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Yearly Progress. While the federal government's legislation provided a framework for NCLB implementation, it also gave states …% across states. In this paper, we explore how states' NCLB implementation decisions affected their schools' failure rates … characteristics like enrollment size, grade span, and ethnic diversity. Subtle differences in policy implementation led to dramatic …
Persistent link: https://www.econbiz.de/10013082653
dispatches for more severe injuries, dispatches for minor injuries rose sharply after the implementation of the ACA. By contrast …
Persistent link: https://www.econbiz.de/10012922223
We examine the relationship between the adoption of EMR and hospital operating costs. We first identify a puzzle that has been seen in prior studies: Adoption of EMR is associated with a slight cost increase. We draw on the literature on IT and productivity to demonstrate that the average effect...
Persistent link: https://www.econbiz.de/10013036633
The Patient Protection and Affordable Care Act (ACA) is the most comprehensive reform of the U.S. medical system in at least 45 years. The ACA transforms the non-group insurance market in the United States, mandates that most residents have health insurance, significantly expands public...
Persistent link: https://www.econbiz.de/10013123309
We propose and study properties of several estimators of variance decomposition in the local-projections framework. We find for empirically relevant sample sizes that, after being bias corrected with bootstrap, our estimators perform well in simulations. We also illustrate the workings of our...
Persistent link: https://www.econbiz.de/10012944147
The central thesis of this paper is that the management of portfolios incorporating a variety of investment assets does require the use of time and other scarce resources in searching for, collecting, interpreting, and applying relevant information. Accordingly, the returns on these assets would...
Persistent link: https://www.econbiz.de/10012763226
We outline a method to provide advice on optimal monetary policy while taking policymakers' judgment into account. The method constructs Optimal Policy Projections (OPPs) by extracting the judgment terms that allow a model, such as the Federal Reserve Board's FRB/US model, to reproduce a...
Persistent link: https://www.econbiz.de/10013215681
This paper develops and applies a model of world trade and exchange rates to analyze dynamic interaction of the current account and exchange rate. The model is designed to concentrate on the determination of trade flows, prices and exchange rates for the OECD member countries but it also covers...
Persistent link: https://www.econbiz.de/10013218347
This paper analyzes data on a large sample of research and development (R&D) projects documented in the Defense Department's Independent R&O Data Bank, both to provide some stylized facts about R&O investment at the project level and to test the implications of a control-theoretical model...
Persistent link: https://www.econbiz.de/10013224349
In an earlier paper, we showed that the value of shadow prices depends on how the government contemplates re- equilibrating the economy to the perturbation associated with any project, except in the extreme case where the government has chosen all policy instruments optimally. Only under...
Persistent link: https://www.econbiz.de/10013225416