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 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...