The domestic landscape / Michael J. Boskin -- In brief : spending / George P. Shultz -- Entitlements and the budget / John F. Cogan -- A blueprint for tax reform / Michael J. Boskin -- Transformational health care reform / Scott W. Atlas -- Reforming regulation / Michael J. Boskin -- National...

Defense establishments and the armed forces they organize, train, equip, and deploy depend upon the security of capital and capital flows, mechanisms that have become increasingly globalized. Military capabilities are thus closely tied not only to the size of the economic base from which they...

We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...