In this paper, we examined monetary policy from August 2007, when the Fed engaged in its first unconventional action, through December 2009, when most of the Fed's special lending facilities became inactive. However, the monetary base remained in excess of $2 trillion which was more than double...

The motivation for this paper began with casual empiricisms regarding the brief distributed lag of retail gasoline prices behind crude oil futures. We developed a model consistent with our hypothesis and tested it with econometrics using statistical data that include the sharp decrease in crude...

This paper examines the effectiveness of several of the Fed's unconventional monetary policies from 2007 to 2010 by comparing interest rate spreads with forecast estimates based on either the pure expectations hypothesis or the preferred habitat theory. We find that the effectiveness of these...

Studies modeling the dynamic fiscal and economic effects of phasing out or repealing Texas' business margin tax find substantial economic benefits. These include potentially tens of thousands of net new private sector jobs created and billions in net new investment and personal income across...

Texas has a proven record of financial stability. Ranking 16th nationwide in fiscal health, 7th in lowest state debt per capita, and with historically high population growth rates accompanied by economic growth, these factors have kept Texas steadfast even during times of economic uncertainty....

Expanding education choice is a smart and sound investment that Texas can make to grow the state's economy and build a stronger society. Creating better matches between students and their education will likely lead to fewer dropouts, which would improve social and labor market outcomes. By...

There remain questionable fundamental issues about the way carbon dioxide affects the climate. Observed temperatures by sophisticated technologies greatly and consistently conflict with today's widely accepted, although highly questionable, scientific consensus about the effects humans have on...