular anti-poverty program's maximum credits and income eligibility ranges have been legislatively increased ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2017-11-01)The House recently passed the Tax Cuts and Jobs Act and the Senate now begins debate on its version of tax reform. Debate has centered on the tax reform's potential negative revenue effects and its disparate treatment of ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-05-06)In this working paper, authors Tatevik Sekhposyan, Tatjana Dahlhaus, and Julia Schaumburg introduce a flexible, time-varying network model to trace the propagation of interest rate surprises across different maturities. ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-07-01)The sluggish growth in employment following the Great Recession has spurred research into investigating its cause. Economists are split as to whether it reflects the advent of “jobless recoveries� or just reflects ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-09-16)Assuming two types of regions that differ only in the discount rate, Huber and Runkel (2008) show that optimal federal redistribution is from impatient to patient regions, and optimal local public debt is higher in impatient ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-11-01)Intergovernmental grants implemented by the central government of a federal fiscal system are justified on the grounds that they internalize interregional spillovers generated by local public goods provision or ...
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(Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2019-12-16)It has been established in the literature that, under the assumption of risk-neutral contestants, it is usually optimal for an effort maximizing contest organizer with a fixed prize budget to award everything to a single ...