The issue of environmental sustainability is a controversial and extremely diverse multi-faceted topic that ranges from questions as to how to ensure that adequate investment in energy R&D and infrastructure will be undertaken, to state level renewable portfolio standards, to the impact of...

For the period 2008-2009 of the “Great Recession,” the gross state-level in-migration rate was an increasing function of expected per capita personal income, state parks per capita, and warmer January temperatures. For the same study period, the gross in-migration rate was a decreasing...

Using quarterly data and dealing with the ex post real rates on three month U.S. Treasury bills and 20 year U.S. Treasury bonds, this empirical note has estimated an IS-LM based regression by 2SLS. The results indicate that the budget deficit raises the slope of the yield curve. Furthermore, to...

This theoretical note elaborates upon why it is a myth that YTM is viewed as only a promised but not really earned interest rate. It addresses some misconceptions in Shirnani and Wilbratte (2009) on what, between YTM and RCY, is a true rate of return of a coupon bond, why YTM is not just a...

This note attempts to further elaborate why it is a myth that YTM is viewed as only a promised but not really earned interest rate. It addresses some misconceptions regarding what, between YTM and RCY, is a true rate of return of a coupon bond, why YTM is NOT just a “fictitious mathematical...

This study develops a theoretical model for investigating the impacts of households who are target savers and firms that are growth maximizing on the effectiveness of standard monetary and fiscal policies. These two circumstances together generate a dynamic in which the condition for IS-LM...

The issue of illegal aliens has received considerable attention in recent years. Concern over the problem of illegal aliens has promulgated an array of efforts by the federal government to examine and revise immigration statutes and practices. Indeed, much debate has arisen over the possibility...