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Now showing items 61-70 of 85
State Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations
(Private Enterprise Research Center, Texas A&M University, 2021-02-01)
The recent period of low interest rates have shown that fiscal policies have become crucial for economic recovery. This paper shows that the source of business cycle fluctuations matters for determining the size of government ...
Effects of Mandatory Energy Efficiency Disclosure in Housing Markets
(Private Enterprise Research Center, Texas A&M University, 2019-11-22)
Mandatory disclosure policies are increasingly prevalent despite sparse evidence that they improve market outcomes. We study the effects of requiring home sellers to provide buyers with certified audits of residential ...
Effects of the Minimum Wage on the Nonprofit Sector
(Private Enterprise Research Center, Texas A&M University, 2022-12-20)
The nonprofit sector’s ability to absorb increases in labor costs differs from the private sector in a number of ways. We analyze how nonprofits are affected by changes in the minimum wage utilizing data from the Bureau ...
Optimal Regional Insurance Provision: Do Federal Transfers Complement Local Debt?
(Private Enterprise Research Center, Texas A&M University, 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 ...
The Effect of Public Health Insurance on Criminal Recidivism
(Private Enterprise Research Center, Texas A&M University, 2019-07-23)
The prevalence of mental health and substance abuse disorders is high among incarcerated individuals. Many ex-offenders reenter the community without receiving any specialized treatment and return to prison with existing ...
Evaluating Forecast Performance with State Dependence
(Private Enterprise Research Center, Texas A&M University, 2022-05-16)
In forecasting models, usually no single model emerges as the best overall, as forecasting performance is prone to instabilities because the economic mechanisms providing the data work better on one model during some periods ...
Optimal Interregional Redistribution and Local Borrowing Rules under Migration and Asymmetric Information
(Private Enterprise Research Center, Texas A&M University, 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 ...
Strict Voter Identification Laws, Turnout, and Election Outcomes
(Private Enterprise Research Center, Texas A&M University, 2019-08-20)
Since 2000, ten states have enacted strict voter identification laws, which require that voters show identification in order for their votes to count. While proponents argue these laws prevent voter fraud and protect the ...
Remittances, Output, and Exchange Rate Regimes: Theory with an Application to Latin America
(Private Enterprise Research Center, Texas A&M University, 2019-08-20)
Remittances from immigrants back to relatives and friends in their home country represent a large and important flow of funds both absolutely and relative to measures of national income. Macroeconomic aggregates are impacted ...
Cash for Corollas: When Stimulus Reduces Spending
(Private Enterprise Research Center, Texas A&M University, 2015-04-01)
The 2009 Cash for Clunkers program aimed to stimulate consumer spending in the new automobile industry, which was experiencing disproportionate reductions in demand and employment during the Great Recession. Exploiting ...