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Assessing Urban Crime And Its Control : An Overview

Cook, Philip J. - 2008

Urban crime rates in the United States fell markedly during the 1990s and remain at historically low levels. The … statistical evidence presented here indicates that that decline, like the crime surge that preceded it, has been largely … uncorrelated with changes in socioeconomic conditions across cities. The ups and downs of crime have a considerable effect on …

Persistent link: https://www.econbiz.de/10012464866

Unemployment Fiscal Multipliers

Monacelli, Tommaso - 2010

We estimate the effects of fiscal policy on the labor market in US data. An increase in government spending of 1 percent of GDP generates output and unemployment multipliers respectively of about 1.2 per cent (at one year) and 0.6 percentage points (at the peak). Each percentage point increase...

Persistent link: https://www.econbiz.de/10012462720

Government Spending and Private Activity

Ramey, Valerie A. - 2012

This paper asks whether increases in government spending stimulate private activity. The first part of the paper studies private spending. Using a variety of identification methods and samples, I find that in most cases private spending falls significantly in response to an increase in...

Persistent link: https://www.econbiz.de/10012460871

Costly Capital Reallocation and the Effects of Government Spending

Ramey, Valerie A. - 1999

Changes in government spending often lead to significant shifts in demand across sectors. This paper analyzes the effects of sector-specific changes in government spending in a two-sector dynamic general equilibrium model in which the reallocation of capital across sectors is costly. The...

Persistent link: https://www.econbiz.de/10012471736

Government Expenditure on the Public Education System

Fu, Chao - 2019

We investigate equilibrium impacts of federal policies such as free-college proposals, taking into account that human capital production is cumulative and that state governments have resource constraints. In the model, a state government cares about household welfare and aggregate educational...

Persistent link: https://www.econbiz.de/10012480368

New Keynesian versus Old Keynesian Government Spending Multipliers

Cogan, John F. - 2009

Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modelling uncertainty, it is essential that policy evaluations be robust to alternative assumptions. We find that models currently being used in practice to evaluate fiscal policy...

Persistent link: https://www.econbiz.de/10012463865

Sectoral Productivity, Government Spending and Real Exchange Rates : Empirical Evidence for OECD Countries

Chinn, Menzie David - 1997

This paper investigates the long- and short-run determinants of the real exchange rate using a panel of data for fourteen OECD countries. The data are analyzed using time series and panel unit root and panel cointegration methods. Two dynamic productivity-based models are used to motivate the...

Persistent link: https://www.econbiz.de/10012472801

Saving and the Long Shadow of Macroeconomic Shocks

Aizenman, Joshua - 2013

The global crisis of 2008 raises many questions regarding the long-term response to crises. We know that households that lost access to credit, for example, were forced to adjust and increase saving. But, will households keep on saving more than they would have done otherwise had the global...

Persistent link: https://www.econbiz.de/10012459594

The Social Value of Hurricane Forecasts

Molina, Renato; Rudik, Ivan - National Bureau of Economic Research - 2024

What is the impact and value of hurricane forecasts? We study this question using newly-collected forecast data for major US hurricanes since 2005. We find higher wind speed forecasts increase pre-landfall protective spending, but erroneous under-forecasts increase post-landfall damage and...

Persistent link: https://www.econbiz.de/10014576576

The Output Effect of Fiscal Consolidations

Alesina, Alberto - 2012

The present paper argues that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of fiscal plans rather than of individual fiscal shocks. The simulation of the fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the...

Persistent link: https://www.econbiz.de/10012460328