This paper presents new evidence on the effects of attendance on academic performance. We exploit a large panel data set for Introductory Microeconomics students to explicitly take into account the effect of unobservable factors correlated with attendance, such as ability, effort and motivation....

The paper presents a simple model for discussing the effects of deficit limits and budget rules on fiscal policy. I find that limits on deficit- output ratios provide incentives to implement procyclical policies when the economy is in intermediate states, and countercyclical policies only in...