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Concerns about nutrient pollution in the Chesapeake Bay have led to the establishment of pollution limits—total maximum daily loads (TMDLs)—which, by 2025, are expected to reduce nitrogen loadings t...
The investment approach says that, as long as the rate of return to investment is positive, we need to invest less than a dollar today to obtain a dollar of benefi ts in the future. Under the inve...
Recent turmoil in the financial markets raises questions about whether and by how much monetary policy should deviate from its regular, more systematic, responses to economic conditions. Whether it ...
The first luncheon was held in 1948 in Cleveland.2 Winthrop Aldrich spoke. He was President of Chase National Bank, then the largest bank in the United States. Aldrich called his talk “The Managem...
My name is Frank Wolak and I am the Holbrook Working Professor of Commodity Price Studies in Department of Economics and the Director of Stanford’s Program on Energy and Sustainable Development at Sta...
Unemployment Benefits As a Substitute for a Conservative Central Banker.
One of the great puzzles of Sub-Saharan African economic history is that wheeled transportation was barely used prior to the colonial period. Instead, head porterage was the main method of transportat...
While at first glance it may appear that the subject of taxation is not a particularly interesting or hot-button issue, tax is an inescapable fact of life that affects us all, attracts a significant a...
Most Social Security Disability Insurance (DI) beneficiaries must complete a 5-month waiting period before they become entitled to DI cash benefits and an additional 24-month waiting period before Med...
The article focuses on the provisions purported by the Unemployment Insurance Modernization Act of 2009 (UIMA) which made into law under the American Recovery and Reinvestment Act of 2009 (ARRA). It o...
Banks offer various economic incentives to customers to pay with their credit card rather than cash. Still, many individuals either elect to pay with cash or are unable to acquire credit cards. What b...
We show that modeling monetary circulation and cyclical activity offers insights about monetary policy that cannot be had in representative-agent models. Two fundamental ideas emerge: (i) the reflux o...
This study examines the effect of longevity risk on retirement income by focusing on the mode of utilizing pension funds at retirement. The population of interest for this purpose comprised of the Bab...
We propose a simple to implement panel data method to evaluate the impacts of social policy. The basic idea is to exploit the dependence among cross-sectional units to construct the counterfactuals.
There has been a widely accepted belief that certain labor market institutions, including high taxation and generous benefits, can lead to low employment and/or high unemployment. To what extent do su...

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