Applying a relatively decentralised system of control which would keep state-owned enterprises (SOE) at arm's length from ministerial departments has been a stated policy for many governments around the world. However, the specific controls typically used for implementing this policy have seldom...

Program planning refers to the process of selecting an integrated set of projects for implementation. Ultimately, decisions tend to be "political" in the sense that they involve compromises and tradeoffs among different interests, though the arguments may be couched in technical terms. Program...

The controversial issue of mandatory retirement at age 70 for tenured faculty as considered by Congress is discussed using a goals/values analysis. A solution is proposed which permits such faculty to remain on active tenured status between ages 65 and 70 on a half-time basis only.

We consider a continuous-time version of Ireland's Neo-Keynesian reinterpretation of the seminal Kydland-Prescott model, assuming now an heterogenous private sector. In each period, a fraction of the private agents naively believes the policy announcements made by the government. The other...