efficiency of federal revenue collection, control spending, and eliminate federal government borrowing by the end of the …

We show that a DSGE model in which subsidies to private sector R&D stimulate economic growth, following the predictions …-2010. R&D subsidies are measured as government-funded R&D performed by the private sector as a proportion of total private … of the results using a Monte Carlo exercise. Our findings indicate that sharp cuts in R&D subsidies tend to have highly …