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A Fiscal Union for the Euro: Some Lessons from History

Bordo, Michael David; Markiewicz, Agnieszka; Jonung, Lars - National Bureau of Economic Research (NBER) - 2011

The recent financial crisis 2007-2009 was the longest and the deepest recession since the Great Depression of 1930. The crisis that originated in subprime mortgage markets was spread and amplified through globalised financial markets and resulted in severe debt crises in several European...

Persistent link: https://www.econbiz.de/10009278243

The Origins of State Capacity: Property Rights, Taxation, and Politics

Besley, Timothy; Persson, Torsten - National Bureau of Economic Research (NBER) - 2007

Economists generally assume the existence of sufficient institutions to sustain a market economy and tax the citizens. However, this starting point cannot easily be taken for granted in many states, neither in history nor in the developing world of today. This paper develops a framework where...

Persistent link: https://www.econbiz.de/10005829304

Impacts of Eligibility Expansions and Provider Reimbursement Rate Increases on Child Care Subsidy Take-Up Rates, Welfare Use and Work

Witte, Ann Dryden; Queralt, Magaly - National Bureau of Economic Research (NBER) - 2003

We find that reforms in the Rhode Island subsidized child care program, including income and age eligibility expansions and increases in the reimbursement rates paid to formal providers, significantly increased the likelihood that current and former welfare families: a) would use child care...

Persistent link: https://www.econbiz.de/10005710499

Constraining Managers without Owners: Governance of the Not-for-Profit Enterprise

Desai, Mihir A.; Yetman, Robert J. - National Bureau of Economic Research (NBER) - 2005

In the absence of owners, how effective are the constraints imposed by the state in promoting effective firm governance? This paper develops state-level indices of the legal and reporting rules facing not-for-profits and examines the effects of these rules on not-for-profit behavior. Stronger...

Persistent link: https://www.econbiz.de/10005829317

Hard Targets: Theory and Evidence on Suicide Attacks

Berman, Eli; Laitin, David - National Bureau of Economic Research (NBER) - 2005

Who chooses suicide attacks? Though rebels typically target poor countries, suicide attacks are just as likely to target rich democracies. Though many groups have grievances, suicide attacks are favored by the radical religious. Though rebels often kill coreligionists, they seldom use suicide...

Persistent link: https://www.econbiz.de/10005829597

Scale Economies, Returns to Variety, and the Productivity of Public Infrastructure

Holtz-Eakin, Douglas; Lovely, Mary E. - National Bureau of Economic Research (NBER) - 1995

We examine the productivity of public infrastructure in a general equilibrium context. In our model, infrastructure lowers costs in a manufacturing sector characterized by both firm-level returns to scale and industry-level external returns to variety. Infrastructure alters factor prices,...

Persistent link: https://www.econbiz.de/10005830356

The Policy Context and Infant and Toddler Care in the Welfare Reform Era

Witt, Robert; Witte, Ann; Queralt, Magaly; Griesinger, … - National Bureau of Economic Research (NBER) - 2002

We provide descriptive evidence from Miami-Dade County (MDC), FL and from five representative areas in Massachusetts (MA) that government policies governing welfare reform, the child-care subsidy system and minimum-standards regulation have had considerable impact on the availability, price, and...

Persistent link: https://www.econbiz.de/10005830898

The Political Resource Curse

Perotti, Roberto; Tabellini, Guido; Brollo, Fernanda; … - National Bureau of Economic Research (NBER) - 2010

The paper studies the effect of additional government revenues on political corruption and on the quality of … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … transfers increase political corruption and reduce the quality of candidates for mayor. …

Persistent link: https://www.econbiz.de/10008622357

Kosher Pork

Drazen, Allan; Ilzetzki, Ethan - National Bureau of Economic Research (NBER) - 2011

Both conventional wisdom and leading academic research view pork barrel spending as antithetical to responsible policymaking in times of crisis. In this paper we present an alternative view. When agents are heterogeneous in their ideology and in their information about the economic situation,...

Persistent link: https://www.econbiz.de/10008784918

Hyperbolic Discounting of Public Goods

Viscusi, W Kip; Huber, Joel - National Bureau of Economic Research (NBER) - 2006

This article examines revealed rates of time preference for public goods, using environmental quality as the case study. A nationally representative panel-based sample of 2,914 respondents considered a series of 5 conjoint policy choices, yielding 14,570 decisions. Both the conditional fixed...

Persistent link: https://www.econbiz.de/10005777961