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How to Restructure Failed Banking Systems : Lessons from the U.S. In the 1930's and Japan in the 1990's
Calomiris, Charles W. - 2009
The costs of government assistance to banks depend on the way rescues are managed. The cnetral questions of policy reference do not revolve around whether to bail out banks, but rather around the choice of which banks to rescue and the means for doing so. If a rescue is handled skillfully, the...
Persistent link: https://www.econbiz.de/10012767753
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Do Subsidies to Commercial R&D Reduce Market Failures? Microeconomic Evaluation Studies
Klette, Tor Jakob; Møen, Jarle; Griliches, Zvi - 2021
A number of market failures have been associated with R&D investments and significant amounts of public money have been spent on programs to stimulate innovative activities. In this paper, we review some recent microeconomic studies evaluating effects of government sponsored commercial R&D. We...
Persistent link: https://www.econbiz.de/10013221941
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Set-Asides and Subsidies in Auctions
Athey, Susan - 2011
Set-asides and subsidies are used extensively in government procurement and natural resource sales. We analyze these policies in an empirical model of U.S. Forest Service timber auctions. The model fits the data well both within the sample of unrestricted sales where we estimate the model, and...
Persistent link: https://www.econbiz.de/10013128845
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The Effects of Fiscal Stimulus : Evidence from the 2009 'Cash for Clunkers' Program
Mian, Atif R. - 2010
A key rationale for fiscal stimulus is to boost consumption when aggregate demand is perceived to be inefficiently low. We examine the ability of the government to increase consumption by evaluating the impact of the 2009 "Cash for Clunkers" program on short and medium run auto purchases. Our...
Persistent link: https://www.econbiz.de/10013138317
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Insurers' Negotiating Leverage and the External Effects of Medicare Part D
Lakdawalla, Darius N. - 2010
Public financing of private health insurance may generate external effects beyond the subsidized population, by influencing the size and bargaining power of health insurers. We test for this external effect in the context of Medicare Part D. We analyze how Part D-related insurer size increases...
Persistent link: https://www.econbiz.de/10013139556
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The Future of the Government Sponsored Enterprises : The Role for Government in the U.S. Mortgage Market
Jaffee, Dwight M. - 2011
This paper analyzes options for reforming the U.S. housing finance system in view of the failure of Fannie Mae and Freddie Mac as government sponsored enterprises (GSEs). The options considered include GSE reform, a range of possible new governmental mortgage guarantee plans, and greater...
Persistent link: https://www.econbiz.de/10013117213
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The Expanding Social Safety Net
Mulligan, Casey B. - 2011
of people who would have been eligible under pre-recession subsidy rules. The non-elderly parts of the safety net have …
Persistent link: https://www.econbiz.de/10013117560
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Who Offers Tax-Based Business Development Incentives?
Felix, R. Alison - 2011
Many American communities seek to attract or retain businesses with tax abatements, tax credits, or tax increment financing of infrastructure projects (TIFs). The evidence for 1999 indicates that communities are most likely to offer one or more of these business development incentives if their...
Persistent link: https://www.econbiz.de/10013119961
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The Geographic Accessibility of Child Care Subsidies and Evidence on the Impact of Subsidy Receipt on Childhood Obesity
Herbst, Chris M. - 2011
receiving a child care subsidy among disadvantaged mothers with young children. In particular, we collect data on the location … families must travel from home in order to reach the nearest office that administers the subsidy application process. Using … in the distance to a public human services agency reduces the likelihood that a family receives a child care subsidy …
Persistent link: https://www.econbiz.de/10013120051
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Means-Tested Subsidies and Economic Performance Since 2007
Mulligan, Casey B. - 2011
The aggregate neoclassical growth model - with means-tested subsidies whose replacement rates began rising at the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real GDP that closely resemble actual U.S. time series. Despite having...
Persistent link: https://www.econbiz.de/10013120207