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Now showing items 11-20 of 39
Federal Reserve Asset Reductions and the Economy
(Private Enterprise Research Center, Texas A&M University, 2019-06-07)
At its September 2017 meeting, the Board of Governors of the Federal Reserve System announced that they would begin to reverse the massive acquisition of assets that began in 2009. What has been the impact of these asset ...
Is the Federal Reserve Independent?
(Private Enterprise Research Center, Texas A&M University, 2016-05-09)
The power to coin money and regulate the value thereof is constitutionally delegated to Congress, preventing true Federal Reserve independence. This issue of PERCspectives on Policy, by PERC Director Thomas Saving, discusses ...
Staying the Course or Rolling the Dice: Time Horizon’s Effect on the Propensity to Take Risk
(Private Enterprise Research Center, Texas A&M University, 2019-02-06)
Is the old adage that states that the young take more risk than the old correct? In PERC Working Paper 1902, authors Liqun Liu, Andrew J. Rettenmaier and Thomas R. Saving investigate this conventional wisdom in the context ...
Federal Reserve Monetary Policy in the 21st Century
(Private Enterprise Research Center, Texas A&M University, 2023-07-21)
In the 21st Century, the tools of monetary policy changed fundamentally with the onset of the Great Recession and the Covid-Pandemic, both of which led to significant asset expansions of the Federal Reserve to the tune of ...
The Carrot and the Stick of Medicaid Expansion
(Private Enterprise Research Center, Texas A&M University, 2014-05-01)
Monetary Policy in a Zero or Negative Interest Rate World
(Private Enterprise Research Center, Texas A&M University, 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 ...
Moving Up
(Private Enterprise Research Center, Texas A&M University, 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 ...
Migration Nation
(Private Enterprise Research Center, Texas A&M University, 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 ...
The Federal Reserve: Back to the Past
(Private Enterprise Research Center, Texas A&M University, 2017-10-01)
The Federal Reserve's payment of interest on bank reserves balances has transformed the balances to investments rather than just insurance against a run on the banking system. The paying of interest on reserves allowed the ...
Health Care Spending in the United States: What is Next?
(Private Enterprise Research Center, Texas A&M University, 2016-12-01)
Health care spending will always command public policy attention given the prominence of government payers in this market and the role played by the tax system in subsidizing health insurance purchases. But, with President-elect ...