America's most innovative firms (with 40%+ of U.S. patents assigned to U.S. entities during 1988-96) participate, often repeatedly, in the Commerce Department's Advanced Technology Program (ATP). Participation significantly increases firms'innovation (patenting) while receiving ATP support...

This study provides fresh evidence on the responsiveness of private consumption and, by implication, saving to government deficits. It focuses on consumption and saving from 1981 to 1989, a period during which the personal saving rate was characterized as surprisingly unresponsive to high...