This study investigates the impact of federal government budget deficits on nominal long-term interest rates during the post-Bretton Woods era in the United States. The analysis conducts cointegration and Granger_causality tests within an open-economy loanable funds framework The empirical...

This study empirically investigates whether, in a democratic system, taxrelated public policies influence the public’s approval of their principal political leader. To begin this investigation, the case of the U.S. and the U.S. President is considered. In this context, it is hypothesized that...

This study empirically investigates whether pollution abatement costs have a negative impact on manufacturing employment in the U.S. Given that during the last quarter of a century, spending on environmental protection in the U.S. has grown even faster than has spending on healthcare, the social...

This theoretical note examines the impact of the interest sensitivity of government outlays on macroeconomic stability and economic policy effectiveness. It is found that, if the interest sensitivity of government outlays exceeds the interest sensitivity of private sector spending, the condition...

This study empirically investigates the impacts of central government budget deficits and economic freedom on per capita real economic growth in OECD nations over the period 2006-2012. Economic growth is measured by the percentage growth rate of purchasing-power-parity adjusted real per capita...

This study provides current, new empirical evidence on the impact of the U.S. federal budget deficit on the nominal interest rate yield on nominal ten-year U.S. Treasury notes. The study is couched within an open loanable funds model that includes an ex ante real short term real interest rate...

This study empirically investigates the determinants of aggregate federal personal income tax evasion in the U.S. using the most current data available from the IRS. In 2010, the IRS released a new series on personal income tax evasion data running through the year 2005. Using this new data, the...

This study uses causality tests to determine the direction of causality between U.S. federal budget deficits and ex ante real long-term interest rates. For the 1971-1991 period, it is found that the ex ante real long-term interest rate may cause the structural budget deficit.

In this study, heteroskedasticity-corrected two stage least squares estimation is used to identify determinants of the inflation rate in Ecuador over the 1950-1995 period. During this time frame, Ecuador made the transition from an oil-importing nation to a net oil-exporting nation. Accordingly,...

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