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Seeing and Hearing : The Impacts of New York City’s Universal Pre-Kindergarten Program on the Health of Low-Income Children
Hong, Kai - 2019
We examine the effect of New York City's universal pre-kindergarten program (UPK) on the health and utilization of …
Persistent link: https://www.econbiz.de/10012902107
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Risk Tolerance and Alcohol Demand Among Adults and Older Adults
Dave, Dhaval - 2007
multiple waves from the Panel Study of Income Dynamics (PSID) and the Health and Retirement Study (HRS). While risk tolerance …
Persistent link: https://www.econbiz.de/10012775837
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Under the Weather : Health, Schooling, and Economic Consequences of Early-Life Rainfall
Maccini, Sharon - 2010
effect of weather conditions around the time of birth on the health, education, and socioeconomic outcomes of Indonesian … their year and location of birth are 3.8 percentage points less likely to self-report poor or very poor health, attain 0 … to higher household incomes and food availability and better health for infant girls. We present suggestive evidence that …
Persistent link: https://www.econbiz.de/10012759306
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Testing the Positive Theory of Government Finance
Bizer, David S. - 2010
Researchers characterizing optimal tax policies for dynamic economies have reasoned that optimally chosen tax rates should approximately follow a random walk. We conduct a frequency-domain examination of the properties of the tax rate series and conclude that while there is a substantial...
Persistent link: https://www.econbiz.de/10013138760
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A Requiem for the Fiscal Theory of the Price Level
Farmer, Roger E. A. - 2019
We demonstrate that the Fiscal Theory of the Price Level (FTPL) cannot be used to determine the price level uniquely in the overlapping generations (OLG) model. We provide two examples of OLG models, one with three 3-period lives and one with 62-period lives. Both examples are calibrated to an...
Persistent link: https://www.econbiz.de/10012894996
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Macroeconomics and Arch
Hamilton, James D. - 2010
Although ARCH-related models have proven quite popular in finance, they are less frequently used in macroeconomic applications. In part this may be because macroeconomists are usually more concerned about characterizing the conditional mean rather than the conditional variance of a time series....
Persistent link: https://www.econbiz.de/10012759101
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Intertemporal Distortions in the Second Best
Albanesi, Stefania - 2010
This paper studies the long run properties of intertemporal distortions in a broad class of second best economies. Our unified framework encompasses and extends many well known models, such as variants of the Ramsey taxation model with aggregate or idiosyncratic risk, and economies with...
Persistent link: https://www.econbiz.de/10012759663
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On the General Relativity of Fiscal Language
Kotlikoff, Laurence J. - 2010
illusion of meaning where none exists.This paper, dedicated to our dear friend, David Bradford, provides a general proof that …
Persistent link: https://www.econbiz.de/10012761261
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Monetary and Fiscal Theories of the Price Level : The Irreconcilable Differences
McCallum, Bennett T. - 2010
The fiscal theory of the price level (FTPL) has attracted much attention but disagreement remains concerning its defining characteristics. Some writers have emphasized implications regarding interest-rate pegging and determinacy of RE solutions, whereas others have stressed its capacity to...
Persistent link: https://www.econbiz.de/10012761721
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The Fiscal Roots of Inflation
Cochrane, John H. - 2019
Unexpected inflation devalues nominal government bonds. It must therefore correspond to a decline in expected future surpluses, or a rise in their discount rates, so that the real value of debt equals the present value of surpluses. I measure each component via a vector autoregression, in...
Persistent link: https://www.econbiz.de/10012871146