We study the properties of an overlapping generations model with many-period-lived agents, neoclassical production and capital accumulation, labor-leisure decisions, population growth, and technological progress. We demonstrate that a plausibly calibrated version of this model has "monetary...

This article will explore the extent, causes, and proposed solutions of the current fiscal crisis from a historical perspective of state finance. Although the current fiscal crisis is severe, it becomes more difficult to assess unless one has a more complete understanding of the historical...

We simultaneously identify two government spending shocks: military spending shocks as defined by Ramey (2008) and federal spending shocks as defined by Perotti (2008). We analyze the effect of these shocks on state-level personal income and employment. We find regional patterns in the manner in...

Presentation to the Global Economic Outlook (GEO) Conference, West Palm Beach, Fla., March. 8, 2005

Presentation to the Business and Community Leaders Luncheon, The Lannom Center, Dyersburg, Tenn. - April 10, 2001

Presentation at Lindenwood University, St. Charles, Mo., Nov. 9, 2005

Presentation at Lindenwood University, St. Charles, Mo., Nov. 9, 2005

Presentation to the Global Economic Outlook (GEO) Conference, West Palm Beach, Fla., March. 8, 2005